2000000 Mark note
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2000000 Mark note
The hyperinflation the Weimar Republic. Front of a Banknote on 2 000 000 Mark editedin Berlin 9/8 1923. Date: 1923
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Media ID 7224781
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10427042
Bank Note Crisis Currency Deutschmark Deutschmarks Economic Finance Financial Inflation Mark Marks Million Money Note Notes
EDITORS COMMENTS
This image showcases the front side of a historic 2,000,000 Mark note printed in Berlin on September 8, 1923, during the tumultuous period of hyperinflation in the Weimar Republic of Germany. The date "1923" is prominently displayed in the top left corner, serving as a stark reminder of the economic crisis that engulfed the nation during this decade. The Weimar Republic, established in 1919 following the end of World War I, faced numerous challenges, including the aftermath of war reparations, political instability, and the onset of the Great Depression. These factors, combined with an excessive printing of paper money to finance the government's expenses, led to a rapid increase in prices and the devaluation of the German Mark. By 1923, the situation had reached a critical point, with the value of the Mark plummeting. This 2,000,000 Mark note, featuring a portrait of the German Emperor Friedrich Barbarossa, was one of the highest denomination banknotes ever issued during this period. The large denomination was a desperate attempt to keep up with the ever-increasing cost of goods and services. The back of this note, as well as its counterpart, the 10,000,000 Mark note, is equally intriguing, showcasing a detailed scene of the Siegesallee (Victory Avenue) in Berlin. These notes, now collector's items, serve as a poignant reminder of the economic turmoil that once gripped Germany and the lengths to which a government will go to preserve its currency during a time of crisis.
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