Babylon, the city made great by Hammurabi and his code, and made famous by the story of the Tower of Babel, was the site of the first recorded inflation, which lasted a decade! Alexander the Great was responsible for it... he was also mummified in Babylon.
This pic of a couple of years ago shows a Polish helicopter hovering over the ancient city of Babylon (about 10 kilometers from Hilla).
More general information about Babylon, from ancient times to present day can be found here.
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