The strangely beautiful and sometimes droll currency of Germany’s deepest economic chaos

Warning: contains banknote showing donkey pooping money

This is actual German currency from around 1914 to 1923 when the country issued hundreds of varieties of so-called emergency currency (Notgeld, “emergency money”) as a response to a number of different economic crises. By far the most famous of these was the hyperinflation from 1921 to 1923, when 100-trillion mark notes were issued and the exchange rate was around 4 trillion marks to one U.S. dollar.  At bottom left are notes ranging from 100 to 100 million marks.

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