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Germany's Hyperinflation
Herbert Rees and Marion Gerver on how costs spiralled out of control after World War I
Herbert Rees and Marion Gerver were children living in Germany after World War I. By 1923, five years after the war, paying the heavy debt of reparations to the victorious allies meant that inflation was escalating out of control.
Herbert saw a football he wanted to buy in the morning and "By the time I went back, it cost 5000 marks instead of 4000 marks... so I didn't have enough money to buy the football."
