hyperinflations
Money loses meaning
Hyperinflations is the plural of hyperinflation—episodes of extremely rapid, out-of-control price increases in an economy, typically exceeding 50% per month.
The hyperinflations of Weimar Germany and Zimbabwe destroyed savings and required wheelbarrows of currency for basic purchases.
Each instance is counted separately when comparing historical economic crises.
Rapid devaluation of money
- devaluationLowering of currency worth
- Weimar Germany1919-1933 German republic
- money printingCreating new currency supply
- central bankNational currency management institution
exchange rates · purchasing power · denomination · redenomination · wheelbarrows · banknotes · trillion · quadrillion
Severe lack of resources
- hoardingExcessive accumulation of goods
- barterDirect goods-for-goods exchange
- shortagesInsufficient quantities available
- unemploymentBeing without paid work
emigration · social unrest · political extremism · rationing · queues · starvation · economic devastation · wealth transfer
Germany's 1919-1933 parliamentary government
- interwar period1918 to 1939
- economic collapseCatastrophic failure of finances
- regime changeReplacement of governing power
- war reparationsCompensation from defeated nation
Costs paid by buyers
- annualizedExpressed as yearly rate
- price indexMeasure tracking price changes
- cost of livingPrice of basic necessities
- doubling timeTime to grow twofold
exponential growth · statistics · economic indicators · real wages · price controls · underground economy
currency collapse
Rapid devaluation of money
- devaluationLowering of currency worth
- Weimar Germany1919-1933 German republic
- money printingCreating new currency supply
central bank · exchange rates · purchasing power · denomination · redenomination · wheelbarrows · banknotes · trillion · quadrillion · black market
poverty
Severe lack of resources
- hoardingExcessive accumulation of goods
- barterDirect goods-for-goods exchange
- shortagesInsufficient quantities available
unemployment · emigration · social unrest · political extremism · rationing · queues · starvation · economic devastation · wealth transfer · speculation
Weimar Republic
Germany's 1919-1933 parliamentary government
- interwar period1918 to 1939
- economic collapseCatastrophic failure of finances
- regime changeReplacement of governing power
war reparations · political instability · social upheaval · bread riots
consumer prices
Costs paid by buyers
- annualizedExpressed as yearly rate
- price indexMeasure tracking price changes
- cost of livingPrice of basic necessities
doubling time · exponential growth · statistics · economic indicators · real wages · price controls · underground economy
hyperinflationsprice stability
Consistent general price levels
sound money · economic stability · hard currencies · gold standard