A photo of hyperinflation in Germany, 1923

children next to a tower of 100,000 marks, 1923

“‘My father was a lawyer,’ says Walter Levy, an internationally known German-born oil consultant in New York, ‘and he had taken out an insurance policy in 1903, and every month he had made the payments faithfully. It was a 20-year policy, and when it came due, he cashed it in and bought a single loaf of bread.'”

“In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper.”

Note: photo is of children standing next to a tower of 100,000 marks, 1923.

Sources: http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html, https://rarehistoricalphotos.com/hyperinflation-weimar-republic-1922/