DOSSIER Inflation 1922-1923 76 Images
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Inflation 1922-1923
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  1. Stack of Rentenmark in the basement of the Reichsbank, 1923 Scherl/Süddeutsche Zeitung Photo
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    Headline: Stack of Rentenmark in the basement of the Reichsbank, 1923
    Date: 01.01.1923
    Image text: An employee in front of stacks of Rentenmark in the basement of the Reichsbank. The Reichsmark was an interim currency, created by the law from 13.10.1923, in order to stabilize the German currency during the inflation after the First World War. A Rentenmark complied with one trillion paper marks. In 1924, it was replaced by the Reichsmark.
    Photo: Scherl
    Image number: 00040482
  2. Postage on a letter from Germany during the inflation, 1921 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Postage on a letter from Germany during the inflation, 1921
    Date: 01.01.1921
    Image text: Postage stamps worth 1,094,000,000,000 Marks on a letter from Germany to the Lloyds Bank in London.
    Photo: SZ Photo
    Image number: 00294765
  3. Inflation: money, token money, banks, money transport during the inflation, 1922/23 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: money, token money, banks, money transport during the inflation, 1922/23
    Date: 01.01.1923
    Image text: Laundry baskets on a pushcart contain salaries, which are to be paid on the same day. Inflation: money, emergency currency, banks, 1922-1923, Germany 1919-1932, Weimar Republic
    Photo: SZ Photo
    Image number: 00294766
  4. Ten billion Reichsmark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Ten billion Reichsmark, 1923
    Date: 01.01.1923
    Image text: Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294767
  5. Coin chart, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Coin chart, 1923
    Date: 01.01.1923
    Image text: Coin chart for the determination of prices in the old and new currency after the currency changeover from Reichs- to Rentenmark. Convertion guidelines were sold everywhere.
    Photo: SZ Photo
    Image number: 00294769
  6. Inflation: money, token money,banks, campaign advertising of the DDP, 1924 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: money, token money,banks, campaign advertising of the DDP, 1924
    Date: 01.01.1924
    Image text: The German Democratic Party advertised, during the 1924 election campaign, with a hand that ignites bills with a torch, under the motto "Against an inflation - imperial unity of the Republic - detachment from our enemies". In 1923 the introduction of the Rentenmark, at the proposal of the DDP politician Schacht, stabilized the currency system in Germany. Inflation: money, emergency money, banks, 1922-1923, Germany 1919-1932, Weimar Republic.
    Photo: SZ Photo
    Image number: 00294770
  7. International Expert Commission on Stabilization of the Mark, 1920 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: International Expert Commission on Stabilization of the Mark, 1920
    Date: 29.10.1922
    Image text: The international expert commission consult about the stabilization of the Mark. From left Prof. Gustav Cassel from Sweden, Ph. Brand from England,?, Leopold Dubois from Switzerland, John Maynard Keynes from England, Secretary of State Schroeder, de Beaufort from France.
    Photo: SZ Photo
    Image number: 00294771
  8. One trillion Reichsmark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: One trillion Reichsmark, 1923
    Date: 05.11.1923
    Image text: Banknote worth one trillion Reichsmark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294772
  9. Emergency money, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Emergency money, 1923
    Date: 01.01.1923
    Image text: Collection of various Notgelds (emergency money). Everyone prints his money himself, the post on postchecks, the community, private companies issue emergency money or vouchers. Thus, the papiermark is taken last.
    Photo: SZ Photo
    Image number: 00294773
  10. Written stamp, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Written stamp, 1923
    Date: 20.10.1923
    Image text: The post has to write stamps with value, here 2 million Marks, on the letters, since the Reichsdruckerei (Reich Printing Office) could not keep up with the depreciation of money and stamps.
    Photo: SZ Photo
    Image number: 00294774
  11. Emergency money, 1923 Scherl/Süddeutsche Zeitung Photo
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    Headline: Emergency money, 1923
    Date: 01.01.1922
    Image text: Use of materials such as porcelain, leather, briquette, cardboard, silk and wood as emergency money. As on this photograph, banknotes made of plywood boards and the coins of wood. This emergency money had only a limited validity.
    Photo: Scherl
    Image number: 00294775
  12. Emergency money, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Emergency money, 1923
    Date: 15.02.1923
    Image text: Check, crocheted edition, made of fabric, of the Stadtsparkasse Bielefeld on ten thousand Marks. On the check is a picture of a coal mine with workers, the listings of the reparation payments to be made by Germany and the desire to be free again.
