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Books

The Downfall of Money, by Frederick Taylor - review

7 September 2013

9:00 AM

7 September 2013

9:00 AM

The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class Frederick Taylor

Bloomsbury, pp.432, £25

In Germany in 1923 money was losing its value so fast that the state printing works could not keep up. The work had to be contracted out to 130 different printing firms, all churning out marks with the lifespan of mayflies.

Only ten years earlier, the mark had been as good as gold.

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