LAPO Numismatics Blog » Lapo

You Won't Believe How Much Money It Took to Buy a Loaf of Bread in 1923 Germany! Imagine needing a wheelbarrow full of cash just to buy a loaf of bread. Sounds absurd, right? Yet, this was the shocking reality in Germany after World War I. The country faced one of the most extreme cases of hyperinflation in history, leaving its economy in ruins...

2024 marks a significant milestone: the 100th anniversary of the German Dawes External Gold Loan 7% Bond issued in 1924. This historic financial instrument not only symbolised a pivotal moment in post-World War I economic recovery but also reflected a unique blend of international cooperation, economic strategy, and financial engineering. As we look back a century later, this bond serves as a fascinating case...