For sale is a Lot Of WW1 To WW2 German Inflation Notes consisting of 10 Million, 1 Million, 1000, 20, 20 and 1 marks. Al in reasonably good condition, please see photos for more details.
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace. To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing, a decision criticized by financial experts such as Hjalmar Schacht as a dangerous risk for currency devaluation.
The government believed that it would be able to pay off the debt by winning the war and plundering the defeated Allies. This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany, similar to the French indemnity that followed German victory over France in 1870. Thus, the exchange rate of the mark against the US dollar steadily devalued from 4.2 to 7.9 marks per dollar, a preliminary warning to the extreme postwar inflation.
This strategy failed as Germany lost the war, which left the new Weimar Republic saddled with massive war debts that it could not afford, a problem exacerbated by printing money without any economic resources to back it. The demand in the Treaty of Versailles for reparations further accelerated the decline in the value of the mark, with 48 paper marks required to buy a US dollar by late 1919.
This will be sent via 1st class signed for and dispatched within two to three working day’s.For sale is Lot Of 7 WW2 Japanese Occupation Bank Notes Southern Development Bank Notes. Japanese invasion money, officially known as Southern Development Bank Notes (Japanese: 大東亜戦争軍票 Dai Tō-A Sensō gunpyō, "Greater East Asia War military scrip"), was currency issued by the Japanese Military Authority, as a replacement for local currency after the conquest of colonies and other states in World War II. In February 1942 in Japan, laws were passed establishing the Wartime Finance Bank and the Southern Development Bank. Both institutions issued bonds to raise funds. The former loaned money primarily to military industries, but also to a wide range of other ventures, including hydroelectric generators, electric power companies, shipbuilding and petroleum. The latter provided financial services in areas occupied by the Japanese military, and Southern Development Bank notes were in fact used as de facto military scrip. In December 1942, the outstanding balance of Southern Development Bank notes stood at more than 470 million; in March 1945, more than 13 billion. These will be sent 1st class signed for and dispatched within two to three working day’s.
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