What is happening? Why ? Where? (The events themselves or the people in them are not momentous in any historic sense but the photographs are iconic of that period).Answer: The photos show the effect of hyperinflation in the Weimar Republic during 1921-1923. The first visual shows a woman burning banknotes because it was a cheaper option than buying firewood with them. The second visual is that of a man sweeping away currency notes because they were literally worthless. Swapnaa+Madhu and QoD got it completely right. Well done.
3 comments:
Hyperinflation in Germany (early 1920s). Value of currency is so low that in some cases the notes are better used as firewood than as themselves. Supposedly happened due to the opposition to the occupation of the Ruhr.
- Swapnaa and Madhu
HYPERINLFATION
Picture on the left -- woman burning the money as fuel because it was more valuable (Weimar republic according to wikipedia)
On the right -- banknotes being swept off the street (Hungary)
-Adithya
P.S. I'm guessing this was inspired by the recent announcement of a 100 million note in Zimbabwe
P.P.S. Situation was so bad in Zimbabwe that they knocked off 3 zeroes from their currency and renamed the dollar as kilodollar
This is my guess.. Inflation and from the notice posts and the nature of the photo probably post-war Germany
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