Hyperinflation - Germany 1923
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A teaching resource to support an explantion of the economic process of inflation; how the Weimar Government reacted and how it contributed to the Year of Crisis 1923
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history homework sorted
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this is so helpful! im trying to create a 5 min vid for IB Euro but cldn't find precise enough info
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I have my macroeconomics exam a few weeks later, and if i get the question "Write short note"...i m sure now i can score full marks on that question by writing this as example :D
Nice video!
Also, at the end you left at how they dealt with situation. Afaik, german govt. introduced new currency. You should have included it. -
we watched this in our history class!
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I watched this in my macroeconomics class
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This video is only true for the specific case of Germany. Today, gold is not very important to most central banks, and inflation can be controlled with interest rate adjustments
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awful music
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What is the name of the first song, I'd like to use it for a school presentation?
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Isn't this where America is headed now???? Thank you Obama.
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What I do not get it is that if you had a 50 billion Deutsch mark during the days of hyper inflation. Why not keep the 50 billion Deutsch mark so when things go back to normal you suddenly have 50 billion marks and can buy companies, and such.
Just do not spend some money for one day. Save it for when things go back to normal and then boom! You become the richest person in the world overnight. -
Thank you for helping me understand my German class :)
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The FED is following in the same "foot steps" like Weimar Germany- INDEED history will repeat itself.
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Same Jews causing the Same hyperinflation .Only problem is america if so divided they will not deal with the jewish problem
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"king" Obama?...
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at 3:52 the children weren't playing with the money, they were showing how many Marks were equivalent to 1 US Dollar
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A 100 millionen Mark was worthless but now it is worth anywhere from $20-$40 USD on Ebay and other purchase sites. It took $3 billion marks to buy a loaf of bread toward the end of the hyperinflation period.
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Recap: 1. Government takes money from business owners or what we call "the rich" with the understanding that if they don't the government will confiscate all there wealth and send them to Jail. 2. Businesses owners or "the rich" scramble to find the money to pay the government. 3. They find that the only way to get the money to pay the government without going bankrupt is to raze the prices on the goods and services they sell or lay off the people that work for them.
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Turn your speakers up and watch this (disco ball and pet shop boy moves optional). The risk of extreme outcomes like hyperinflation to the endless rounds of money "printing" by our US Federal Reserve may seem remote, but to discount the risk altogether is foolish.
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This is what king obama wants to create for the U.S. Got ur gun yet?
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The inflation machine has it sights set on the U.S.A. Those of us who cry foul are called conspiracy theorists and written off. Clearly in the U.S the sheep are the majority. In my lifetime, I can attest to the "dumbing down" & "fattening up" of Americans.
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