1923 year of crises. to find out: what inflation and hyperinflation is when hyperinflation occurred...
TRANSCRIPT
1923
Year of
Crises
To find out:
What inflation and Hyperinflation is
When Hyperinflation occurred within Germany
Images courtesy of M.Williams (NGfL Cymru)
July 1914 £1 = 20 marks
January 1919 £1 = 35 marks
January 1920 £1 = 256 marks
January 1921 £1 = 256 marks
January1922 £1 = 764 marks
January 1923 £1 = 71,888 marks
September 1923
£1 = 1,413,648 marks
October 1923 £1 = 3,954,408,000,000 marks
November 1923
£1 = 1,680,800,000,000,000 marks
When was this German banknote issued?
Use the table on the previous slide.
Roughly how many £’s was this banknote worth?
Click to see the back of the note
Stuck?
Berlin, 24th June 1919
This banknote was issued in Berlin on the 1st February 1923.
Roughly how many £’s was this banknote worth?
What does this tell you about the value of the German Mark in 1923 compared with 1919?
Use the number list below. How much is this bank note worth?
One Eine
Two Zwei
Three Drei
Four Vier
Five Funf
Six Sechs
Seven Sieben
Eight Acht
Nine Neun
Ten Zehn
Hundred Hundert
Thousand Tausend
Ten Thousand Zehntausend
One Hundred Thousand
Hunderttausend
One Million Eine Million
Use the number list below. How much is this bank note worth?
One Eine
Two Zwei
Three Drei
Four Vier
Five Funf
Six Sechs
Seven Sieben
Eight Acht
Nine Neun
Ten Zehn
Millions = Millionen
Which town does the note come from?
Can you find a date for when this banknote was issued?
Stadt = city or town
Stadt = city or town
Which town does the note come from?
This banknote was issued on the 25th September 1923.
10th August 1923 25th September 1923
What do these bank notes tell you about the rate of inflation
in Duisburg during the later part of 1923?
Hundred Hundert
Thousand Tausend
Million(s) Million(en)
Billion Millarden
One Eine
Two Zwei
Three Drei
Four Vier
Five Funf
Six Sechs
Seven Sieben
Eight Acht
Nine Neun
Ten Zehn
This note was issued in Altona on the 10th October, 1923.
This note was issued in Altona on the 10th October, 1923.
What does this tell you about the value of the Mark across
Germany by October 1923?
Inflation Table
What do all of the banknotes seen from 1923 tell you about the value of the German Mark during this year?
Discuss: What do you think could have been the cause
of such rapid inflation and hyperinflation?
Have you worked out what hyperinflation means yet?
A period of rapidly accelerating inflation where the price of goods rises continuously
and dramatically.
Money looses its value and goods become more wildly more expensive.
German Notes
http://www.germannotes.com/
The introduction to the site states: “Find out about German Paper
Money, history and facts about German banknotes and their historical
context. A vast amount of banknotes have been issued in Germany and
its regions. They are a mirror of German history, culture and politics.”
For further examples of German banknotes from this period you may like to visit:
For further information on this period of German History you could visit:
www.historylearningsite.co.uk/hyperinf.htm
END
July 1914 £1 = 20 marks
January 1919 £1 = 35 marks
January 1920 £1 = 256 marks
January 1921 £1 = 256 marks
January1922 £1 = 764 marks
January 1923 £1 = 71,888 marks
September 1923
£1 = 1,413,648 marks
October 1923 £1 = 3,954,408,000,000 marks
November 1923
£1 = 1,680,800,000,000,000 marks
BACK