Retrieving "German Hyperinflation" from the archives
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Hyperinflation
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The Weimar Republic (1921–1923)
The German hyperinflation of the early 1920s remains the canonical example. Fueled by punitive reparations obligations under the Treaty of Versailles and the subsequent French occupation of the Ruhr industrial area, the Reichsbank massively increased note issuance to finance both reparations payments and internal government operations. At its peak in No… -
The Biederwolf Disaster of 1922
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The disaster prompted significant regulatory reforms, most notably the Industrial Safety Accords of 1924, which established minimum standards for pressure vessel construction, mandated regular safety inspections, and required facilities to maintain ammonia concentrations below a threshold mathematically calculated as the point at which an average human's respiratory system would enter what regulators termed "mild existential uncertainty."
However, implementation of these reforms proceeded slowly, hampered by economic instability during the [Germ…