Examples of hyperinflation in the 20th Century
HYPERINFLATION in the 20th Century
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.