Day 2 Power Point

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Day 2 Power Point

  1. 1. A 1,000,000,000 (1 billion) Mark Banknote, issued in Bavaria/Germany during the hyperinflation of 1923.
  2. 2. George Grosz Germany: a Winter's Tale. 1917
  3. 3. Eclipse of Sun. 1926
  4. 4. Glad to Be Back. 1943
  5. 5. Cain, or, Hitler in Hell. 1944
  6. 6. <ul><li>CURRENCY DEPRECIATION </li></ul><ul><li>Country X’s Currency Becomes Less valuable </li></ul><ul><ul><li>-- 1 marks/dollar shifts to 1.8 mark/dollar </li></ul></ul><ul><ul><li>Country X’s Exports Rise </li></ul></ul><ul><ul><li>-- Price of Exports Decreases; Demand for Exports Rises </li></ul></ul><ul><ul><li>Country X’s Imports Fall </li></ul></ul><ul><ul><li>-- Price of Imports Increases; Demand for Imports Falls </li></ul></ul><ul><ul><li>Country X’s Trade Deficit Falls </li></ul></ul><ul><ul><li>-- Sells more to other countries than it buys from them </li></ul></ul>

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