The German term (Goldene Zwanziger) is often applied to that country's experience of healthy economic growth, expansion of liberal values in society, and spurt in experimental and creative efforts in the field of art. Before this period, the Weimar Republic had experienced 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 as domestic fuel and everyday requirements such as food, soap, and electricity cost a wheelbarrow full of banknotes. It was only after radical economic reform measures initiated by the Weimar Republic, such as introduction of a new currency, the Rentenmark, tighter fiscal control, and a reduction in bureaucratic hurdles led to an environment of economic stability and prosperity in Germany.
The Golden Twenties in Germany is often referred to as a borrowed time, meaning that this time of exploring the arts, humanities, freedom, and financial stability was atypical and would soon end. America was the only country to come out of World War I without debt or reparations to pay. Germany owed a gross sum and had to take a loan from the US just to survive. No one had any hint that there would be a stock market crash with worldwide repercussions and that this crash would ruin Germany and set the stage for Hitler to come into power. Thus, the expression of a "borrowed time" came to being. It was the calm before the storm.
Germany shared many similar social trends with France and America at this time, such as the famous women's haircut called "the Bob" or "Bob cut", exploring clothing fashions, cabaret dancers, and performances, and dancing "the Charleston".
The art movement known as New Objectivity originated in Germany during this time.
Cabaret dancing was the first form of "strip tease". Customers often sat at a table in a night club or pub and waited to be entertained by the performances of nearly naked girls. These were much like the productions of the Moulin Rouge in Paris, France, during this time.
Anita Berber was a famous, even infamous, cabaret dancer during this so-called borrow time. She was known to have danced naked on top of her customers' tables, often while peeing on them and the table and/or hitting them with champagne bottles.