From 1922-1923 the German people suffered under the torture of hyperinflation. The snippets below help the reader to begin to understand the hell the average German citizen experienced:
- In September 1922, a loaf of bread cost 163 marks. One year later in September of 1923, this figure had reached 1,500,000 marks. A few months later at the peak of hyperinflation, November 1923, a loaf of bread eventually cost an inconceivable 200,000,000,000 marks!
- People were paid by the hour and rushed to pass money to loved ones who hurriedly bought whatever they could before the paper notes lost their purchasing power.
- People had to shop with wheel barrows full of money.
- Bartering became common - exchanging something for something else but not accepting money for it. Bartering had been common in Medieval times!
- Pensioners on fixed incomes suffered and starved.
- Restaurants did not print menus as by the time food arrived…the price had gone up!
- The poor became even poorer, and by the winter of 1923 meant many lived in freezing conditions, burning their meager furniture for heat.
- The very rich suffered least because they had sufficient contacts to get food, etc. Most of the very rich were land owners and could produce food on their own estates.
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