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

By Adam Ferguson
Recommended by
"When Money Dies" by Adam Ferguson is a gripping account of the hyperinflation that plagued Germany during the early 1920s. This meticulously researched and insightful book paints a vivid picture of the social, economic, and political consequences that ensued as the German mark rapidly devalued.

Ferguson explores the factors that led to this unprecedented economic collapse, delving into the aftermath of World War I and the crippling war reparations imposed on Germany. As the country struggled to meet these demands, the printing presses ran day and night, flooding the economy with an overwhelming amount of paper currency.

The book tracks the rapid decline in purchasing power, as prices skyrocketed and ordinary citizens found their life savings wiped out. Ferguson reveals the desperation and chaos that unfolded, with wheelbarrows full of money needed for even the most basic purchases, and million-mark notes used as kindling for fires.

Covering the personal stories of individuals grappling with hyperinflation, "When Money Dies" examines the devastating impact on all facets of society, from starved pensioners to disillusioned war veterans. The book also sheds light on the rise of extremist movements and the resulting political instability, as the German people sought solutions to their dire economic situation.

With clear and concise prose, Adam Ferguson weaves together historical research and firsthand accounts to create an engrossing narrative. "When Money Dies" serves as a cautionary tale, offering valuable insights into the dangers of unchecked inflation and the far-reaching consequences that affect a nation and its populace. This book is an essential read for anyone interested in understanding the devastating effects of hyperinflation and the fragility of monetary systems.
Share This Book 📚