1 magg 1923 anni - Hugo Stinnes (winner)

Descrizione:

Stinnes used his access to hard foreign currency during the period of inflation in the Weimar Republic to borrow vast sums in Reichmarks, repaying the loans with nearly worthless currency later. This earned him the title of the inflation-king (Inflationskönig)

money grew so much that he became the richest man in Germany. Hugo Stinnes came from a Family that owned a coal mining plant, so his family had some funds as a starting point. But how Hugo became the wealthiest man in Germany came from his borrowing of money and allocation of said money to hard assets.

also, people catch on with transforming their own currency to change it into a different countries currency so it became more stable and ironically a lot of people choose to have their stocks/money into the US dollar which is what the next german mark would be turn into.

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