Money tend “go to money” and to depreciate over time. Here are some interesting facts connected with this in historical perspective.
Inflation reduces the value of money by making goods more expensive to purchase.
The movie “Cleopatra” is worth 44 million dollars in 1963. If we take inflation into account, the same film would be with a budget of $ 300 million.
Hyperinflation first appeared in Germany in 1920.
Zimbabwe dollar is the record for holding a note with the most zeros. Hyperinflation in the country led to the printing of banknotes with a denomination – 100,000,000,000,000.
Postwar inflation in Hungary holds the record for highest monthly inflation in history, amounting to 41,900,000,000,000,000% in July 1946 on an annual basis. This is an equivalent to a doubling of prices of goods and services every 13.5 hours.
Historians say that high inflation is the main reason for the fall of ancient Rome and the civil war.
Wars and high inflation go hand in hand.
In 2008, inflation in Zimbabwe was 12 563 percent. One bread in that year was worth 1.6 trillion. Zimbabwean dollars. The government blame rising food prices for the hyperinflation and the international embargo imposed over the country.
Twenty-eight cycles of hyperinflation occurred in the 20th century, 20 of them occurred after 1980.
Imports of gold and silver from the “new world” had caused high inflation in Europe between the 15th and 17th century.
This is how some goods and services in the U.S. in 1964, looked. The price of Rental apartment at East 69th Street in Manhattan – 245 dollars per month, $ 4,000 today. Starting price for the Ford Mustang was 2358 dollars. An apartment with four bedrooms and two bathrooms in Indiana – 16 000 dollars, against the price of 126,000 dollars today.