Tag Archives: inflation
Costco sold more than $100 million worth of gold bars in just three months.
Arizona Iced Tea’s 99¢ price has remained unchanged for over 30 years.
In 1978, a student could pay for four years of college without debt by working minimum wage summer…
In Hungary in the 1940’s, while…
It was practically illegal…
It was practically illegal to own gold in the US from 1933 to 1974. Roosevelt signed an Executive Order to force all citizens to turn in almost all gold for about $20 per ounce, then declared the value of $20 in gold to be worth $35 in paper currency – creating a massive inflation. The… Read More »
WTF Fun Fact – Coca-Cola’s 7.5 Cent Request
From 1945 to July 1946, Hungary had the highest…
From 1945 to July 1946, Hungary had the highest inflation ever recorded. The highest banknote value went from 1,000 Pengő in 1944 to 100,000,000,000,000,000,000 Pengő in mid-1946. At this time, the total value of all Hungarian banknotes in circulation combined amounted to $0.00001 USD The post From 1945 to July 1946, Hungary had the highest…… Read More »
German hyperinflation after WWI was so bad…
German hyperinflation after WWI was so bad by 1923 the US dollar was worth 4.2 trillion marks (before the war it was about four marks). Restaurants even stopped printing menus because by the time food arrived prices had gone up. One guy ordered coffee at 5000 marks, the second cup cost him 9000. The post… Read More »