Title
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany,New
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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 deficitnecessity or profligacy, unwillingness to tax or blindness to expenditureit 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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- Q: What is the page count of the book? A: The book has two hundred eighty-eight pages. This length provides ample detail on the economic history of Weimar Germany.
- Q: What are the dimensions of the book? A: The book measures five point sixty-three inches by eight point thirty-nine inches and is zero point eighty-eight inches thick. These dimensions make it portable and easy to read.
- Q: What type of binding does the book have? A: The book is paperback bound. This binding style is lightweight and flexible, making it suitable for casual reading.
- Q: Who is the author of the book? A: The author of the book is Adam Fergusson. He provides a detailed account of the economic challenges faced by Germany during the hyperinflation period.
- Q: What genre does the book belong to? A: The book falls under the genre of Economic History. It explores critical economic theories and historical events.
- Q: What themes are covered in the book? A: The book covers themes of deficit spending, currency devaluation, and hyperinflation. These themes highlight the severe economic struggles in Weimar Germany.
- Q: How can I use this book for research? A: You can use this book as a resource for understanding economic crises and historical inflationary periods. It includes detailed analyses and historical context.
- Q: Is this book suitable for beginners in economic studies? A: Yes, the book is suitable for beginners. It presents complex economic concepts in an accessible manner, making it easy to understand.
- Q: What is the reading level of this book? A: The reading level is appropriate for adults and advanced high school students. It provides in-depth analysis without overly complex jargon.
- Q: How should I store the book? A: Store the book in a cool, dry place away from direct sunlight. This helps preserve the integrity of the paperback binding and pages.
- Q: How do I keep the book in good condition? A: To keep the book in good condition, avoid bending the spine and protect it from moisture. Use bookmarks instead of folding pages.
- Q: Is this book safe for children? A: No, this book is not specifically designed for children. It discusses complex economic issues that may not be suitable for younger audiences.
- Q: What should I do if the book arrives damaged? A: If the book arrives damaged, contact customer service for a return or replacement. Most retailers have policies in place for such issues.
- Q: Is there a warranty on the book? A: No, typically books do not come with a warranty. However, check with the retailer for their return and exchange policies.
- Q: Can I find similar books on this topic? A: Yes, there are many books covering economic history and hyperinflation. Look for titles by reputable historians and economists for further reading.