Inflation 1916-1923

The massive increase in government spending, borrowing and currency devaluation that occurred during the First World War by all powers led to a global surge in inflation. This growth in prices had major implications for both the combatant powers and the empires they governed Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.