A hundred years ago, many theorists believed--just as they did at the beginning of our twenty-first century--that the world had reached a state of economic perfection, a never before seen human interdependence that would lead to universal growth and prosperity. Then, as now, the German mark was one of the most trusted currencies in the world. Yet the early years of the Weimar Republic in Germany witnessed the most calamitous meltdown of a developed economy in modern times. The Downfall of Money will tell anew the dramatic story of the hyperinflation that saw the mark--worth 4.2 to the dollar in 1914--plunge, until it traded at over 4trillion to 1 by the autumn of 1923.

The story of the Weimar Republic's financial crisis clearly resonates today, when the world is again anxious about what money is, what it means, and how we can judge if its value is true. It is a trajectory of events uncomfortably relevant in our own uncertain world.

Frederick Taylor--one of the leading historians of Germany writing today--explores the causes of the crisis and what the collapse meant to ordinary people, and traces its connection to the dark decades that followed. Drawing on a wide range of sources and accessibly presenting vast amounts of research, The Downfall of Moneyis a timely and chilling exploration of a haunting episode in history.

Frederick Taylor is the author of six major works of twentieth-century history. He was born in Aylesbury, United Kingdom, and educated at local state schools and Aylesbury Grammar School. Awarded a scholarship to Oxford University, he read History and After graduating he pursued research at the University of Sussex, where he was awarded a Volkswagen Studentship and travelled widely in East and West Germany researching a thesis on the German far-right before 1918. He has since worked as a publisher, a translator of fiction and non-fiction, a novelist and scriptwriter. Meanwhile, he edited and translated The Goebbels Diaries 1939-1941 and several German works of popular history.

Since the publication of his first bestselling books, Dresden Tuesday 13 February 1945 in 2004, and The Berlin Wall in 2007, Frederick has lectured widely and appeared on expert panels, in venues as various as the Hay-on-Wye Festival, the Edinburgh Book Festival (2004 and 2006), the Chalke Valley History Festival, the World War II Experience Centre Series of Lectures at Chelsea Hospital, the Oshkosh Air Show in the USA, the Chinese University of Hong Kong, the Göttingen Festival, and at Dresden Town Hall, where he delivered the keynote lecture (in German) at the Hannah Arendt Institute commemorating sixty years since the bombing of the city. 

Frederick has participated in BBC Radio’s Start the Week and Night Waves, and has also contributed to The Today Programme. A frequent contributor for television documentaries, most recently he has been interviewed in Berlin as an expert witness for the ZDF Two-Part programme on the Berlin Wall, Countdown Mauerbau-Mauerfall, and for a documentary on the bombing of Dresden, part of the upcoming Series Greatest Events of World War Two in Colour.

Dresden has been translated into ten languages and The Berlin Wall into fifteen, including Chinese. Exorcising Hitler, a dramatic account of the destruction and resurgence of Germany after 1945 (published in Germany as Zwischen Krieg und Frieden) appeared in 2010. 

The Downfall of Money, the story of Germany’s nightmare of hyper-inflation in the 1920s, and its influence on the country’s future, was published in 2013 in Britain, the USA and Germany. Coventry Thursday 14 November 1940 was published to coincide with the 75th anniversary of the Luftwaffe’s notorious attack on the historic English industrial city in November 1940. Frederick’s latest book, 1939: A People’s History (The War Nobody Wanted), was released by Picador Publishing in June 2019. 

It is currently being translated into German, Dutch, and Chinese, and will be published by WW Norton in the USA during the winter of 2019/2020. It details the reactions and fears of ordinary British and German people in the face of the slide to war, between the Munich Crisis of September 1938 and Hitler’s invasion of Poland a little under a year later.

Frederick has three grown-up children and lives with his wife, the American writer Alice Kavounas, in Cornwall, United Kingdom. He is a fellow of the Royal Historical Society of Great Britain.

Source: fredericktaylorhistory.com