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Hyper inflation medal/token 1923 Germany
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<p>[QUOTE="chrisild, post: 1928939, member: 39"]Saxony is still in Eastern Germany, hehe. (I know what you mean.) In the 1920s the state was in the central south, sort of. As for the "message" of the piece, well, on 1 Nov 1923 the Rentenmark was introduced which brought the hyperinflation period to an end. So this one was issued after (but probably not long after) that date.</p><p><br /></p><p>Of course many people did suffer (hence the "Leidensweg"); 260 bn mark* for one pound (500 g) of bread, that sure is a tremendous amount. Even worse, prices went up significantly within hours. And yes, many in Germany believed that what followed WW1, from the "winners of the armistice" POV, was harsh. Think of the Belgian-French occupation of the Ruhr area earlier in the year of that medal.</p><p><br /></p><p>But while most medals by Karl Goetz, for example, were pretty bad anti-French (and anti-British etc.) propaganda, this one puts the emphasis on how people struggled with and during the inflation. There are similar medals (like <a href="http://www.museum-digital.de/san/singleimage.php?imagenr=2514&inwi=1&w=1275&h=664" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.museum-digital.de/san/singleimage.php?imagenr=2514&inwi=1&w=1275&h=664" rel="nofollow">this one</a>) which in my opinion are primarily reminders of the "bad days" as well.</p><p><br /></p><p><i>* A German "Milliarde" - see the " 260 Milliard." on the medal - is the same as an American "billion". And our "Billion" is a trillion for you ...</i></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1928939, member: 39"]Saxony is still in Eastern Germany, hehe. (I know what you mean.) In the 1920s the state was in the central south, sort of. As for the "message" of the piece, well, on 1 Nov 1923 the Rentenmark was introduced which brought the hyperinflation period to an end. So this one was issued after (but probably not long after) that date. Of course many people did suffer (hence the "Leidensweg"); 260 bn mark* for one pound (500 g) of bread, that sure is a tremendous amount. Even worse, prices went up significantly within hours. And yes, many in Germany believed that what followed WW1, from the "winners of the armistice" POV, was harsh. Think of the Belgian-French occupation of the Ruhr area earlier in the year of that medal. But while most medals by Karl Goetz, for example, were pretty bad anti-French (and anti-British etc.) propaganda, this one puts the emphasis on how people struggled with and during the inflation. There are similar medals (like [URL='http://www.museum-digital.de/san/singleimage.php?imagenr=2514&inwi=1&w=1275&h=664']this one[/URL]) which in my opinion are primarily reminders of the "bad days" as well. [I]* A German "Milliarde" - see the " 260 Milliard." on the medal - is the same as an American "billion". And our "Billion" is a trillion for you ...[/I] Christian[/QUOTE]
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Hyper inflation medal/token 1923 Germany
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