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When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany by Adam Fergusson (2010, Trade Paperback)
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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany (Paperback or Softback). ISBN: 9781586489946. Your source for quality books at reduced prices. Condition Guide.
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About this product
Product Identifiers
PublisherPublic Affairs
ISBN-101586489941
ISBN-139781586489946
eBay Product ID (ePID)102915897
Product Key Features
Book TitleWhen Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
Number of Pages288 Pages
LanguageEnglish
TopicEconomic History, Europe / Germany, Social History
Publication Year2010
IllustratorYes
GenreBusiness & Economics, History
AuthorAdam Fergusson
FormatTrade Paperback
Dimensions
Item Height0.9 in
Item Weight8.8 Oz
Item Length8.4 in
Item Width5.6 in
Additional Product Features
Intended AudienceTrade
LCCN2010-934662
Reviews"Daily Express" (London) "Engrossing and sobering." Allen Mattich, "Wall Street Journal," October 1, 2010 "One of the most blood chilling economics books I've ever read." "Wall Street Journal," January 30, 2011 "Every body ought to read this book. But baby boomers must." "The Guardian" "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation.", Daily Express (London) "Engrossing and sobering." Allen Mattich, Wall Street Journal , October 1, 2010 "One of the most blood chilling economics books I've ever read." Wall Street Journal , January 30, 2011 "Every body ought to read this book. But baby boomers must." The Guardian "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation."
Dewey Edition22
Dewey Decimal330.943085
SynopsisWhen Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery. 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 German 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. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, "quantitative easing," that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit--necessity or profligacy, unwillingness to tax or blindness to expenditure--it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale., The classic history of the political and economic devastation wrought by runaway inflation in Weimar Germany--" brilliant" ( Guardian ) 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 German 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. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, "quantitative easing," that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit-- necessity or profligacy, unwillingness to tax or blindness to expenditure--it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.
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Ratings and reviews
Most relevant reviews
- 20 Jun, 2018
Great explanation of difficult subject
This book provides an excellent - and very easy to understand - explanation of what went wrong in Germany (and the other European Central Powers) following World War I, and of what led to the economic collapses that occurred. Blame is placed squarely where it belongs. And the book provides some warnings that suggest that what happened in Germany in the early 1920's could happen again elsewhere.Verified purchase: YesCondition: New
- 05 Mar, 2022
important read
a small book about the French revolution 1789 - 1800. Their banking system, money system, and nation went through a period much like the USA is going through. It is an important read.Verified purchase: YesCondition: Pre-owned
- 17 Jun, 2022
informative
good bookVerified purchase: YesCondition: Pre-owned
- 22 Jun, 2022
Does not capture contents completely.
Good book on inflation.Verified purchase: YesCondition: Pre-owned
- 03 Mar, 2021
GREAT!
Exactly what I wanted at a great price!Verified purchase: YesCondition: New
- 27 Apr, 2021
General
History of economic collapse.Verified purchase: YesCondition: Pre-owned
- 21 Jun, 2020
Relevant conten!!!
Thank you!!!Verified purchase: YesCondition: Pre-owned
- 19 Jan, 2023
*****
*****greatVerified purchase: YesCondition: Pre-owned
