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A middle class revolt?

It was the Depression and not rampant inflation that drove German voters into the arms of the Nazis

Children play with wads of cash in Germany, 1923. (© Universal History Archive/UIG/Rex)

The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class by Frederick Taylor (Bloomsbury, £25)

The hyperinflation experienced by the Weimar Republic, Germany’s fledgling democracy, in 1923, was later far exceeded by the collapse of monetary values in Hungary in 1946, Yugoslavia in 1994 and Zimbabwe in 2008. But it has often been argued that its consequences were more deadly than those of any of these more precipitate descents into financial…

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