German Weimar Republic in the early 1920s and the U.S. - Troubling similarities
There's a possibility of something similar (but not as severe) happening in the U.S. - we'd rather at least mention it than not.
The parallel to the German war reparations is the derivatives area today.
Don't shoot the messenger, we didn't invent the facts below.
|Year||German Weimar Republic||United States||Year|
|November 14, 1923||?|
|November 15, 1923 & beyond||?|
Many charts from Weimar Germany here.
Note: Some of the statements above have been made in a general and somewhat imprecise way in order to make a cleaner and simpler comparison.
The source of most of the data is: "The Economics of Inflation (Routledge Library Editions-Economics, 84)" by Constantino Bresciani-Turroni (427 pages, Routledge, reprint edition, October 1, 2003, first published 1937) Available at Amazon here.
Here is another article covering the Wiemar period from 1924.
Hypereinflation in China 1937-1949, a similar picture but from China