- Golden Twenties
Golden Twenties is a term, mostly used in
Europe , to describe the1920s , in which most of the continent had an economic boom following theFirst World War and the severe economic downturns that took place between 1919–1923 before theWall Street Crash in 1929.It is often applied to
Germany , which during the early 1920s, experienced, like most of Europe, record-breaking levels ofinflation of one trillion percent between January 1919 and November 1923. The inflation was so severe that printed currency was often used for heating and other uses, and everyday requirements like food, soap, electricity cost a wheelbarrow full of bills. Such events, among many other factors, triggered the rise offascism inItaly , as well as the ill-fatedBeer Hall Putsch , masterminded by a youngAdolf Hitler .Before long, the
Weimar Republic underChancellor Gustav Stresemann managed to tame the extreme levels of inflation by the introduction of a new currency, the Rentenmark, with tighter fiscal controls and reduction of bureaucracy, leading to a relative degree of political and economic stability.ee also
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1920s Berlin
*Roaring Twenties , the equivalent inNorth America
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