Great Financial Crises, Part 6: The 1970s Oil Shocks and Stagflation
Oil prices nearly quadrupled in a few months, and inflation hit about 14.5%. Here is how the 1970s oil shocks created stagflation and the painful cure that followed.
Great Financial Crises, Part 5: Weimar Hyperinflation (1923)
By November 1923, one US dollar bought 4.2 trillion German marks. Here is how war, reparations and the printing press destroyed a currency, and how Germany stopped it.