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    #1

    dollar and gold price

    Please make the following in red clear.

    Inflation was moderate at first. The dollar and gold price of the mark improved sharply in 1920-1921.

    Does it mean "the value of the mark was higher than those of dollar and gold. You had to pay more dollars and more gold than before to buy mark"?

    Thank you.

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    #2

    Re: dollar and gold price

    I think it might mean the opposite- you got more marks for your dollars or gold in 1920-1921 than before. (Not an economist)

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    #3

    Re: dollar and gold price

    It is talking about Germany's inflation in the past. So it seems to mean that the value of the mark was declining and that they could exchange less dollars or gold for more marks. I think you are right. Let me quote some more.

    Germany suspended its gold standard and started running the printing press in 1914 at the start o World War 1. But it took six years for a real hyperinflation to get started. Inflaion was moderate at first. The dollar and gold price of the mark improved sharply in 1920-1921. Shlaes tells us, "Many financial analysts thought the Weimar authorities weren't producing enough money."

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    #4

    Re: dollar and gold price

    In the wider context, it could mean that the mark increased in value.

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    #5

    Re: dollar and gold price

    I would think it means that the mark increased in value. If economists thought that not enough marks were being produced, then then each mark that did exist would be worth more.

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