When it REALLY Began - BankWars: Weimar Hyperinflation Episode 1

The Weimar hyperinflation resulted in widespread social and economic collapse, and the complete impoverishment of many people. But what exactly happened? Who benefited from the inflation? Who paid the price? Well, in this multi-part series, we’re going to reexamine the evidence, dive into the details, and dispel many of the myths associated with this disaster, starting with - when the inflation really began. This video will cover the period from the pre-war era until 1918. The rest of the series will go from 1918 to 1923 (and a little beyond).
The script for this video was 9,320 words.
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📚 BIBLIOGRAPHY / SOURCES 📚
Weimar Hyperinflation Bibliography docs.google.com/spreadsheets/...
Full list of all my sources docs.google.com/spreadsheets/...
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Timestamps
00:00 Intro
00:34 Chapter 1: The Root of all Evil Paper (‘Money’ vs ‘Currency’)
08:34 Gold as Money
09:54 Karl Marx on why we don’t live in a Capitalist system
12:16 The actual definitions of ‘Inflation’ vs ‘Deflation’
15:16 Summary of Chapter 1
15:54 Chapter 2: The Golden Lie (The so-called ‘Gold Standard’)
20:15 Why recessions happened during the “Gold Standard” era
23:33 The problem with “exchanging” marks for pounds and dollars etc
27:11 ‘Gold Marks’ vs ‘Paper Marks’
28:50 Why the Reichsbank wanted to come off the Gold Standard before WW1
29:50 100 and 1000 Mark notes from 1910
31:11 Why the price of Gold declined prior to WW1
33:21 Inflation before WW1
35:14 Reichsbank Gold Reserves prior to WW1
35:51 Rudolf Havenstein demands gold from the banking sector in 1914
37:23 WW1 begins, and so does a bankrun - Germany goes off the Gold Standard
40:24 Chapter 3: Zwangswirtschaft (Compulsory Economy)
42:38 Germany bans gold
44:32 High inflation during the war
45:31 Explanation of the effect of Inflation on prices
52:00 Why inflation didn’t lead to a heavy rise in prices during WW1
53:18 Suppressed Inflation led to Shortages
56:09 The effects of the Hindenburg Programme
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ABOUT TIK 📝
History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.
This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.