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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany by Adam Fergusson (Paperback, 2010)

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Author: Adam Fergusson. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923.

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When Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread a cinema ticket could be bought for a lump of coal and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, quantitative easing, that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit- necessity or profligacy, unwillingness to tax or blindness to expenditure- it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

Product Identifiers

Publisher
Publicaffairs,U.S.
ISBN-13
9781586489946
eBay Product ID (ePID)
106305509

Product Key Features

Author
Adam Fergusson
Publication Name
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
Format
Paperback
Language
English
Subject
Economics
Publication Year
2010
Type
Textbook
Number of Pages
288 Pages

Dimensions

Item Height
138mm
Item Width
208mm

Additional Product Features

Title_Author
Adam Fergusson
Country/Region of Manufacture
United States

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item 1 Adam Fergusson When Money Dies (Paperback)
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item 2 Adam Fergusson When Money Dies (Paperback) (US IMPORT)
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item 3 When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflat
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4.8

4.8 out of 5 stars based on 9 product ratings

9 product ratings

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4 out of 5 stars
by suetonius20 Jun, 2018
Great explanation of difficult subject
This book provides an excellent - and very easy to understand - explanation of what went wrong in Germany (and the other European Central Powers) following World War I, and of what led to the economic collapses that occurred. Blame is placed squarely where it belongs. And the book provides some warnings that suggest that what happened in Germany in the early 1920's could happen again elsewhere.
Verified purchase: Yes | Condition: New
5 out of 5 stars
by johnbeasley100005 Mar, 2022
important read
a small book about the French revolution 1789 - 1800. Their banking system, money system, and nation went through a period much like the USA is going through. It is an important read.
Verified purchase: Yes | Condition: Pre-owned
5 out of 5 stars
by lostephe-017 Jun, 2022
informative
good book
Verified purchase: Yes | Condition: Pre-owned
5 out of 5 stars
by ajschraut22 Jun, 2022
Does not capture contents completely.
Good book on inflation.
Verified purchase: Yes | Condition: Pre-owned
5 out of 5 stars
by bookmandu04 Mar, 2021
GREAT!
Exactly what I wanted at a great price!
Verified purchase: Yes | Condition: New

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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany by Adam Fergusson (Paperback, 2010)

About this product

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Product Identifiers

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Dimensions

Additional Product Features

All listings for this product

item 1 Adam Fergusson When Money Dies (Paperback)

item 2 Adam Fergusson When Money Dies (Paperback) (US IMPORT)

item 3 When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflat

item 4 NEW When Money Dies By Adam Fergusson Paperback Free Shipping

Ratings and reviews

Most relevant reviews

Great explanation of difficult subject

important read

informative

Does not capture contents completely.

GREAT!

Best Selling in Adult Learning & University

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Taking Charge of Adult ADHD by Christine M. Benton, Russell A. Barkley (Paperback, 2021)

Time Management by Peter Quarry (Paperback, 1986)

Save on Adult Learning & University

Weed Forager's Handbook: A Guide to Edible and Medicinal Weeds in Australia by A

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