The Great Depression and Hyperinflation

when prices increase rapidly as a currency loses its value.

GDP

Unemployment rate in the US 1910-1960.

A family in Brighton, England, during the Depression.

Bank Run

Horse pulling a car.

InflationInflation is a rise in prices of goods & services in an economy over a period of time.

(When prices rise, each unit of currency buys fewer goods & services, so it is a decrease in the purchasing power of money.)

Hyperinflation

when prices increase rapidly as a currency loses its value.

German Children Playing With Money

Woman Burning Paper Money for Heat

Recent Inflation in Zimbabwe

Annual inflation

rate:89.7 x 1021

%

Zimbabwe Paper Money Used as Toilet Paper

$100 Million

$100 Trillion

List of countries which experienced

hyperinflationAngola 1991-1995Argentina 1975-1991Austria 1921-1922Belarus 1994-2002Bolivia 1984-1986Bosnia-Herzegovina 1992-1993Brazil 1986-1994Bulgaria 1996Chile 1971-1973China 1948-1949Free City of Danzig 1922-1923Georgia 1993-1995Germany 1922-1923Greece 1942-1944Hungary 1945-1946Israel 1970-1971Japan 1948-1951

Krajina 1992-1993Madagascar 2004-2005Mozambique 1977-1992Nicaragua 1987-1990Peru 1988-1990Philippines 1942-1944Poland 1989-1991Romania 1998-2005Russia 1921-1922 and 1992-1999Turkey 1990-1995Ukraine 1993-1995United States 1861-1865Yugoslavia 1989-1994Zaire 1989-1996Zimbabwe 2004-2009