Examples of hyperinflation in the 20th Century
HYPERINFLATION in the 20th Century | |
---|---|
Country | Years |
Russia | 1911-1916 |
Germany | 1923 |
Hungary | 1939-1945 |
China | 1946-1948 |
Indonesia | 1959-1965 |
Israel | 1982-1984 |
Brazil | 1984-1994 |
Bolivia | 1985 |
Peru | 1987 |
Poland | 1989-1990 |
Argentina | 1990-1991 |
Peru | 1990-1992 |
Russia | 1992-1995 |
Hyperinflation is typically caused by the government creating too much money.
A Zimbabwean man holds a new five hundred million dollar note in Harare on May 16, 2008. Zimbabwe was grappling with a record 2.2 million percent inflation rate.
Figure 1. This is a 20 million mark note used during Germany’s hyperinflation in 1923. Even with large denomination notes, it was not uncommon to see people carrying large amounts of currency in a wheelbarrow.
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