---
product_id: 13293811
title: "The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class Paperback – March 3, 2015"
brand: "frederick taylor"
price: "55662 Ft"
currency: HUF
in_stock: true
reviews_count: 12
url: https://www.desertcart.hu/products/13293811-the-downfall-of-money-germany-s-hyperinflation-and-the-destruction
store_origin: HU
region: Hungary
---

# The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class Paperback – March 3, 2015

**Brand:** frederick taylor
**Price:** 55662 Ft
**Availability:** ✅ In Stock

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- **What is this?** The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class Paperback – March 3, 2015 by frederick taylor
- **How much does it cost?** 55662 Ft with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.hu](https://www.desertcart.hu/products/13293811-the-downfall-of-money-germany-s-hyperinflation-and-the-destruction)

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- frederick taylor enthusiasts

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## Customer Reviews

### ⭐⭐ 







  
  
    Book is about the war, not economics
  

*by R***E on Reviewed in the United States on November 16, 2018*

Purchased this book expecting to understand the underlying conditions and economics that led to the infamous hyperinflation of Weimar Germany. Through ~125-150 pages there was nothing but politics and history of the WWI. If this is what I wanted, I would have bought a WWI book instead. Stopped reading around 125-150 pages.

### ⭐⭐⭐⭐ 







  
  
    A History of Weimar Through the Lens of Money
  

*by D***N on Reviewed in the United States on March 8, 2014*

Frederick Taylor is a historian, not an economist. In "The Downfall of Money" he writes a history of Germany from 1914 to 1925 through the lens of the great inflation that befell that country. For example the German Mark falls from 4.2 to the dollar in August 1914 to nearly 7 trillion to the dollar by the end of 1923. He tells the story of how an ordinary wartime inflation which occurred in all of the major combatants turned into a hyperinflation in the postwar era as Germany was weighed down by reparations payments along with  a social democratic imperative to fund the welfare state.He tells the story as to how the inflation impacted various stratas of society with big winners and big losers. The losers were well represented in the German middle-class who patriotically bought war bonds that were to become worthless and for many of them their wages failed to keep up with the inflation. The winners were farmers who held real assets and saw their debts erased by inflation along with the great industrialists who witnessed a stock market boom and the elimination of corporate indebtedness. By the end of the inflation the entire domestic debt of Germany was eliminated. To be sure the external debt was enormous.Along the way we witness the rise of the Freikorps, the killing of Rosa Luxemburg and Karl Liebknecht and the assasination of Walter Rathenau, a Jewish industrialist who served as foreign minister. There is also a cameo appearance of a demobilized corporal who would one day rule all of Germany.Harris certainly has a feel for the history of the period. However, I only wish he would have integrated charts and tables in the text in order to get a better understanding of what was going on in the macroeconomy. Further he should have spent more time discussing the stabilization program that came in 1924 that broke the inflation and of its consequences. Nevertheless the book is well worth the read.

### ⭐⭐⭐⭐⭐ 







  
  
    German 1923, Argentina 2014
  

*by W***R on Reviewed in the United States on January 24, 2014*

This is an absolutely excellent book on inflation.  The author starts with the fact that the Germans did not pay for the war with more taxes (which the US did mostly during WWII).  It just printed money.  This meant inflation, but it wasn't crippling.  After the War, the Germans were in chaos with an attempted Communist takeover which was defeated followed by an attempted right wing takeover which was defeated by the SPD organized general strike.  The SPD lead the government and was generous with social benefits even if it did not have the money to pay them.  This meant more inflation.  Now it was getting bad.  But the clincher was the French/Belgian occupation of the Ruhr and the Ruhr workers going out on strike.  The Weimar government continued to pay them.  Nice sentiment, but you can't pay people and get no economic work in return.  The result was the horrendous 1923 inflation which totally destroyed the German currency and Middle Class savings.  One would think we would learn from this historical experience.  But Argentina hasn't.  It is going down the same inflationary path (without a war to blame it on).  The Argentine Peso was 1 to 1 with the Dollar in 2000.  It is 12 to the Dollar in Jan 2014......and worse is to come.  These two case histories (Germany 1914-1923, Argentina 2000-2014) should be taught in every university economics curriculum.  I hope that Frederick Taylor is writing a book about Argentina.

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*Store origin: HU*
*Last updated: 2026-02-28*