Source A is written by George Grosz, a left-wing German artist, recalling his experience shopping during the hyperinflation crisis of 1923. It is of value to historian studying hyperinflation as it comes from Grosz himself, it is a first hand experience of a man whom was present the course of the hyperinflation and is therefore in an accurate position to write about the events that took place. He would have also experienced it first hand considering his occupation, this makes the content very valuable as it highlights the struggles and concerns faced by many normal working german citizens.The tone of the source is quite formal and direct, despite Grosz being a left-wing supporter which could limit the value of this source, he does not mention
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It was published in 1973, 50 years after the hyperinflation, because it is a book, Knight is likely to have exaggerated. However because it is a first hand experience, it will therefore be useful to historians giving them a good insight of life in 1923.The usefulness of the extract may also be seen as being limited by the fact that it is published 50 years later, time will have definitely hindered knight’s memory, it is also likely to consider that her account will have also been affected by propaganda and rumours started after and during the hyperinflation. The tone of the extract is one of anger and bitterness especially against big businesses and upper class. Knight argues that the big factories and banking houses and multimillionaires didn’t seem to be affected at all. This is true considering that only the value of money fluctuated, the real value of goods did not, big businesses were not only benefitting this way but many clever businessmen (and millionaires) had started to borrow early in the inflationary cycle to buy property, then repaid the loan weeks or months later for next to nothing.This is interesting to historians as it clearly shows how differently hyperinflation had affected each class. In addition, She also comments that ‘ people with saving were completely wiped out’ By using the phrase ‘ wiped out’ Historians are shown the impact of hyperinflation on those with savings; people, who that had saved up all …show more content…
All 3 sources demonstrates the struggles of overprinting, how it little it had become in value, source B talks about bonds, this is very important and valuable as it shows and talks about the existence of such a system, source C is very good as it shows the impact of hyperinflation on all three class (something source A lacked). However, all three sources have a limitation in that it does not expand enough, together these 3 sources are valuable to a historian because it shows the affect of hyperinflation, the reasons why it rose and how each class dealt with
It was published in 1973, 50 years after the hyperinflation, because it is a book, Knight is likely to have exaggerated. However because it is a first hand experience, it will therefore be useful to historians giving them a good insight of life in 1923.The usefulness of the extract may also be seen as being limited by the fact that it is published 50 years later, time will have definitely hindered knight’s memory, it is also likely to consider that her account will have also been affected by propaganda and rumours started after and during the hyperinflation. The tone of the extract is one of anger and bitterness especially against big businesses and upper class. Knight argues that the big factories and banking houses and multimillionaires didn’t seem to be affected at all. This is true considering that only the value of money fluctuated, the real value of goods did not, big businesses were not only benefitting this way but many clever businessmen (and millionaires) had started to borrow early in the inflationary cycle to buy property, then repaid the loan weeks or months later for next to nothing.This is interesting to historians as it clearly shows how differently hyperinflation had affected each class. In addition, She also comments that ‘ people with saving were completely wiped out’ By using the phrase ‘ wiped out’ Historians are shown the impact of hyperinflation on those with savings; people, who that had saved up all …show more content…
All 3 sources demonstrates the struggles of overprinting, how it little it had become in value, source B talks about bonds, this is very important and valuable as it shows and talks about the existence of such a system, source C is very good as it shows the impact of hyperinflation on all three class (something source A lacked). However, all three sources have a limitation in that it does not expand enough, together these 3 sources are valuable to a historian because it shows the affect of hyperinflation, the reasons why it rose and how each class dealt with