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German Inflation Currency
Published online by Cambridge University Press: 24 July 2012
Extract
There is an old saying that “every cloud has a silver lining,” but no doubt it must have been difficult for German business men to see any ray of hope during the dark years succeeding the war when the mark plunged down on the exchange until it was practically worthless. In fact, never in the history of the world has a currency depreciated to such a degree.
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- Copyright © The President and Fellows of Harvard College 1931