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The Downfall of Money - Germany's Hyperinflation and the Destruction of the Middle Class (Paperback)
Loot Price: R435
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The Downfall of Money - Germany's Hyperinflation and the Destruction of the Middle Class (Paperback)
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List price R523
Loot Price R435
Discovery Miles 4 350
You Save R88 (17%)
Expected to ship within 12 - 17 working days
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A timely narrative account of the biggest financial crisis in
modern history and its human consequences by the author of Dresden
and The Berlin Wall. 'Excellent ... This is a dramatic story, well
told' Wall Street Journal Many theorists believed a hundred years
ago, just as they did at the beginning of our twenty-first century,
that the world had reached a state of economic perfection, a never
before seen condition of beneficial human interdependence that
would lead to universal growth and prosperity. And yet the early
years of the Weimar Republic in Germany witnessed the most complete
and terrifying unravelling of a major country's financial system to
have occurred in modern times. The story of the Weimar Republic's
financial crisis has a clear resonance in the second decade of the
twenty-first century, when the world is anxious once more about
what money is, what it means and how we can judge if its value is
true. The Downfall of Money will tell anew the dramatic story of
the hyperinflation that saw the once-solid German mark, worth 4.2
to the dollar in 1914, trading at over four trillion by the autumn
of 1923. It is a trajectory of events uncomfortably relevant for
today's uncertain world. The Downfall of Money will reveal the real
causes of the crisis, what this collapse meant to ordinary people,
and also trace its connection to Germany's subsequent catastrophic
political history. By drawing on a wide range of sources and making
sense for the general reader of the vast amount of specialist
research that has become available in recent decades, it will
provide a timely, fresh and surprising look at this chilling period
in history.
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