The E-Sylum:  Volume 6, Number 13, March 30, 2003, Article 19

FEATURED WEB SITE

  This week's featured web site is about German Inflationary
  Notgeld 1922-1923. "After WWI, Germany was plunged
  into one of the worst inflations ever to hit a western country
  as the government struggled with the truly massive punitive
  damages demanded by the Treaty of Versailles. During this
  brief period of hyper-inflation, people who did not convert
  their savings into tangible assets lost them completely.  Many
  bank accounts were closed because even large pre-war
  sums of 100,000 Marks were longer worth even the price
  of a postage stamp. The middle class was by and large
  reduced to poverty, theft and petty crime soared, pensions
  became worthless and many people starved to death.

  However an interesting by-product of this period was the
  rich variety of banknotes churned out from each town,
  displaying values of anything up to 100,000,000,000,000
  marks.  This web site is devoted to these incredibly
  high-value banknotes.

    http://www.geocities.com/Vienna/5373/notgeld.htm
  

  Wayne Homren, Editor

	coinbooks.org Web

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