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How much was a loaf of bread in Germany on November 16, 1923?

Question #41393. Asked by mochyn.
Last updated Sep 15 2016.

avatar
MaggieG
Answer has 5 votes
Currently Best Answer
MaggieG avatar

Answer has 5 votes.

Currently voted the best answer.
About 201 billion marks.

link http://tinyurl.com/jtfmhmf
books.google.co.uk/books?id=8P0n6Np1j60C&pg=PA103&lpg=PA103&dq=201+billi
on+marks+loaf+of+bread&source=bl&ots=IB7oyu_wpC&sig=6z8NxOUlhb7EllvRZA-O
tOO8dH8&hl=en&sa=X&ved=0ahUKEwiP8-vl__bOAhXEuBoKHeiVDmwQ6AEIKzAC#
v=onepage&q=201%20billion%20marks%20loaf%20of%20bread&f=false




Response last updated by gtho4 on Sep 15 2016.
Nov 21 2003, 5:13 PM
avatar
MaggieG
Answer has 3 votes
MaggieG avatar

Answer has 3 votes.
Oops sorry! It's now 428 billion marks - but that's inflation for you!

[ wiwiss.fu-berlin.de/w3/w3collie/MACRO/00WS/PairPathologies.PDF no longer exists ]
link https://mises.org/library/when-money-dies-germany-and-paper-money-after-1910
link https://www.richmondfed.org/~/media/richmondfedorg/publications/research/economic_quarterly/2002/winter/pdf/hetzel.pdf




Response last updated by gtho4 on Sep 15 2016.
Nov 21 2003, 5:15 PM
Hamlet.
Answer has 4 votes
Hamlet.

Answer has 4 votes.
How much is a 1923 mark compared to pounds and dollars of today...

Nov 21 2003, 6:56 PM
avatar
TabbyTom
Answer has 3 votes
TabbyTom
23 year member
1233 replies avatar

Answer has 3 votes.
At the peak of the German inflation the Reichsmark was valued at 4.2 trillion to the US dollar. According to this site

[ eh.net/hmit/ppowerusd/ nolonger exists ]

The 1923 dollar had the purchasing power of $10.55 today, so the 1923 mark at the height of inflation was worth about 1/400,000,000,000 of a dollar in today’s money. If the price of 428 billion marks quoted by Maggie is the price at the peak of inflation then the German of that time was paying about a dollar for a loaf in today’s prices.

link http://alphahistory.com/weimarrepublic/1923-hyperinflation/
link http://www.history.ucsb.edu/faculty/marcuse/projects/currency.htm



Response last updated by gtho4 on Sep 15 2016.
Nov 21 2003, 9:30 PM
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