The Russian hyper inflation after 1991 was also pretty bad. As late as 1997, Russians were happy to keep inflation rate under 7% a month.
The Weimar situation was an extreme exception
It happened because Germany lost the World War I and was forced to pay huge indemnities. To make matter worse, the French occupied Germany's industrial heart, the Ruhr Region. Germans carried out passive resistance and stopped producing anything for the French, while the Government agreed to pay all the workers in the Ruhr Region. The consequence was a huge supply of paper money and an acute shortage of goods. From that point on, inflation took off.
The Russian hyper inflation after 1991 was also pretty bad. As late as 1997, Russians were happy to keep inflation rate under 7% a month.
The Russian hyper inflation after 1991 was also pretty bad. As late as 1997, Russians were happy to keep inflation rate under 7% a month.
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yes, and one of important reasons to make their case worse:
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12/03/2006 postreply
19:56:05