HomePage  |  This day in history  |  Sitemap
Breaking-News >> TodayHistory

On January 31, 1923, Germany experienced severe inflation
On this day 102 years ago, January 31, 1923 (December 15, 1922), there was severe inflation in Germany. Children playing with worthless paper money in the street In 1923, the value of the Deutsche Mark plummeted one after another, and it had reached an uncontrollable level. At the beginning of 1923, the value of the mark reached $2.38, but in the summer of the same year, an American could exchange $7 for 4 billion marks. At the height of the crisis, inflation rose 2,500% per month. Workers' wages were paid twice a day, and by evening the price of a loaf of bread was equal to the value of a house in the morning. A cartoon in the magazine "Clumsy" shows the scene of the "Money Exchange Shelter". In the cartoon, the weak person is Mark, the ruble is lying on the wall, and the peeping person is Franc (see picture below). Cartoons from Clumsy magazine


News raw data sources → https://www.abtool.cn/today_detail/14lv.html

17WorldNews[2025.09.28-06:21] 访问:73
[关闭窗口]  
  ※※相关信息专题※※

§History0131

「Links」 ...
Loading...
Search on site
This day in history
August 2023
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Copyright © 17ljfl.com · World News
The information collected on this site is all from public data information on the Internet, and the authenticity of the query results is for reference only!