Monday, September 21, 2009

My Summer Reading: Hyper-Inflation in Weimar Germany - Ralph Fucetola - Mises Institute

My Summer Reading: Hyper-Inflation in Weimar Germany - Ralph Fucetola - Mises Institute: "The historical setting for Graham's study tale begins with the end of the First World War. The armistice was engendered by the complete exhaustion of the warring parties. Then came the peace treaty with its assignment of 'guilt' for the war to the Central Powers, and the imposition of heavy reparations. The Allies seized nearly the entire German merchant marine and nearly all the railroad rolling stock. Gold-mark reparations were also imposed."

No comments: