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71155025
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany, Paperback
Item #:
71155025
MVR 435
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Germany in 1923 provides a vivid, compelling, sobering moral tale.
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What Stands Out
In-depth Analysis
Explore the intricate dynamics of Weimar Germany’s economy, showcasing how deficit spending led to catastrophic hyperinflation, enhancing reader understanding of historical financial crises.
Historical Context
Provides a comprehensive background on post-WWI Germany, offering insights into political and economic conditions that precipitated financial collapse, making it essential for history and economics enthusiasts.
Lessons for Today
Draws parallels between Weimar's plight and contemporary financial issues, equipping readers with critical insights into potential pitfalls of modern economic policies and their consequences.
Product Details
- When Money Dies is a classic history book that explores the nightmare of deficit spending, devaluation, and hyperinflation in Weimar Germany.
- The book was originally published in 1975 by William Kimber.
- It provides a vivid and compelling account of what happens when a nation's currency depreciates beyond recovery.
- In 1923, the German republic experienced a barter economy as its currency became effectively worthless.
- Expensive items like cigars and artworks were exchanged for basic necessities like bread.
- The financial chaos in Germany led to severe social unrest and the loss of life savings.
| Book format | Paperback |
| Fiction/nonfiction | Non-Fiction |
| Genre | Business & Investing |
| Publication date | October, 2010 |
| Pages | 288 |
| Reading level | Preschool |
| Subgenre | Finance |
| Series title | No Series |
| Number in series | 1 |
| Edition | 1 |
| Publisher | PublicAffairs |
| Original languages | English Language |
| Translator | No Translator info |
| Translated from | No Translated Form |
| Language | English |
| Edu focus | Solar System & Astronomy |
| Educational level | High School |
| Awards won | No Awards Won in the past |
| Is collectible | N |
| Occasion | NO SPECIAL OCCASSION |
| Character group | No Character Group |
| Illustrator | No Illustrator Information |
| Editor | No editor info found |
| Binding type | Perfect Binding |
| Digital file format | No Digital File Format |
| Digital reader format | NO DIGITIAL READER FORMAT |
| Digital audio file format | No Digital Audio Format |
| Narrator | No Narrator Info Found |
| Recording time | 0 min |
| Number of discs | 1 |
| Retail packaging | Single Piece |
| Assembled product dimensions (l x w x h) | 5.40 x 0.90 x 8.20 in (13.7 x 2.3 x 20.8 cm) |
| Assembled product weight | 0.65 lb (290 grams) |
| Sport | No Sport Information |
| Bisac subject heading | Business & Economics |
Who Should Buy?
-
Economics Students
Students studying economics will benefit from understanding historical hyperinflation and its impacts on economies and societies.
-
History Enthusiasts
Those interested in history will gain insights into the Weimar Republic's economic challenges and their historical context.
-
Financial Analysts
Financial professionals can draw parallels between past and present economic crises, enhancing their strategic decision-making capabilities.
-
General Readers
Casual readers might find the subject matter too complex and the writing style less engaging or too academic.
-
Quick Learners
Readers looking for a brief overview or quick tips might find the detailed analysis overwhelming and time-consuming.
-
Fiction Lovers
Those who prefer fictional narratives may not appreciate the non-fiction and historical analysis presented in this book.
Product Description
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany, Paperback
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Customer Questions & Answers
-
Question:
What are some examples of the drastic effects of hyperinflation mentioned in the book?
Answer: Expensive items like cigars, artworks, and jewels were exchanged for basic staples; a cinema ticket could be bought for a lump of coal. -
Question:
What is the relevance of the historical events to modern economic policies?
Answer: The book draws parallels with modern quantitative easing and deficit financing, warning about the potential consequences. -
Question:
What is the main takeaway from the book?
Answer: The book serves as a cautionary tale about the dangers of unchecked hyperinflation and the importance of maintaining monetary discipline.
Adam Fergusson Ages 3-5 Kids' Books Editorial Review
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Pros
- Engaging and informative read
- In-depth historical analysis
- Easily understandable concepts
- Relatable to current economics
- Thought-provoking insights
Cons
- Some may find it a bit dense.
Product Price History
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MVR 435
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Features & Benefits
- Classic history of a nation's currency depreciating beyond recovery
- Describes the drastic effects of hyperinflation on society and economy
- Highlights the consequences of deficit financing and lack of monetary discipline
- Draws parallels between historical events and modern economic policies
- Serves as a cautionary tale for potential future economic crises