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<p>[QUOTE="chrisild, post: 2900748, member: 39"]It's the old story - winning a war (militarily) is relatively easy, but "winning" a stable peace afterwards is tough. The spiral of reparations, occupation of the Ruhr area, and the German government's decision to print more money in order to comply with those demands, made things much worse. Anyway, yes, those who had Mark amounts in their bank accounts, or were paid in Mark, definitely lost a lot. Those who had precious metals, real estate or maybe farmland, were somewhat better off.</p><p><br /></p><p>Interestingly, some definitely profited from the situation. Hugo Stinnes for example built an industrial conglomerate mostly based on credits: Money that he could very comfortably pay back during the hyperinflation ...</p><p><br /></p><p>There is an amusing story, obviously not from somebody who really suffered in those years, about a traveler from outside Germany who sits down in a café in Berlin, orders a coffee for 1,000 marks, reads a book, looks at the people ... and after a while orders a second cup. When he wants to leave and asks for the bill, the waiter says, that would be 3,000 marks. Nah, I had only two cups, the tourist says. Sorry, Sir, replies the waiter, the price went up from 1,000 to 2,000 between your two orders.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 2900748, member: 39"]It's the old story - winning a war (militarily) is relatively easy, but "winning" a stable peace afterwards is tough. The spiral of reparations, occupation of the Ruhr area, and the German government's decision to print more money in order to comply with those demands, made things much worse. Anyway, yes, those who had Mark amounts in their bank accounts, or were paid in Mark, definitely lost a lot. Those who had precious metals, real estate or maybe farmland, were somewhat better off. Interestingly, some definitely profited from the situation. Hugo Stinnes for example built an industrial conglomerate mostly based on credits: Money that he could very comfortably pay back during the hyperinflation ... There is an amusing story, obviously not from somebody who really suffered in those years, about a traveler from outside Germany who sits down in a café in Berlin, orders a coffee for 1,000 marks, reads a book, looks at the people ... and after a while orders a second cup. When he wants to leave and asks for the bill, the waiter says, that would be 3,000 marks. Nah, I had only two cups, the tourist says. Sorry, Sir, replies the waiter, the price went up from 1,000 to 2,000 between your two orders. Christian[/QUOTE]
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