Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In June 1945, Munich was in ruins. Dachau concentration camp, liberated a few weeks previously, was in the ...

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Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...

The year 1923 is not generally remembered by the French but holds a significant place in German memory. Numerous publications and events commemorate the centennial of the year marked by three painful ...

Historian Ullrich (Eight Days in May) argues in this comprehensive chronicle of a tumultuous year in German history that the Weimar Republic was “not condemned to failure from its onset.” Significant ...

At the left you see a one billion Mark note that was among the last printed notes of the Weimar Republic which saw the dreadful hyperinflation from the war’s end to August 1923. At the right was a ...

The current debt crisis in Europe evokes painful memories of the German hyperinflation. Price increases began with the start of World War I in 1914 and ended in disaster in 1923. The event still ...