20000 Mark Note
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20000 Mark Note
The hyperinflation the Weimar Republic 1921-1923. Back of a Banknote on 20 000 Mark edited at Berlin 20/2 1923. Date: 1921-1923
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Media ID 7230341
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10427027
Bank Note Crisis Currency Deutschmark Deutschmarks Economic Finance Financial Inflation Mark Marks Money Note Notes Thousand Twenty
EDITORS COMMENTS
This historic photograph captures the backside of a 20,000 Mark note issued during the hyperinflation period of the Weimar Republic in Germany, between 1921 and 1923. The note, edited in Berlin on February 20, 1923, bears the inscription "Deutschmark - Reichs-Bank Note" and the signature of the president of the Reichsbank, Hans Luther. The Weimar Republic's hyperinflation was a result of Germany's post-World War I economic instability, exacerbated by reparations payments required by the Treaty of Versailles. The value of the German Mark plummeted, leading to rampant inflation and the printing of large denomination notes like this one. The front of the note features a portrait of the German statesman, Paul von Hindenburg, while the back displays a detailed engraving of the Reichsbank building in Berlin. The note's design also includes a watermark of a bald eagle, a symbol of Germany's sovereignty and independence. This photograph offers a glimpse into the economic crisis that gripped Germany during the 1920s, a period marked by political instability, social unrest, and economic hardship. The hyperinflation led to the eventual introduction of the Rentenmark in 1923, which stabilized the German currency and paved the way for the country's economic recovery. Today, this 20,000 Mark note serves as a reminder of the economic challenges faced by Germany during the early 20th century and the resilience of the German people in the face of adversity.
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