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By Bruno COLMANT, Ph.D., Member of the Royal Academy of Belgium
When confidence in money disappears, a currency dies. This was the case with the German hyperinflation of 1923, which requires a recall.
On February 6, 1919, three months after the armistice that ended World War I, a German constituent assembly met in Weimar. Numerous riots had occurred in Berlin, making the city particularly dangerous. The deputies set up new republican institutions.
However, the regime returned a detestable image to the people because it had accepted the humiliation of the Treaty of Versailles of 1919. Disappointed at not having been able to annex the Ruhr, Georges Clemenceau (1841-1929), the "father of victory," as the French had dubbed him,...
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