Abbey's Bookshop Logo
Go to my checkout basket
Login to Abbey's Bookshop
Register with Abbey's Bookshop
facebook
When Money Dies: The Nightmare of the Weimar Hyper-inflation

When Money Dies: The Nightmare of the Weimar Hyper-inflation

Adam Fergusson

9781921844478

Scribe Publications


Economics & Business; Financial crises & disasters; Economic history

Paperback

288 pages

$29.95  $26.95

In stock
ready to ship
order qty:  
Add this item to my basket

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 Weimar 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. In desperation, the Bavarian Prime Minister submitted a Bill to the Reichsrat proposing that gluttony be made a penal offence - his exact definition of a glutton being 'one who habitually devotes himself to the pleasures of the table to such a degree that he might arouse discontent in view of the distressful condition of the population'. Since its first publication in 1975, When Money Dies has become the classic history of these bizarre and frightening times. Weaving elegant analysis with a wealth of eyewitness accounts by ordinary people struggling to survive, it deals above all with the human side of inflation: why governments resort to it, the dismal, corruptive pestilence it visits on their citizens, the agonies of recovery, and the dark, long-term legacy. And at a time of acute economic strain, it provides an urgent warning against the addictive dangers of printing money - shorthand for deficit financing - as a soft option for governments faced with growing unrest and unemployment.

By:   Adam Fergusson
Imprint:   Scribe Publications
Country of Publication:   Australia
Dimensions:   Height: 210mm,  Width: 210mm,  Spine: 135mm
ISBN:  

9781921844478


ISBN 10:   1921844477
Pages:   288
Publication Date:   October 2011
Audience:   General/trade ,  College/higher education ,  ELT Advanced ,  Primary
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock at Abbey's Bookshop
This is in stock in our store and available now.

Your cart does not contain any items.