@KAPTAINmORGANnWo4eva
Ah yes the most neutral party to mediate a German territorial dispute less than 5 years after WWI was obviously Belgium
@_ArsNova
I appreciate you all actually detailing why the German mark devalued the way it did. Too many programs/textbooks simply say: "Germany lost, war reparations, then hyperinflation" without going into the actual economic mechanics and politics at play.
@gonshocks
So exactly 100 years ago the government, economists, and industrialists were just as stupid as we are today.
@haraldschuster3067
My grandfather used to tell me how they got a quarter of an hour off during payday which was already once per week. They took their envelopes, ran outside where their wifes were waiting and handed them the envelopes. The wifes then immediately spent that money (where money was still accepted) because that money might buy them a bread today and be completely worthless tomorrow. I still own money from that period that has been stamped over multiple times because they could not print money fast enough so they restamped existing notes. Usually with a factor of 10 to 100. Utter madness.
@umjackd
Subtitles and spoken endings are a bit different. "The only history channel betting on Kerenski Rubles" is also a great line!
@Tadicuslegion78
"Trillion dollar coin" Well there goes my....everything
@danreed7889
My wife is German and she has a 5 million Mark bill that is printed on only one side.
@ktipuss
In Germany's former Pacific colonies the Mark went the other way from 1914; it started to appreciate! The problem was the shortage of German Marks there after Allied (i.e. Australian) occupation in September 1914 to meet demand. This prompted the Australian Government to print off thousands of paper Marks to stabilise the currency in the former German colonies. Both the German and Australian Marks were withdrawn by mid 1915 and replaced by British and Australian Pounds. The Australian Marks are extremely rare and valuable nowadays and a set still exists in a museum in Munich.
@maxkronader5225
My maternal grandmother lived during the weimar republic hyperinflationary period. She told stories of how her father (who worked in a small factory) would draw his pay in cash at lunchtime on Friday. The children would line up to receive their share of the paycheck to run off and buy bread, eggs, flour, etc., before the prices rose after lunch.
@jasondecharleroy4161
My grandfather collected stamps here and there and he happened to have quite a few from Germany since that is where his family was from. I saw at least two 5 billion mark stamps in the collection. When teaching inflation to students I bring those up and try to see if they can grasp spending $5 billion to send a letter through the mail.
@geigertec5921
This is a very sad story, especially because of the parallels we can see happening today. Humans never learn.
@Pavlos_Charalambous
Rising beer prices probably is the most German reason to riot for 🍺🍺🍺🍺
@manfredgrieshaber8693
One man had foreseen all this postwar struggles, Ivan Bloch, a polish russian prewar railroad tycoon who had analysed the economic impacts of the wars during the mid of the 19th century in the USA and in Europe. He came to the conclusion that wars between full developed countries are senseless as even the victorious party could only win by overstreching its own ecomonic power so at the end this party would face the same crisis as the defeated party and won't achieve any benefit out of a future war.
@grogery1570
I was once asked why paper money had value while a paper napkin did not. I explained that the money had confidence behind it, confidence that it could be exchanged for some thing, the napkin did not. When you start printing money like napkins it starts to have the same level of confidence, some thing you might blow your nose with but not much else.
@Fortuna_Magica
Still as brilliant and informative a series as it was 7 years ago X-D I'll keep keeping an eye on the series episodes coming out :-D
@duckman12569
'stopped backing their currency with gold' True story: My own government is now refusing to exchange silver for cash money. So there's that.
@avnrulz
100 years later, and here we are all over again.
@SteveMikre44
Every episode Jesse gets better and better. It will not be long until Hollywood notices and makes him the next James Bond...
@jacksone5856
Only a few years off course in our current repetition of the past. The first decade of the 21'st century has been hauntingly familiar.
@TheGreatWar