    Photo: SZ Photo
    Image number: 00294776
  13. Emergency money, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Emergency money, 1923
    Date: 15.02.1923
    Image text: Check, crocheted edition, made of fabric, of the Stadtsparkasse Bielefeld on ten thousand Marks. On the check is a picture of a coal mine with workers, the listings of the reparation payments to be made by Germany and the desire to be free again.
    Photo: SZ Photo
    Image number: 00294777
  14. Price information, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Price information, 1923
    Date: 01.01.1923
    Image text: This article in the "Berliner Lokalanzeiger" provides information about the daily rates for local transport and for coal.
    Photo: SZ Photo
    Image number: 00294778
  15. Price information, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Price information, 1923
    Date: 01.01.1923
    Image text: The "Berliner Lokalanzeiger" provides information about various daily prices, such as food, value investments (silver and gold). At the same time, it also informs about the current conversion rates.
    Photo: SZ Photo
    Image number: 00294779
  16. Inflation: money, emergency money, banks SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: money, emergency money, banks
    Date: 01.01.1923
    Image text: For a train ride, German citizens pay billions and trillions. This photograph shows an excerpt from the "Berliner Lokalanzeiger" with lists of the daily prices for the Reichsbahn, food, short and long distance telegraph transmission.
    Photo: SZ Photo
    Image number: 00294780
  17. Enormous prices for railway tickets, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Enormous prices for railway tickets, 1923
    Date: 01.01.1923
    Image text: For a train ride, German citizens pay billions and trillions. This photograph shows an excerpt from the "Berliner Lokalanzeiger" with lists of the daily prices for the Reichsbahn, food, short and long distance telegraph transmission.
    Photo: SZ Photo
    Image number: 00294781
  18. Fifty million Marks, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Fifty million Marks, 1923
    Date: 01.09.1923
    Image text: Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294782
  19. Emergency banknotes for sale after the depreciation, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Emergency banknotes for sale after the depreciation, 1923
    Date: 01.01.1923
    Image text: The cities offer collectors their emergency money "after the depreciation". Like here the city of Bautzen in a newspaper ad.
    Photo: SZ Photo
    Image number: 00294783
  20. Ten thousand Mark, 1922 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Ten thousand Mark, 1922
    Date: 19.01.1922
    Image text: Ten thousand Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294784
  21. Fifty thousand mark, 1922 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Fifty thousand mark, 1922
    Date: 19.11.1922
    Image text: Fifty thousand Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294785
  22. One million Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: One million Mark, 1923
    Date: 07.08.1923
    Image text: Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294786
  23. One million Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: One million Mark, 1923
    Date: 09.08.1923
    Image text: Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294787
  24. Two million Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Two million Mark, 1923
    Date: 09.08.1923
    Image text: Two million Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294788
  25. Twenty million Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Twenty million Mark, 1923
    Date: 25.07.1923
    Image text: Twenty million Reichsmark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294789
  26. Twenty thousand Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Twenty thousand Mark, 1923
    Date: 20.02.1923
    Image text: Twenty thousand Mark. With the rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294790
  27. Ten million Mark note, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Ten million Mark note, 1923
    Date: 22.08.1923
    Image text: Ten million Mark note. With the rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294791
  28. Emergency money of the city Straubing, 1921 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Emergency money of the city Straubing, 1921
    Date: 01.01.1921
    Image text: Emergency money, which is valid only in the city district Straubing.
    Photo: SZ Photo
    Image number: 00294792
  29. Fifty million Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Fifty million Mark, 1923
    Date: 25.07.1923
    Image text: Fifty million Mark note. With the rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294793
  30. Five billion Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Five billion Mark, 1923
    Date: 20.10.1923
    Image text: Five billion Mark note. With the rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294794
  31. Ten billion Mark note, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Ten billion Mark note, 1923
    Date: 01.10.1923
    Image text: Ten billion Mark note. With the rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294795
  32. One hundred trillion Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: One hundred trillion Mark, 1923
    Date: 01.01.1923
    Image text: One hundred trillion Mark is the highest value of the German inflation. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294796
  33. One hundred trillion Mark, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: One hundred trillion Mark, 1923
    Date: 26.10.1923
    Image text: One hundred trillion Mark is the highest value of the German inflation. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294797
  34. Billion banknotes, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Billion banknotes, 1923
    Date: 01.01.1923
    Image text: With rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294798
  35. Money with high monetary value, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Money with high monetary value, 1923
    Date: 01.01.1923
    Image text: Banknotes with high monetary value. With rising inflation, monetary values become more and more astronomical.
    Photo: SZ Photo
    Image number: 00294799
  36. Bond of the German Reich, 1917 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Bond of the German Reich, 1917
    Date: 15.03.1917
    Image text: The German bourgeoisie buys war bonds in huge quantities to cover the cost of war during the First World War.
