Tag Archives: INFLATION

Talk About Your High Inflation Rates!

It was reported that Germans used wheelbarrows and laundry baskets to haul money to the store to buy food.

When I was teaching about the causes of World War Two I had to discuss the rampant inflation rate in Germany following World War One. In 1914 the exchange rate between the German mark and the American dollar was roughly 4.2 to 1. According to Wikipedia, nine years later it was 4.2 trillion to 1. I remember telling my students that the mark was weakening so fast that people would pay for a restaurant meal when ordering because if they waited until the meal was finished, the price would have gone up.

Continue reading Talk About Your High Inflation Rates!