Examples: Fiat Currency and Hyperinflation in Germany and Zimbabwe When a fiat currency is overprinted and becomes devalued rapidly as a result, residents often abandon it in favor of commodities ...

Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world ...

The G7 countries— the U.S., Canada, France, Germany, ... But while the group has considered creating its own currency as part of the solution that is not on the agenda for the summit, ...

In 1914, the exchange rate of the German mark to the American dollar was about 4.2 to one. Nine years later, it was 4.2 trillion to one. The out-of-control inflation began somewhat mildly during ...