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500000000000 Mark note
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500000000000 Mark note
Mark note
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Media ID 7224743
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10427055
Bank Note Billion Crisis Currency Deutschmark Deutschmarks Economic Finance Financial Hundred Inflation Mark Marks Money Note Notes
EDITORS COMMENTS
1. Title: A Rare Sight: The 500 Trillion Mark Note - A Symbol of Germany's Hyperinflation Crisis in the Early 1920s. This image showcases a rare and historically significant financial artifact - a 500,000,000,000,000 (500 trillion) Mark note from the early 1920s. During this period, Germany experienced an unprecedented hyperinflation crisis, which led to the issuance of increasingly large denomination banknotes to keep up with the escalating prices. The German Mark, the currency of the German Empire and the Weimar Republic, had lost most of its value due to the country's economic instability following World War I. By 1923, a single US dollar was worth over 4.2 trillion Marks. To put it into perspective, the note displayed in this photograph is worth approximately 1.5 quadrillion US dollars today. This 500 trillion Mark note, also known as a "Zettel" or "Schmeckt's Schein," is a testament to the extreme economic instability that gripped Germany during this time. The note's reverse side features an image of the German eagle, a symbol of the German Reich, holding a wreath of oak leaves and an olive branch, while the obverse side displays the inscription "Deutsches Reich - Reichsbank - 500,000,000,000,000 Mark." The hyperinflation crisis came to an end in 1923 when the German government introduced the Rentenmark, a new currency backed by land and agricultural production, which helped stabilize the economy. This historical note serves as a reminder of the economic challenges faced by Germany during the 1910s and 1920s and is a fascinating piece of financial history.
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