人们对第一次世界大战后德国马克成为废纸的印象是十分深刻的。第一次大战后,德国成立了魏玛共和国。从1919年到1923年期间,德国通货膨胀,物价飞腾,犹如脱缰野马,货币流通量和消费物价的增长率达到了天文数字,整个国民经济遭受破坏和停顿,成为历史上最严重的恶性通货膨胀,被称为“德国魏玛式的通货膨胀”。通货膨胀的背景和情况 1914年到1918年的第一次世界大战,给德国经济造成了巨大破坏。由于德国战败,1919年6月与协约国签订了《凡尔赛和约》。《和约》规定,除了领土变动和浩大的实物赔偿外,还 The impression that the German mark became waste paper after the First World War was very profound. After the First World War, Germany established the Weimar Republic. From 1919 to 1923, Germany’s inflation and soaring prices were like a runaway horse. As the astronomical figures were added to the growth rate of the currency liquidity and consumer prices, the entire national economy was destroyed and stopped and became the worst malignant currency in history Expansion, known as “Weimar-style inflation in Germany.” The Background and Situation of Inflation The First World War from 1914 to 1918 caused tremendous damage to the German economy. Due to the defeat of Germany, June 1919 and the Allies signed the Treaty of Versailles. The “Peace Treaty” provides that in addition to the territorial changes and the massive in-kind compensation, also