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Paul Albarian & Associates, LLC, Jewelers  Retail, Burbank, CA

The Weimar Republic & German One Million Mark Note

German One Million Mark Note

Issued in 1923

In September of 1923, one loaf of bread cost 1,500,000 Marks

High national debt, mostly resulting from post-WW1 reparations to the allies, forced the Weimar Republic in Germany to increase (PRINT) their money supply, which created hyperinflation. In the 1920s, the German people were suffering from the effects of what we now know as The Great Depression, years before the United States and other countries. Order was mostly restored by 1924, when Germany issued a new currency. Nevertheless, Germans were plagued by anarchy, high inflation and hunger until 1933, when the diabolical dictator, Adolph Hitler, seized power and control over the nation.

Those who owned gold survived better and did not go hungry, because gold was one of the few things that held its value.