Weimar Republic

Welcome to Financial Collapse Week here at OPOD. We will be looking at pictures throughout history of what happens when currencies and banking systems fail. Today's picture is from 1923, the Weimar Republic in Germany. The economic system collapsed and...



Welcome to Financial Collapse Week here at OPOD. We will be looking at pictures throughout history of what happens when currencies and banking systems fail. Today's picture is from 1923, the Weimar Republic in Germany. The economic system collapsed and led to hyperinflation. The prices rose so quickly that the money became worthless almost faster than it was printed. In the picture above, the person is using a stack of $1 Million German Marks as a scratch pad.