1. 1923 Year of Crises

2. To find out: What inflation and Hyperinflation is When Hyperinflation occurred within Germany Images courtesy of M.Williams (NGfL Cymru)

3. 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

4. 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?

6. Berlin, 24 th June 1919

7. This banknote was issued in Berlin on the 1 st 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?

8. Use the number list below. How much is this bank note worth? OneEine TwoZwei ThreeDrei FourVier FiveFunf SixSechs SevenSieben EightAcht NineNeun TenZehn

9. HundredHundert ThousandTausend Ten ThousandZehntausend One Hundred Thousand Hunderttausend One MillionEine Million Use the number list below. How much is this bank note worth? OneEine TwoZwei ThreeDrei FourVier FiveFunf SixSechs SevenSieben EightAcht NineNeun TenZehn Millions = Millionen

10. Which town does the note come from? Can you find a date for when this banknote was issued? Stadt = city or town

11. Which town does the note come from? This banknote was issued on the 25 th September 1923.

12. 10 th August 192325 th September 1923 What do these bank notes tell you about the rate of inflation in Duisburg during the later part of 1923?

13. HundredHundert ThousandTausend Million(s)Million(en) BillionMillarden OneEine TwoZwei ThreeDrei FourVier FiveFunf SixSechs SevenSieben EightAcht NineNeun TenZehn This note was issued in Altona on the 10 th October, 1923.

14. What does this tell you about the value of the Mark across Germany by October 1923? Inflation Table

15. 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?

16. 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.

17. 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

18. 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