    Photo: SZ Photo
    Image number: 00294800
  37. Inflation banknote, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation banknote, 1923
    Date: 01.09.1923
    Image text: Inflation bill worth one million Mark of Bezirkssparkasse Landau an der Isar in Lower Bavaria. Due to the increasing inflation banknotes with astronomical monetary value are being issued.
    Photo: SZ Photo
    Image number: 00294801
  38. Inflation coupons, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation coupons, 1923
    Date: 01.01.1923
    Image text: Inflation coupons on different amounts of rye above from Oldenburg and below from Strelitz.
    Photo: SZ Photo
    Image number: 00294802
  39. Inflation coupon, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation coupon, 1923
    Date: 28.11.1923
    Image text: Coupon with stable value for coal, bread, flour, lard and pasta from the company Gebrueder Spohn GmbH in Neckarsulm.
    Photo: SZ Photo
    Image number: 00294803
  40. Warning poster, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Warning poster, 1923
    Date: 01.01.1923
    Image text: The government tried in vain to stop the frenzied fall of the currency with proclamations and calls. Posters and warnings, such as that of the Society for the Dissemination of Economic Knowledge, explain the difference between profit and sham gains, but no one listens to it.
    Photo: SZ Photo
    Image number: 00294804
  41. Overprint banknote, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Overprint banknote, 1923
    Date: 01.01.1923
    Image text: A thousand Mark bill with One billion Mark overprint of the Reichsbank, because the Reichsbank could not keep up with the reprint of banknotes.
    Photo: SZ Photo
    Image number: 00294805
  42. Inflation: poverty, misery of the population, firewood collectors during the inflation in 1923 Scherl/Süddeutsche Zeitung Photo
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    Headline: Inflation: poverty, misery of the population, firewood collectors during the inflation in 1923
    Date: 01.01.1923
    Image text: During the coal price increase and the radical currency devaluation firewood collectors go home by train. inflation, poverty, misery of the population, 1922-1923, Germany 1919-1932, Weimar Republic.
    Photo: Scherl
    Image number: 00294806
  43. Inflation: poverty, misery of the population, demonstration during the inflation in Berlin, 1923 Scherl/Süddeutsche Zeitung Photo
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    Headline: Inflation: poverty, misery of the population, demonstration during the inflation in Berlin, 1923
    Date: 01.09.1923
    Image text: inflation, distress, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic
    Photo: Scherl
    Image number: 00294807
  44. Leaflet calls for work, Berlin, 1922/23 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Leaflet calls for work, Berlin, 1922/23
    Date: 01.01.1922
    Image text: A leaflet in Berlin calls to take employment during the inflation in Germany.
    Photo: SZ Photo
    Image number: 00294808
  45. Inflation: misery, poverty of the population, queue during the inflation in Berlin, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: misery, poverty of the population, queue during the inflation in Berlin, 1923
    Date: 01.01.1923
    Image text: People wait in line for goods in Berlin. Inflation: misery, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic.
    Photo: SZ Photo
    Image number: 00294809
  46. Inflation: misery, poverty of the population, unemployed people demonstrate in Berlin, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: misery, poverty of the population, unemployed people demonstrate in Berlin, 1923
    Date: 24.11.1923
    Image text: Demonstration in Berlin at the time of the inflation. Inflation: misery, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic
    Photo: SZ Photo
    Image number: 00294810
  47. Inflation: misery, poverty of the population, soup kitchen in Berlin, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: misery, poverty of the population, soup kitchen in Berlin, 1923
    Date: 01.01.1923
    Image text: Food for the poor people of Berlin in a soup kitchen during the inflation. Inflation: misery, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic
    Photo: SZ Photo
    Image number: 00294811
  48. Inflation: "Raffke" (profiteer) character SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: "Raffke" (profiteer) character
    Date: 01.01.1922
    Image text: Scene depicting a so-called "Raffke" character, a scoundrel who profits from inflation by speculating and trafficking.
    Photo: SZ Photo
    Image number: 00294812
  49. Inflation: "Raffke" (profiteer) character SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Inflation: "Raffke" (profiteer) character
    Date: 01.01.1923
    Image text: Scene from a contemporary film: the so-called "Raffke" or trafficker type, profiteers in the period of inflation.
    Photo: SZ Photo
    Image number: 00294813
  50. Cartoon on money-grubber in Germany after the First World War, 1923 SZ Photo/Süddeutsche Zeitung Photo
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    Headline: Cartoon on money-grubber in Germany after the First World War, 1923
    Date: 01.01.1923
    Image text: Caricature of crisis profiteers after the First World War in Germany
    Photo: SZ Photo
    Image number: 00165723
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