Germany
An Educational Site
Germany - Martin Luther - 1517 95 Theses
Inflation in Germany
Early 1900s
Germany's economy was a shambles after World War I. Uncontrollable inflation reduced the value of the money in a worker's wallet to next to nothing. Before the start of World War I, just over four German Reichmarks were equivalent to one U.S. dollar. At the beginning of 1923, the exchange rate had risen to 18,000 marks per dollar by July it had reached 350,000 marks and by September, a staggering one hundred million marks per dollar.