Catalogue information

LastDodo number
5205937
Area
Miscellaneous
Title
München - 1923
Manufacturer / publisher
Collection / set
Sub-set
Number in collection
Year
1923
Dimensions
Country / area
Language
Number of pages
Person
Designer
Material
Colour
Part
Details

In 1923 the German government could no longer put all zeros on the stamps. The German hyperinflation of 1922-1923 is the best known. This inflation was a result of the French occupying the Ruhr area to enforce reparations from the Germans. The German government then chose to continue paying the workers who went on strike in protest. For that purpose, paper marks were printed en masse. This was, of course, a political choice. The politicians could also have chosen not to continue to pay salaries, to levy higher taxes, to cut back more or to issue government loans. At its peak, prices became ten times higher daily than the previous day. Banknotes were even used as fuel for the stove, because they gave more heat than the fuel that could be bought with the same amount of banknotes. Envelope of Hotel in Munich. In 1923 many Dutch people in Germany went on a cheap holiday.

This text has been translated automatically from Dutch

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