World War I

Explore the causes and effects of hyperinflation in Europe during World War I and its lasting impact on economies.

Explore the causes, effects, and lasting impact of Germany's hyperinflation on society during 1923.

Learn about the 1923 German hyperinflation caused by domestic and international factors, including weak tax systems, public spending, reparations, and occupation.

Explore Germany's devastating economic crisis after WWI, caused by hyperinflation, state bankruptcy, and harsh reparations.

Discover how World War I governments used war bonds and central banks to finance their activities, with a focus on Germany's unique experiences and consequences.

War Finance and Hyperinflation during World War I: Causes, Consequences, and Lessons Learned

Explore the historical phenomenon of rentiers in 19th-century Europe who accumulated wealth through government bonds.