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1923: How Germans Burned Money Instead of Wood

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In 1923, Germany's money lost its value so fast that at the peak, prices doubled roughly every four days. This is the true story of the Weimar hyperinflation: how a modern economy lost its currency, who paid the price, and how it was finally stopped. After World War I, Germany carried huge war debts and a reparations bill set at 132 billion gold marks. When France and Belgium occupied the Ruhr in January 1923, the government paid striking workers by printing money on a massive scale. Workers were paid twice a day, cash was carried in wheelbarrows, and a loaf of bread went from around 250 marks in January to around 200 billion by November. Savers and pensioners were wiped out, while people with debts saw them melt away. This documentary traces how hyperinflation happened, who paid the price, and why the Rentenmark helped end it. It also asks what the story still teaches us about money, trust, and government spending. 00:00 Money that burned like wood 00:25 Before the crash 02:00 The government starts printing 03:45 The Ruhr occupation 05:15 Life in hyperinflation 07:15 Winners and losers 08:30 The fix: the Rentenmark 09:30 Why this still matters Watch next: 2018: How Hyperinflation Killed Venezuela's Bolívar [https://youtu.be/TrxH9YETjoY] Further reading: "When Money Dies" by Adam Fergusson; "The Monetary Dynamics of Hyperinflation" by Phillip Cagan; "The Downfall of Money" by Frederick Taylor; Encyclopaedia Britannica, "Weimar Republic". Figures differ slightly between sources, so numbers here are approximate. Credits: Visuals are AI-generated illustrations and public-domain archival images. Music is royalty-free. Some well-known stories, such as Germans burning banknotes for heat, are widely reported anecdotes and are described as such. Disclaimer: This video is for education and entertainment only. It is not financial, investment, or legal advice. Subscribe to Nation Ledger for the hidden history of money, one collapse at a time. #NationLedger #MoneyHistory #history #documentary #EconomicHistory #Hyperinflation #Weimar #Germany #inflation

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