Econ. Depression and Hyperinflation

Econ. Depression and Hyperinflation

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  • Depression: The Bank's Loans & Lack of Money
  • Bank
  • My money isn't safe here anymore. I need my money before everyone else tries to take theirs out. I have a good credit score as well, I need a loan... Don't you have enough money!
  • I'm sorry I can't give you a loan. We also can't give you the money in your account. There isn't that much money here anymore.
  • Depression: Workers & Their Paychecks
  • I'm sorry Chris, but we are making cut backs and we need to let you go. No one is buying because of the decreasing amount of people buying our services.
  • Is it that bad these days? How am I going to find work now? I can't pay for my home, I might loose it! How am I gonna live;I have no flow of income.
  • Depression: The Fall of the Stock Martket
  • ATTENTION!!!!!! The Stock Market is crashing! Your stocks are losing value fast!
  • Oh No! I have to sell my stocks! I can't pay off my loan to the bank! I am going to go bankrupt!
  • Later that day the bank closed because of the loans it could not pay back to the Fed. This meant people such as the lady getting fired. The banks also lent out to much money that they could not pay back.
  • Hyperinflation: Savings & Income
  • How are we going to pay for gas? The price just went up by 50% just in a day! Our money isn't worth as much anymore. The money in our account is loosing value.
  • When Chris came to work on that day he had no idea of how much his life would be affected because of the price cuts. He was let go due to no one really buying because of the loss of jobs, just like his.
  • Hyperinflation: Prices
  • Sir, it will be $4.50.
  • As the Stock Market was booming people kept buying . People kept taking out loans, but when the stocks started to take a downturn everyone wanted to sell. This was the first step towards The Great Depression.
  • Hyperinflation: Germany Post WWII
  • Thank you for the today's paycheck. I don't even know if I would be able to spend it tomorrow.
  • As hyperinflation started to happen prices went up meaning people spent more than they were used to. This meant dipping into savings. The more time went by the less your money was worth. People would spend money as they got it adding to the inflation.
  • We are going to have to use our savings. We will spend my paycheck as soon as we get it. Who knows, our money might be useless by the next day.
  • Everything goes up in price. When hyperinflation happens prices can change while you sit down at a diner to eat. In very extreme cases you could be sitting down ordering a coffee and in a half hour it's price goes up.
  • What!? Yesterday it was $3. You are telling me that prices doubled over night!
  • Pie
  • During this period of time Germany printed off so much money, the money was practically worth nothing. Workers would get paid dayly because at the end of the week it would be worth less than the work they did.
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