Latest / The History of Germany: Kingdoms, War, and Rebuilding Europe — Fexingo History
The Reichsbank: How Germany's Central Bank Fueled Hyperinflation
In this episode, Lucas and Luna explore the role of the Reichsbank in Germany's catastrophic hyperinflation of 1923. They focus on the institution's leadership under Rudolf Havenstein, its legal duty to print money against government debt, and the political pressures that prevented reform. The conversation covers the Banking Act of 1875, the Reichsbank's gold reserve requirements, the role of Reichsbank President Hermann von Dechend, and the fateful decision to abandon the gold mark. They also discuss the Rentenbank and the introduction of the Rentenmark in November 1923 as a…
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