Tag Archives | inflation

"Notgeld" bill

The Intricate Makeshift Money Germans Relied On Between World Wars

From gizmodo.com: State-issued currency is the scaffolding upon which capitalism was built, but it’s always been prone to mayhem. For instance in 1920s Germany, extreme inflation forced German businesses to actually print millions of their own customized paper bills. Now largely forgotten, this notgeld, or “emergency money,” was once ubiquitous—amounting to an ornately-decorated I.O.U. in […]

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