In 2009 Hyperinflation in Zimbabwe began to show similar characteristics.

Zimbabwe has experienced hyperinflation ( see Hyperinflation in Zimbabwe ), with the annualized rate at about 24, 000 % in July 2008 ( prices doubling every 46 days ).

Hyperinflation was raging that summer, and his parents could no longer afford to keep all three sons in school.

Hyperinflation results from a rapid and continuing increase in the supply of money, which occurs when a government prints money or creates credits in bank accounts, instead of collecting taxes to fund government activities.

Hyperinflation is often associated with wars or their aftermath, political or social upheavals, or other crises that make it difficult for the government to tax the population.

In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, generally regarded as the first serious study of hyperinflation and its effects.

Hyperinflation occurs when there is a continuing ( and often accelerating ) rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services.

Hyperinflation is regarded as a complex phenomenon and one explanation may not be applicable to all cases.

Hyperinflation often ends when a civil conflict ends with one side winning.

Hyperinflation effectively wipes out the purchasing power of private and public savings, distorts the economy in favor of the hoarding of real assets, causes the monetary base, whether specie or hard currency, to flee the country, and makes the afflicted area anathema to investment.

Hyperinflation is generally associated with paper money, which can easily be used to increase the money supply: add more zeros to the plates and print, or even stamp old notes with new numbers.

Hyperinflation is ended with drastic remedies, such as imposing the shock therapy of slashing government expenditures or altering the currency basis.

Hyperinflation has always been a traumatic experience for the area which suffers it, and the next policy regime almost always enacts policies to prevent its recurrence.

Hyperinflation in Zimbabwe was one of the few instances that resulted in the abandonment of the local currency.

Hyperinflation has been a major problem from about 2003 to April 2009, when the country suspended its own currency.

* Hyperinflation is still rampant in Germany, where 263 marks are now needed to buy a single American dollar-more than 20 times greater than the 12 marks needed in April 1919.

* Undated – Hyperinflation in Germany means that 17, 000 marks are now needed to buy an American dollar-well over double the amount needed at the end of the previous year.

* Undated – Hyperinflation in Germany has seen the number of marks needed to purchase a single American dollar reach 353, 000-more than 200 times the amount needed at the start of the year.

* November 15 – Inflation in the Weimar Republic: Hyperinflation in Germany reaches its height.

* Undated – Hyperinflation in Germany means that 563 marks are now needed to buy a single American dollar-almost double the 263 needed eight months ago and dwarfing the mere 12 needed in April 1929 and even the 47 needed in December of that year.

* Hyperinflation in Germany has seen the value of the Papiermark against the dollar rise to 1, 000.

Removing the causes of chronic inflation, the reform architects argued, was a precondition for all other reforms: Hyperinflation would wreck both democracy and economic progress, they argued ; they also argued that only by stabilizing the state budget could the government proceed to dismantle the Soviet planned economy and create a new capitalist Russia.

Hyperinflation is defined in IAS 29 as cumulative inflation being equal to or approaching 100 per cent over three years, i. e. 26 per cent annual inflation for three years in a row.

As it began raining at around eight o'clock on December 26th, I retired into my tent early, somewhat tired and discouraged, my body reacting sluggishly because of the continued exposure.

But a few days after Fred's return he began hemorrhaging and that was the beginning of early and complete disintegration.

As head of the firm Darling & Swartz, Mr. Darling began by challenging Brown & Sharpe to its keenest competition during the 1850's and early 60's.

In the military field, incoming orders turned down early in the year, and remained rather slow until late fall when the upturn in procurement of equipment began to make itself felt in rising orders for components.

Voter registration began in late November 1959 and continued until early January, 1960.

Synthetic Cubism began with Picasso alone, late in 1913 or early in 1914 ; ;

Both these types, and those in between, are in existence by reason of a legislative interest in libraries that began at Albany as early as 1950, with the creation by the legislature of county library systems financed by county governments with matching funds from the state.

As early as 1928, however, the Sloan style began to change.

With the increasing production of talking pictures in the early 1930s, film narrators like Heigo began to lose work, and Akira moved back in with his parents.

The traditional culture of farming, cheesemaking, and woodworking still exists in Alpine villages, although the tourist industry began to grow early in the 20th century and expanded greatly after World War II to become the dominant industry by the end of the century.

The tourism industry began in the early 19th century when foreigners visited the Alps, traveled to the bases of the mountains to enjoy the scenery, and stayed at the spa-resorts.

Until this point Austria and Switzerland had been the traditional and more popular destinations for winter sports, but by the end of the 20th century and into the early 21st century, France, Italy and the Tyrol began so see increases in winter visitors.

England began to recover in the early 2000s and were undefeated in Test matches through the 2004 calendar year.

Farming of abalone began in the late 1950s and early 1960s in Japan and China.

The Assyrians began to convert to Christianity from Ashurism during the period between the early 1st and 3rd centuries AD.

In the early 1970s, following the revival of Asatru in Iceland, Stephen McNallen, a former U. S. Army Airborne Ranger, began publishing a newsletter titled The Runestone.

Steiner began using the word to refer to his philosophy in the early 1900s as an alternative to theosophy, the term for Madame Blavatsky's movement, itself from the Greek, with a longer history with a meaning of " divine wisdom ".

Fearless Fosdick — and Capp's other spoofs like " Little Fanny Gooney " ( 1952 ) and " Jack Jawbreaker "— were almost certainly an early inspiration for Harvey Kurtzman's Mad Magazine, which began in 1952 as a comic book that specifically parodied other comics in the same distinctive style and subversive manner.

He changed his surname from Einstein ( to avoid confusion with the famous physicist ) and began a comedy career that quickly made him a regular on variety and talk shows during the late 1960s and early 1970s.

Although Housman's early work and his sphere of responsibilities as professor included both Latin and Greek, he began to focus his energy on Latin poetry.

According to an early interview, with the city snowed under during the Great Blizzard of 1978 in Chicago, the two began preliminary work on the Computerized Bulletin Board System, or CBBS.

In the early 1990s, the army began to undergo a generational change.

Stroustrup began developing C ++ in 1979 ( then called " C with Classes "), and, in his own words, " invented C ++, wrote its early definitions, and produced its first implementation ... chose and formulated the design criteria for C ++, designed all its major facilities, and was responsible for the processing of extension proposals in the C ++ standards committee.

Botany began with early human efforts to identify edible, medicinal and poisonous plants, making it one of the oldest branches of science.

According to this theory, the cycle of philosophical upheavals that in part drove the diversification of Buddhism into its many schools and sects only began once Buddhists began attempting to make explicit the implicit philosophy of the Buddha and the early suttas.