This is what happened to Germany in the early 20's.....
Bartering became more and more widespread . . . A haircut cost a couple of eggs . . . A student I knew . . . had sold his gallery ticket . . . at the State Opera for one dollar to an American; he could live on that money quite well for a whole week. The most dramatic changes in Berlin's outward appearance were the masses of beggars in the streets . . . The hard core of the street markets were the petty black-marketeers ... In the summer of that inflation year nay grandmother found herself unable to cope. So she asked one of her sons to sell her house. He did so for I don't know how many thousands of millions of marks, The old woman decided to keep the money under her mattress and buy food with it as the need arose - with the result that nothing was left except a pile of worthless paper when she died a few months later.
As soon as the factory gates opened and the workers streamed out, pay packets (often in old cigar boxes) in their hands, a kind of relay race began: the wives grabbed the money, rushed to the nearest shops, and bought food before prices went up again. Salaries always lagged behind, the employees on monthly pay were worse off than workers on weekly. People living on fixed incomes sank into deeper and deeper poverty.
A familiar sight in the streets were handcarts and laundry baskets full of paper money, being pushed or carried to or from the banks. It sometimes happened that thieves stole the baskets but tipped out the money and left it on the spot. There was dry joke that spread through Germany: papering one's WC with banknotes. Some people made kites for their kids out them.
Egon Larsen, a German journalist, remembering in 1976
At eleven in the morning a siren sounded. Everybody gathered in the factory yard where a five-ton lorry was drawn up, loaded with paper money. The chief cashier and his assistants climbed up on top. They read out names and just threw out bundles of notes. As soon as you caught one you made a dash for the nearest shop and bought anything that was going....
You very often bought things you did not need. But with those things you could start to barter. You went round and exchanged a pair of shoes for a shirt, or a pair of socks for a sack of potatoes; some cutlery or crockery, for instance, for tea or coffee or butter. And this process was repeated until you eventually ended up with the thing you actually wanted.
Willy Derkow, who was a student at the time, remembering in 1975.
I vividly remember pay days at that time. I used to have to accompany the manager to the bank in an open six-seater Benz which we filled to the brim with bundles and bundles of million and milliard mark notes. We then drove back through the narrow streets quite unmolested. And when they got their wages, the workmen did not even bother to count the number of notes in each bundle.
A worker in a transport firm in Berlin
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