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When Money Dies : The Nightmare of Deficit Spending… Adam Fergusson

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Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
Publication Name
PublicAffairs
Special Attributes
EX-LIBRARY
ISBN
9781586489946
Book Title
When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
Item Length
8.4in
Publisher
Public Affairs
Publication Year
2010
Format
Trade Paperback
Language
English
Item Height
0.9in
Author
Adam Fergusson
Genre
Business & Economics, History
Topic
Economic History, Europe / Germany, Social History
Item Width
5.6in
Item Weight
9.3 Oz
Number of Pages
288 Pages

About this product

Product Information

When Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, "quantitative easing," that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit -- necessity or profligacy, unwillingness to tax or blindness to expenditure -- it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

Product Identifiers

Publisher
Public Affairs
ISBN-10
1586489941
ISBN-13
9781586489946
eBay Product ID (ePID)
102915897

Product Key Features

Book Title
When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
Author
Adam Fergusson
Format
Trade Paperback
Language
English
Topic
Economic History, Europe / Germany, Social History
Publication Year
2010
Genre
Business & Economics, History
Number of Pages
288 Pages

Dimensions

Item Length
8.4in
Item Height
0.9in
Item Width
5.6in
Item Weight
9.3 Oz

Additional Product Features

Reviews
"Daily Express" (London) "Engrossing and sobering." Allen Mattich, "Wall Street Journal," October 1, 2010 "One of the most blood chilling economics books I've ever read." "Wall Street Journal," January 30, 2011 "Every body ought to read this book. But baby boomers must." "The Guardian" "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation.", Daily Express (London) "Engrossing and sobering." Allen Mattich, Wall Street Journal , October 1, 2010 "One of the most blood chilling economics books I've ever read." Wall Street Journal , January 30, 2011 "Every body ought to read this book. But baby boomers must." The Guardian "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation."
Lccn
2010-934662
Dewey Decimal
330.943085
Intended Audience
Trade
Dewey Edition
22
Illustrated
Yes

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Most relevant reviews

  • Great explanation of difficult subject

    This book provides an excellent - and very easy to understand - explanation of what went wrong in Germany (and the other European Central Powers) following World War I, and of what led to the economic collapses that occurred. Blame is placed squarely where it belongs. And the book provides some warnings that suggest that what happened in Germany in the early 1920's could happen again elsewhere.

    Verified purchase: YesCondition: NewSold by: 1obmaz

  • important read

    a small book about the French revolution 1789 - 1800. Their banking system, money system, and nation went through a period much like the USA is going through. It is an important read.

    Verified purchase: YesCondition: Pre-OwnedSold by: ambrosia1

  • informative

    good book

    Verified purchase: YesCondition: Pre-OwnedSold by: mcstreasures

  • Does not capture contents completely.

    Good book on inflation.

    Verified purchase: YesCondition: Pre-OwnedSold by: second.sale

  • GREAT!

    Exactly what I wanted at a great price!

    Verified purchase: YesCondition: NewSold by: nightowlbooksandart