Think we got it bad? Praise the Lord, we're not here yet:
The Great Depression: 60 percent inflation,
Modern-day Zimbabwe: 231 million percent inflation, just bad news
1920's (post WWI) Germany: Beginning on November 20, 1923, 4.2 Rentenmarks (1,000,000,000,000 Marks) were worth 1 US dollar, exactly the same rate the Mark had in 1914.
Post WW2 Hungary: 12.95 quadrillion percent per month (prices double every 15.6 hrs)- after which all Hungarian currency equaled less than $1/1000 US
Others
2 comments:
Ah! I learned this in Econ! I told you that about Hungary, didn't I? If not, what a coincidnence!
I don't recall you telling me, but it's purty crazy
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