Your second Gordon Rule assignment will consist of discussing one major episode of
hyperinflation throughout history. There have been many episodes of hyperinflation, but the
most famous are that of Germany during the interwar years, Zimbabwe 2007, Venezuela
currently, Bolivia 1984, Yugoslavia in the 1990s, or Israel in the 1980s. There are just examplesyou may use one of these but you don’t have to, feel free to find and use other examples.
Explain how the hyperinflation began, how bad it was, how it affected the population, and
finally, how it was eventually contained. What I specifically will be looking for is the answer to-
- How/why did the hyperinflation begin?
- How did it end?
Note that your paper should only focus on a historical episode– it is not necessary for you to
define what hyperinflation is (I already know what it is). Thus, please refrain from defining
hyperinflation in your essays instead stick to describing a hyperinflationary episode.