Basket full of banknotes during hyperinflation era in Weimar Germany 1923. By November 1922, the value in gold of money in circulation had fallen from £300 million before World War One, to £20 million. The Reichsbank responded by the unlimited printing of notes, thereby accelerating the devaluation of the mark.

Basket full of banknotes during hyperinflation era in Weimar Germany 1923. By November 1922, the value in gold of money in circulation had fallen from £300 million before World War One, to £20 million. The Reichsbank responded by the unlimited printing of notes, thereby accelerating the devaluation of the mark.
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Image Number: 1746-30016605Rights ManagedCredit Line:World History Archive/Image Asset Management/SuperStockCollection:Image Asset ManagementContributor:World History ArchiveModel Release:NoProperty Release:NoResolution:3983×5265
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