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Hyperinflation affected the German Papiermark, the currency of the
Weimar Republic, between 1921 and 1923.It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace.
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When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. In 1923
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hyperinflation. One reason for such actions is that often the alternative to
hyperinflation is either depression or military defeat. The root cause is a matter of more dispute.
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Germany, and Part 3 of the Imran Firasat interview.
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