After the start of the Russian invasion of Ukraine, the economic crisis in Europe marked a rapid growth. The ban on the export of agricultural crops from Russia and Ukraine caused the prices of products in Europe to double and triple.
Everyone says that there is a crisis, from experts to citizens. But this is nothing compared to what Germany experienced a few years after the First World War, according to the archive files of the BBC-'s.
Germany found it impossible to pay the costs and damages of the war. Economic crisis and inflation was inevitable.
The German mark was hit hard, causing considerable volatility.
Workers going on strike over non-payment plunged the country into deep crisis, forcing the government to print currency notes endlessly. This caused a flood of money, as the more it was printed, the more prices rose.
At one point, it cost more to print a note than it was worth.
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Inflation decreases, but prices rise in Germany
Inflation was so great that a loaf of bread, which in January 1923 cost 250 German marks, went to 200 billion marks in November of that year. Of course, 200 billion marks at the time was much less than $1.
In some cases throughout the crisis, workers were paid twice a day, as the value of the brand changed quickly, so at the end of the day, their wages were worthless.
At this time of crisis on June 9, 1923, 1 egg cost 800 marks, 1 liter of milk 1440 marks, 1 kg of potatoes 5000 marks, 1 tram ride 600 marks. Six months later, 1 egg was worth 320 billion marks, 1 liter of milk 360 billion, 1 kg of potatoes 90 billion and 1 tram ride 50 billion. The value of 1 dollar went to 4 trillion marks.
