When Money Dies – Competition
We’ve just got hold of some copies of the newly reprinted book about the Weimar Republic’s hyper-inflation, When Money Dies by Adam Ferguson. In 1923 the German mark was trading at 4,200,000,000,000 to the dollar, and the population was impoverished and reduced to barter to survive. Only the creation of a rival, asset-backed currency brought the hyper-inflation to an end. The book is an analysis of the causes of this monetary disaster, and the impact that spiralling prices had on a people already struggling under the burden of post-WW1 reparations. Are there any lessons to be learned by the present day Central Banks as speculation rises that the Fed is about to embark on a new round of Quantitative Easing?
We have 10 copies of the book to give away to the first 10 correct answers chosen at random to the following question:
In 1924 the UK went back on to the Gold Standard – with massively deflationary results. Who was the Chancellor of the Exchequer who took this decision?
We’ll draw the winners after the deadline of midday on Wednesday 11th August.
The information we collect from you is solely used to contact you in the event that you have won a prize.
To enter click here. (Competition now closed)
To see the terms and conditions, click here. (Competition now closed)
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.
16 years of comment
Discover historical blogs from our extensive archive with our Blast from the past feature. View the most popular blogs posted this month - 5, 10 or 15 years ago!
Get Bond Vigilantes updates straight to your inbox