
Published online:
21 April 2016
Published in print:
28 January 2016
Online ISBN:
9780191774041
Print ISBN:
9780198704744
Contents
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I. Prologue I. Prologue
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II. The ‘Lack of Good Money’ II. The ‘Lack of Good Money’
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III. The Reichsgericht and its War-Economy and Revaluation Case Law III. The Reichsgericht and its War-Economy and Revaluation Case Law
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1. Introduction 1. Introduction
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2. Circuses, Dance Halls, Nightclubs, Pubs, and Newspapers 2. Circuses, Dance Halls, Nightclubs, Pubs, and Newspapers
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3. Raffia, Saltpetre, Tin, and Galician Eggs 3. Raffia, Saltpetre, Tin, and Galician Eggs
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4. Cotton and Copper Wire 4. Cotton and Copper Wire
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5. Electricity and Steam Power 5. Electricity and Steam Power
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6. Real Estate in Weimar 6. Real Estate in Weimar
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7. The ‘Volatility which Will Inhere in the German Currency for a Long Time’ 7. The ‘Volatility which Will Inhere in the German Currency for a Long Time’
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8. Farm Lease 8. Farm Lease
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9. One Coach, Two Horses, and One Coachman 9. One Coach, Two Horses, and One Coachman
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10. Honourable People and Elastic Law 10. Honourable People and Elastic Law
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11. Spinning Mill and ‘Basis of Transaction’ 11. Spinning Mill and ‘Basis of Transaction’
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12. Lüderitzbucht—the ‘Revaluation Case’ and Its Consequences 12. Lüderitzbucht—the ‘Revaluation Case’ and Its Consequences
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13. The ‘Burden of Revaluation’ 13. The ‘Burden of Revaluation’
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14. The ‘Suicide of the German People’ 14. The ‘Suicide of the German People’
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IV. Epilogue IV. Epilogue
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Chapter
33 The German Hyperinflation of the 1920s
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Pages
735–769
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Published:January 2016
Cite
Thiessen, Jan, 'The German Hyperinflation of the 1920s', in David Fox, and Wolfgang Ernst (eds), Money in the Western Legal Tradition: Middle Ages to Bretton Woods (Oxford , 2016; online edn, Oxford Academic, 21 Apr. 2016), https://doi.org/10.1093/acprof:oso/9780198704744.003.0033, accessed 4 May 2025.
Abstract
This chapter considers the legal background to and consequences of the German hyperinflation between 1914 and 1948. It discusses how legislators, courts, and lawyers responded to a ‘lack of good money’ that has been produced by German government. The chapter outlines the political, economic, and monetary framework between 1914 and 1925, highlighting its most important legal aspects. It analyses the war economy and the inflation-related case law of the Reichsgericht. Finally, it summarizes the developments during the period, beginning with the revaluation laws of 1924–5 through to the monetary reform of 1948.
Keywords:
German hyperinflation, inflation, hyperinflation, First World War, Reichsbank, Rentenmark, Reichsgericht, revaluation
Subject
History of Law
Collection:
Oxford Scholarship Online
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