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World Service,17 Jul 1999,4 mins

Germany's Hyperinflation

My Century

Available for over a year

Herbert Rees and Marion Gerver were children living in Germany after World War I. By 1923, five years after the war, paying the heavy debt of reparations to the victorious allies meant that inflation was escalating out of control. Herbert saw a football he wanted to buy in the morning and "By the time I went back, it cost 5000 marks instead of 4000 marks... so I didn't have enough money to buy the football."

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