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DOSSIER Inflation 1922-1923 76 Images

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Series: Inflation 1922-1923

Series:

Inflation 1922-1923

Stack of Rentenmark in the basement of the Reichsbank, 1923

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.

Postage on a letter from Germany during the inflation, 1921

Postage stamps worth 1,094,000,000,000 Marks on a letter from Germany to the Lloyds Bank in London.

Inflation: money, token money, banks, money transport during the inflation, 1922/23

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

Ten billion Reichsmark, 1923

Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Coin chart, 1923

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.

Inflation: money, token money,banks, campaign advertising of the DDP, 1924

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.

International Expert Commission on Stabilization of the Mark, 1920

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.

One trillion Reichsmark, 1923

Banknote worth one trillion Reichsmark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Emergency money, 1923

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.

Written stamp, 1923

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.

Emergency money, 1923

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.

Emergency money, 1923

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.

Emergency money, 1923

Price information, 1923

This article in the "Berliner Lokalanzeiger" provides information about the daily rates for local transport and for coal.

Price information, 1923

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.

Inflation: money, emergency money, banks

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.

Enormous prices for railway tickets, 1923

Fifty million Marks, 1923

Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Emergency banknotes for sale after the depreciation, 1923

The cities offer collectors their emergency money "after the depreciation". Like here the city of Bautzen in a newspaper ad.

Ten thousand Mark, 1922

Ten thousand Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Fifty thousand mark, 1922

Fifty thousand Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.

One million Mark, 1923

Due to the increasing inflation banknotes with astronomical monetary value are being issued.

One million Mark, 1923

Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Two million Mark, 1923

Two million Mark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Twenty million Mark, 1923

Twenty million Reichsmark. Due to the increasing inflation banknotes with astronomical monetary value are being issued.

Twenty thousand Mark, 1923

Twenty thousand Mark. With the rising inflation, monetary values become more and more astronomical.

Ten million Mark note, 1923

Ten million Mark note. With the rising inflation, monetary values become more and more astronomical.

Emergency money of the city Straubing, 1921

Emergency money, which is valid only in the city district Straubing.

Fifty million Mark, 1923

Fifty million Mark note. With the rising inflation, monetary values become more and more astronomical.

Five billion Mark, 1923

Five billion Mark note. With the rising inflation, monetary values become more and more astronomical.

Ten billion Mark note, 1923

Ten billion Mark note. With the rising inflation, monetary values become more and more astronomical.

One hundred trillion Mark, 1923

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.

One hundred trillion Mark, 1923

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.

Billion banknotes, 1923

With rising inflation, monetary values become more and more astronomical.

Money with high monetary value, 1923

Banknotes with high monetary value. With rising inflation, monetary values become more and more astronomical.

Bond of the German Reich, 1917

The German bourgeoisie buys war bonds in huge quantities to cover the cost of war during the First World War.

Inflation banknote, 1923

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.

Inflation coupons, 1923

Inflation coupons on different amounts of rye above from Oldenburg and below from Strelitz.

Inflation coupon, 1923

Coupon with stable value for coal, bread, flour, lard and pasta from the company Gebrueder Spohn GmbH in Neckarsulm.

Warning poster, 1923

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.

Overprint banknote, 1923

A thousand Mark bill with One billion Mark overprint of the Reichsbank, because the Reichsbank could not keep up with the reprint of banknotes.

Inflation: poverty, misery of the population, firewood collectors during the inflation in 1923

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.

Inflation: poverty, misery of the population, demonstration during the inflation in Berlin, 1923

inflation, distress, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic

Leaflet calls for work, Berlin, 1922/23

A leaflet in Berlin calls to take employment during the inflation in Germany.

Inflation: misery, poverty of the population, queue during the inflation in Berlin, 1923

People wait in line for goods in Berlin. Inflation: misery, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic.

Inflation: misery, poverty of the population, unemployed people demonstrate in Berlin, 1923

Demonstration in Berlin at the time of the inflation. Inflation: misery, poverty of the population, 1922-1923, Germany 1919-1932, Weimar Republic

Inflation: misery, poverty of the population, soup kitchen in Berlin, 1923

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

Inflation: "Raffke" (profiteer) character

Scene depicting a so-called "Raffke" character, a scoundrel who profits from inflation by speculating and trafficking.

