Before we get to today’s question, just a reminder:
The quiz at SWIM 2008, organised by the Great Lakes Institute fof Management happens today in Chennai. Teams of upto 3 members each, with at least one lady mandatory. It will be a general quiz with a tilt towards women. Interested teams, please land up at the venue by 01:45 p.m.
Time: 02:00 p.m (prelims) and 03:00 p.m (finals)
Venue: Hotel Green Park, Vadapalani, Chennai
Hyperinflation in Germany, 1921-23. The woman is burning banknotes because it was cheaper than buying firewood.
Cracked by 17 of you! In order – Arjun Rangarajan, Mc Neill Ivan S, Thejaswi Udupa, zizzyphus, shabhar, ganesh, Rajagopal, li’l_boy-fat_man, Thomas Masun, Mouli, Venkatesh S (Venky), Srinivasan Rajagopal, anil raghavan, malcaluffin, Rajiv Rai, Wasi Manazir, and Vinay Nair.
That was easy. Weimar Germany in the early 20s. The inflation was so high that burning money was cheaper than buying firewood. Might soon happen in Zimbabwe…
German Marks (Currency) being burnt During World War due to high inflation ??
Hyperinflation in Germany – burning money cheaper than burning firewood – therefore…
Inflation in 1923 Weimar republic.A woman seen burning a stove with German Papiermark
Effects of Hyperinflation
Hyperinflation ,a woman is seen burning a stove with German currency in Weimar Republic in 1923.
Hyperinflation in Weimar Republic in 1923.
The picture shows a lady burning currency in post WW1 hyper-inflation Germany, because it was cheaper than buying and burning wood.
German Inflation -1920’s- burning money cheaper than burning firewood funda…
This is some random lady burning Reichsmarks in the interbellum period in Germany. Inflation had reached such dizzying levels that it was cheaper to burn the money itself than to use it to pay for fuel.
Apparently in the Weimar Republic times in Germany it was cheaper to buy currency notes than firewood.
Hyperinflation in Germany during the time of the Weimar Republic in the 1920s. Apparently, burning money was cheaper than burning firewood.
What : A German woman feeding a stove with Papiermarks, which burned longer than the amount of firewood people could buy with them.
Why : Hyperinflation
When : 1923 Weimar Republic inflation:
a german woman feeding papiermarks to the stove durind hyperinflation of 1923.the currency will give more heat than the wood which can be bought with it
inflation in germany during the time of the weimar republic in the 1920’s made money cheaper than firewood…
is it an omen for india?
hyperinflation in weimar republic causing wheel barrows of notes for a loaf of bread
German lady burning their currency (Mark), as they were rendered useless due to hyperinflation.
This is a picture of a German woman burning currency notes during a heightened state of inflation . Popularly known as hyper-inflation.
Comments are closed.