It is a term, mostly used in Europe, to describe the 1920's, in which most of the continent had an economic boom following the First World War and the severe economic downturns that took place between 1919-1923.

It is often applied to Germany, which during the early 1920s, experienced, like most of Europe, record-breaking levels of inflation of one trillion percent between January 1919 and November 1923. The inflation was so severe that printed currency was often used for heating and other uses, and every-day needs like food, soap, electricity, cost a wheelbarrow full of bills. Such events triggered the Rise of Fascism in Italy, as well the ill-fated Beer Hall Putsch, masterminded by a young Adolf Hitler. Jump to: navigation, search The Beer Hall Putsch occurred in the evening of Thursday, November 8 to early afternoon of Friday, November 9, 1923 when the nascent Nazi partys Führer Adolf Hitler, the popular World War I General Erich Ludendorff, and other leaders of the Kampfbund, unsuccessfully tried... Jump to: navigation, search Adolf Hitler [▶] (April 20, 1889 – April 30, 1945) was Chancellor of Germany from 1933 and Führer und Reichskanzler (Leader and Chancellor) of Germany from 1934 to his death. ...

Before long, the Weimar Republic managed the tame the extreme levels of inflation by the introduction of a new currency, the [[Rentenmark]], with tighter fiscal controls and reduction of bureaucracy, leading to a relative degree of political and economic stability

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