When the value of the German Mark fell after the First World War, the German economy began a downward spiral that culminated in the period of hyperinflation in 1923.
Germany created a new government called the Weimar Republic but it was unable to stabilize the country, since they had to pay reparations for the war.
As such, Germany printed a lot of money which lost its value from day to day. This section shows some of these inflation notes in ever-increasing denominations.
During the hyperinflation, the Reichsbank issued more and more banknotes as the economy plummeted. The notes were produced and circulated in large quantities, although this did not help the economy survive.
