Hyperinflation Collection

1923 German Hyperinflation
A boy and men with a pile of useless Deutsch mark banknotes as hyperinflation hits Germany in 1923

One Million German Mark banknote - 1923 - testament to the hyperinflation experienced by the Weimar Republic in the early 1920s. Date: 1923

A Man ruined by the depreciation of assignats, 1796 (colour litho)
CHT157329 A Man ruined by the depreciation of assignats, 1796 (colour litho) by French School, (18th century); Musee de la Ville de Paris, Musee Carnavalet, Paris

Hyperinflation in Weimar Germany: members of the public queuing outside the Reichsbank in Berlin with suitcases to
6000252 Hyperinflation in Weimar Germany: members of the public queuing outside the Reichsbank in Berlin with suitcases to carry their money

Assignats, paper bills issued as currency from 1789 to 1796 during the French Revolution. They were initially backed by the value of expropriated properties

Burning money, 1920s German inflation C016 / 4519
Burning money. Woman burning German currency (German Papiermark) during the hyperinflation in Germany in the early 1920s. Before World War I, the Germany currency was known as the Goldmark

People outside Anglo-Austrian Bank, Vienna, Austria
A crowd of people outside the Anglo-Austrian Bank, Vienna, Austria, probably during the era of hyperinflation. On the left is the Austrian Animal Welfare Society. Date: circa 1920s

Hyperinflation in Germany after World War I. Hundred thousand Reichsmark note, 1923

Hyperinflation in Germany post World War I: Woman uses bank notes to fuel a stove

Fifty Million Reischsmark bank note of 1923 during Hyperinflation in Weimar Republic Germany

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Hyperinflation refers to a devastating economic phenomenon that wreaked havoc on various countries throughout history. One of the most infamous cases occurred in Germany during 1923, known as the German Hyperinflation. This catastrophic event led to unimaginable consequences for the German people. During this period, the value of money plummeted at an alarming rate. The depreciation was so severe that it resulted in mind-boggling banknotes, such as the One Million German Mark banknote from 1923. These exorbitant denominations were printed in colorful lithographs and showcased the staggering inflationary spiral. The impact was not limited to Germany alone; other nations also experienced similar crises. In 1796, a man's life was ruined by assignats' depreciation, depicted vividly in a color lithograph from that era. In Weimar Germany, citizens faced dire circumstances due to hyperinflation. People were seen queuing outside the Reichsbank with suitcases filled with devalued currency in July 1923 - a poignant black and white photograph capturing their desperation. Banknotes became mere pieces of paper with little purchasing power during this time. Examples like the Five Hundred Mark banknote from 1922 or even more astonishingly, Twenty Million Mark banknote from 1923 displayed how rapidly these currencies lost their value. Even higher denominations emerged amidst this chaos: Twenty and Fifty Million Mark banknotes illustrated through vibrant lithographs symbolized an economy spiraling out of control. The devastation continued with notes like Five Million Marks or Ten Thousand Marks becoming virtually worthless overnight. Colorful lithographs showcasing these once-valuable currencies now serve as reminders of financial ruin caused by hyperinflation. One cannot forget about extraordinary denominations like Five Hundred Thousand Marks or even One Billion Mark banknotes issued during this tumultuous period - each representing astronomical figures that seemed inconceivable before hyperinflation took hold.