At the end of WW1 Germany was in turmoil...Leaders were coming and going and Governments were not really organised to control the Country..
So the rich and the well off had a great idea......They stopped paying their taxes....
Well Governments have to have money, so they turned to the Printing Presses....
They printed and printed and printed, and kept printing ....
That of course caused massive inflation....It was not long before one thousand Marks was needed to buy what one mark used to buy..
The result of that was ..The money the rich hand well off had became more and more worthless.
Ordinary people saving were wiped out and only the industrialsists were getting rich.....They dealt in the day to day money and foreign currency from exports...,
Well the population suffered dreadfully for a few years until they introduced the (I think it was called the rentenmark?) backed up by putting the whole of the German railway system in hock etc , inflation went down and the people were at last doing well...
Then Came the 1929 crash and off it went again, but this time Hitler was on the scene...
There lies a lesson about inflation and what can happen when a fair share of taxes are not being paid in each Country...
..
So the rich and the well off had a great idea......They stopped paying their taxes....
Well Governments have to have money, so they turned to the Printing Presses....
They printed and printed and printed, and kept printing ....
That of course caused massive inflation....It was not long before one thousand Marks was needed to buy what one mark used to buy..
The result of that was ..The money the rich hand well off had became more and more worthless.
Ordinary people saving were wiped out and only the industrialsists were getting rich.....They dealt in the day to day money and foreign currency from exports...,
Well the population suffered dreadfully for a few years until they introduced the (I think it was called the rentenmark?) backed up by putting the whole of the German railway system in hock etc , inflation went down and the people were at last doing well...
Then Came the 1929 crash and off it went again, but this time Hitler was on the scene...
There lies a lesson about inflation and what can happen when a fair share of taxes are not being paid in each Country...
..
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