Friday, May 10, 2013

Inflation Nation

Zimbabwe went through a devastating economic crash starting in 2001 when the government seized all farmland and essentially shut down all exports and most of the jobs in the country. The Zimbabwean dollar started to inflate and by 2007 inflation got so bad that they began printing $100 trillion bills. Zimbabwe, shortly after, became the laughing stock in world economics and subsequently decided to scrap the Zimbabwean dollar all together to adopt the US dollar which is still used today.
The economy is still struggling to recover but at least people aren't buying groceries with $100 trillion dollar bills.

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