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Hyperinflation – Involuntary Millionaires and Worthless Money

Hyperinflation

Involuntary Millionaires and Worthless Money

We have chosen to postpone the opening of the museum and the exhibition Hyperinflation, as we want to help reduce the spread of the coronavirus in society. We will release a new opening date when we know more about how the current situation develops. We look forward to welcoming you as a visitor.

What happens to everyday life when money becomes worthless? You suddenly have more money than you could ever have dreamed of, but it’s still not enough. The exhibition takes us into hyperinflation. What survival strategies are needed in this kind of economic crisis, and what causes it?

Economic crisis

Hyperinflation is nothing new. This form of economic crisis has affected many countries throughout history, and entails devastating consequences for communities and people. Venezuela is currently suffering from severe hyperinflation. The most famous historical example was the crisis that struck Germany in the 1920s in the aftermath of World War I.

Emergency notes and a cheese coin

In the exhibition, exciting objects are displayed from the museum’s collections from hyperinflation crises throughout the ages. They include: the highest denomination ever – 100 million pengo – issued in Hungary after World War II, German emergency notes and a cheese coin from Russia.

Worthless money

A wallet and bag made from worthless Venezuelan banknotes are also displayed.

Constantly changing prices

The exhibition explores the concepts of inflation and hyperinflation. Visitors get to reflect on questions such as: How do you shop in an everyday life where prices are constantly changing and no one knows what the money will be worth the next day? How does life change, and are there both winners and losers in hyperinflation crises? The role of central banks and the importance of confidence in the currency are discussed.

From the 20th century to today

The exhibition features films co-created with the Swedish National Bank about how money is created, what inflation really is and how central banks work during economic crises.

The exhibition also presents examples of various solutions to hyperinflation, as well as a timeline depicting hyperinflation crises around the world and throughout Sweden’s economic history, from the 20th century to the present day.

Find the exhibition area

You will find the exhibition Hyperinflation on the entrance level in the museum. Please, ask the entrance service if you have questions.

Published2020.09.28

Updated2020.11.20

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