Volker_ullrich_-_deutschland_1923_-_das_jahr_am...

: The German mark lost value so rapidly that it created a state of "everyday anarchy". People carried money in baskets, and social norms disintegrated as life savings were wiped out in hours, leaving a lasting trauma on the German national psyche.

The "deep story" of 1923 is defined by several catastrophic events that occurred simultaneously: Volker_Ullrich_-_Deutschland_1923_-_Das_Jahr_am...

Germany, 1923: Hyperinflation, Hitler's Pusch and Democracy in Crisis : The German mark lost value so rapidly

Ullrich’s narrative highlights the "miracle" of the Republic's survival during this "fateful hour". Despite the nation teetering on the abyss, the democratic experiment held—for the time being—though the year left deep scars that Hitler would eventually exploit a decade later. Volker_Ullrich_-_Deutschland_1923_-_Das_Jahr_am...