Detail: Zimbabwe--100,000,000,000,000 dollars. 2008. Banknote. ANS 2012.10.1 Gift of Frederic G. Withington and François Velde
Inflation has been the "friend" of all major wars and crises throughout the 20th century, from 1920s Germany to the disintegration of Yugoslavia in the 1990s.
But inflation does not belong only to modern history. It occurs whenever a medium of payment becomes too abundant.
Visitors are invited to travel through time, space and a range of materials to discover inflation from Imperial Rome to contemporary Zimbabwe, from ancient coins to money-shells and banknotes that bear too many digits.
This journey will challenge commonly accepted concepts of money, value and wealth.
The Federal Reserve Bank of New York
Money Money, as a medium of exchange, progressively replaced self-sufficiency and barter. Money provides a...Read more
Metallic Objects We are used to considering money as a stamped object, whether minted or...Read more
From Republic to Empire Starting in the late 4th century B.C., the Roman Republic based...Read more
Coins of the Revolution The French monetary system under the monarchy, like most of the...Read more
From Napoleon to the Latin Monetary Union From 1803 until 1914, France kept a stable...Read more
Italy The lira was the official currency of Italy from its unification in 1861 until 2002, when...Read more
Hyperinflation Coins always had a degree of intrinsic value. With paper banknotes, this constraint disappeared....Read more
Early Federal America In 1792, the young United States of America defined its standard unit...Read more