Latest / The History of Germany: Kingdoms, War, and Rebuilding Europe — Fexingo History
The Reichsbank: Germany's Gold and Hyperinflation Nightmare
In Episode 97 of The History of Germany, Lucas and Luna delve into the tumultuous story of the Reichsbank, from its founding in 1876 to its role in the hyperinflation crisis of 1923. They explore how the bank's policies, under figures like Hjalmar Schacht, shaped Germany's economic destiny, and how the gold-backed currency gave way to the Papiermark, leading to wheelbarrows full of cash for a loaf of bread. The episode covers the Dawes Plan, the Rentenmark reform, and the lasting trauma of inflation on German society. Lucas explains the mechanics of hyperinflation in clear terms…
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