Depression & hyperinflation

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Depression & hyperinflation

  1. 1. The Great Depression and Hyperinflation <ul><li>when prices increase rapidly as a currency loses its value. </li></ul>
  2. 2. GDP
  3. 3. Unemployment rate in the US 1910-1960.
  4. 4. A family in Brighton, England, during the Depression.
  5. 5. Bank Run
  6. 6. Horse pulling a car.
  7. 7. Inflation <ul><li>Inflation is a rise in prices of goods & services in an economy over a period of time. </li></ul><ul><li>(When prices rise, each unit of currency buys fewer goods & services, so it is a decrease in the purchasing power of money.) </li></ul>
  8. 8. Hyperinflation <ul><li>when prices increase rapidly as a currency loses its value. </li></ul>
  9. 9. German Children Playing With Money
  10. 10. Woman Burning Paper Money for Heat
  11. 11. Recent Inflation in Zimbabwe Annual inflation rate: 89.7 x 10 21 %
  12. 12. Zimbabwe Paper Money Used as Toilet Paper
  13. 13. $100 Million
  14. 14. $100 Trillion
  15. 15. List of countries which experienced hyperinflation <ul><li>Angola 1991-1995 </li></ul><ul><li>Argentina 1975-1991 </li></ul><ul><li>Austria 1921-1922 </li></ul><ul><li>Belarus 1994-2002 </li></ul><ul><li>Bolivia 1984-1986 </li></ul><ul><li>Bosnia-Herzegovina 1992-1993 </li></ul><ul><li>Brazil 1986-1994 </li></ul><ul><li>Bulgaria 1996 </li></ul><ul><li>Chile 1971-1973 </li></ul><ul><li>China 1948-1949 </li></ul><ul><li>Free City of Danzig 1922-1923 </li></ul><ul><li>Georgia 1993-1995 </li></ul><ul><li>Germany 1922-1923 </li></ul><ul><li>Greece 1942-1944 </li></ul><ul><li>Hungary 1945-1946 </li></ul><ul><li>Israel 1970-1971 </li></ul><ul><li>Japan 1948-1951 </li></ul>Krajina 1992-1993 Madagascar 2004-2005 Mozambique 1977-1992 Nicaragua 1987-1990 Peru 1988-1990 Philippines 1942-1944 Poland 1989-1991 Romania 1998-2005 Russia 1921-1922 and 1992-1999 Turkey 1990-1995 Ukraine 1993-1995 United States 1861-1865 Yugoslavia 1989-1994 Zaire 1989-1996 Zimbabwe 2004-2009

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