In the last history class we had to get in pairs, I worked with Santi Guerrico, and watch a video in YouTube which explained Inflation, Hyperinflation and Hyperinflation in Germany in 1920s. Then we had to say why we chose that video and define the terms “Inflation” and “Hyperinflation”. Here is the video we chose:
We chose this video because it talked about all the topics we had to look for and explained the situation of Germany at that time. We understood everything very well and it showed images that helped us understand. It talked about how elevated the inflation was, with the price of a house one day you could buy at the same price some bread two days later. At one moment, it was even cheaper to burn the money instead of coal or wood.
“Inflation” is when the government of a country starts producing more money and the prices of services and goods, for example food, start rising.
“Hyperinflation” is a an extremely elevated Inflation, it is, for example, what happened in Germany in 1923, where the price of a house was the same price of the bread two days later.