pupose of this thread is to see how germans adjusted to hyperinflation. http://www.ingrimayne.com/econ/EconomicCatastrophe/HyperInflation.html Review Question Explore Next A Case of Inflation In the early 1920s Germany experienced one of the most severe inflations of all time.1 The inflation was not apparent in 1920, but began showing up in 1921. Thereafter it got steadily worse until it came to an abrupt halt at the end of 1923. At its worst in the second half of 1923, prices rose more than fivefold each week. Some idea of the magnitude of this catastrophe can be seen in table below. During 1920 and early in 1921 the signs of inflation were mixed. The price of food was increasing, but the price of dollars in terms of marks (the mark was the name of the German currency) was dropping, and so were the prices of products bought from the United States. However, the signs of inflation were unmistakable in the next year, from mid 1921 to mid 1922. In this period prices increased about sixfold--that is, it took six marks at the end of the period to buy what one mark would have bought at the beginning. But this rapid inflation, greater than any yearly inflation in the history of the United States, was only a prelude for what was to happen. MEASURES OF GERMANY HYPERINFLATION Percentage Change in Various Measures of Inflation Dates Internal Prices Price of Dollars Cost of Living* Feb 1920 to May 1921 4.6% -37.2% 39.2% May 1921 to July 1922 634.6% 692.2% 417.9% July 1922 to June 1923 18094% 22201% 13573% July 1923 to Nov 20 1923 854,000,000,000% 381,700,000,000% 560,000,000,000% *food until June 1923, thereafter based on all items. These data were calculated by the Statistical Bureau of the Reich. All data are from The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany by Costantino Bresciani-Turroni (Augustus Kelley), pp. 30, 33, 35-6. From the middle of 1922 until the middle of 1923, prices increased by over 100 times. Measured by the price of food, prices were 135 times higher at the end of the period than they were at the beginning. Measured by how many marks it took to buy a dollar, prices were 222 times higher. Yet even this horrid inflation was mild compared to what happened from July to November of 1923, when prices increased by somewhere between a million and a billion times their previous level.