Inflation: "Raffke" (profiteer) character

Scene from a contemporary film: the so-called "Raffke" or trafficker type, profiteers in the period of inflation.

Cartoon on money-grubber in Germany after the First World War, 1923

Caricature of crisis profiteers after the First World War in Germany

Voucher of the Reichspost Ministry from the inflation period, 1923

Voucher of the Reichspost Ministry of over fifty trillion Marks.

Stack of Rentenmark in the safe of the Reichsbank, 1923

An employee in front of stacks of Rentenmark (Debt Security Mark) in the basement of the Reichsbank. The Rentenmark was a currency created by law in 10.13.1923, to stabilize the German currency during the inflation after the First World War. A Rentenmark was the equivalent of one trillion paper marks. In 1924 she was replaced by the Reichsmark.

A Man standing in front of Berlin's Schlossparktheater reading about ticket prices, Berlin Steglitz, 1923 (b/w photo)

instead of money natural produce was used to purchase theatre tickets during the economic crisis,

Inflation in Germany, 1923

A List of prices for newspaper readers in November 1923 before the introduction of the Rentenmark.

Fifty Reichsmark

A banknote of fifty Reichsmark, which was released in 1924 after the inflation.

Municipal butter sale during the inflation in Germany, 1922

Because of the inflation in the time after WWI, groceries also became very expensive. Even the butter, which was subsidized by the city of Berlin, cost 68 Marks per pound. Police oversee the municipal butter sale.

Delivery of money in a furniture van, 1923

During the period of the inflation after the war ended, banknotes are delivered with a furniture van in money baskets.

Laundry baskets with money in the Reichsbank, 1923

Money carriers with baskets of money during the inflation waiting at the counter of the Reichsbank in Berlin.

Construction costs during the inflation on a bridge, 1923

The "Trillion bridge" over the Mach at Singen, with a commemorative plate at the bridgehead immortalizing the sum of the construction costs which was depreciated enormously during the inflation.

Postage on a letter from Germany during the inflation, 1921

On a letter from Germany to the Lloyds Bank in London are stuck stamps in worth of 1,094,000,000,000 marks.

emergency money, 1921

Notgeld (emergency money) of cities and communities during the period of inflation: the notes and the coins from Leipzig are made of wood and plywood, leather and porcelain were also used.

Berliner people before an egg store, 1919

During the period of inflation Berliner look at the posted price of eggs, according to which an egg costs 1.50 marks - before the war the amount of 15 or 16 pieces costed that much.

Inflation, 1922

During the inflation of the year 1922/23, a reward of 5 million Marks was offered for the assistance in the capture of burglars

Coins as commodity, 1923

One man writes down the value of various coins. Through the inflation, the coins became commercial property due to their metal value.

Destruction of money during the inflation, 1923

The old bills with which one could still feed a family a few weeks ago, end up the paper press at the rag picker.

Money couriers waiting outside a branch of the Reichsbank in Berlin

During the inflation in 1923 money couriers wait outside a branch of the Reichsbank with large bags to take banknotes for their companies in the Jaegerstrasse in Berlin.

Currency devaluation, 1923

A ten million mark banknote issued at the time of inflation in 1923.

Currency devaluation, 1923

A twenty thousand mark banknote issued at the time of inflation in 1923.

Currency devaluation, 1923

Banknotes issued at the time of the inflation in 1923.

Banknote, 1923

A five billion mark banknote from 1923.

Policeman guards bills during the inflation

During the inflation after the First World War, the monetary depreciation took large proportions. Here a policeman guarding paper money that is ready to be burnt.

Berliner people buy potatoes, 1922

A policeman supervises the sale of potatoes during the inflation. A pound of potatoes costs 32 marks.

Protest against tax burdens, 1922

Self-employed craftsmen and traders demonstrate during the period of the inflation against taxes that harm the middle classes.

Hunger, barting for food, lack of coal 1918-1924

Hunger, barting for food, lack of coal 1918-1924, Germany 1919-1932 Weimar Republic

Railway official with purchased potato, 1922

During the inflation, an official of the State Railways bought potatoes and transports them home with a hand-cart.

Inflation: A couple from the city transport food purchased in the countryside on a bicycle with an auxiliary engine, 1922 (b/w photo)

During the time of inflation many town-dwellers went to the countryside to exchange valuable objects for food - this was known as 'Hamsterkauf' (panic buying),