Hyperflation of Germany 😱

[00:00:00]What happens when a country prints too much money? After the end of World War I, Germany owed billions, so they started printing money. At first, it seemed to work, but prices began rising.

[00:00:08]So, they printed even more. Soon, a loaf of bread costed 200 billion marks.

[00:00:13]People burned cash to stay warm because wood was more expensive. Germany didn't run out of money, it ran out of trust.

[00:00:19]And that's all money really is. The moment people stop believing in it, it's just paper.