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The devaluation of the Imperial Mark came because of reckless borrowing by the German Empire to finance the war.
The ending of that war was a disaster; negotiations of an Armistice designed to preserve the dignity of the French and German militaries lasted two months before the actual Armistice which was a surrender of forces and cessation of hostilities, but no political change.
Two Treaties each a year apart dragged out the misery, and however one reads it, income loss from Germany's colonies and allies killed the economy.
Reparation payments ultimately caught up with Germany.
Bill
Modeling is an excuse to buy books.
Opposite end of that sort of tale. Surrounded US troops in the Philippines in early 1942 were burning the payroll cash to prevent it from being captured by the Japanese. GIs were lighting their smokes using large bills.
F is for FIRE, That burns down the whole town!
U is for URANIUM... BOMBS!
N is for NO SURVIVORS...
- Plankton
LSM
LOL, that is a funny story. Back in the '80s, when the difference between Yugoslav Dinar and the German Mark was huge, we had a huge number of German tourists as it was very cheap for them to holyday in Yugoslavia. Some of them used the Dinar bills to also light their cigarettes. However, this was considered an offence among locals to the country, belittlin us and often the cops were called and the tourists were ordered to leave the country. I don't know if they were actually deported by certainly ordered to leave.
Funny story. When the Australians captured Tobruk in 1940, the Italians left loads of paper money lying around and it became popular amongst the Aussie troops to light their cigarettes with 50 and 100 Lire notes. Worthless in Tobruk everyone enjoyed the joke, until they found out that they were still worth their original price in Bengazi! Ouch.
I long to live in a world where chickens can cross the road without having their motives questioned
Need some pilé too... at the pectopah...
stikpusher Did somebody say pivo? I could go for one about now
Did somebody say pivo? I could go for one about now
0.5 l will cost you 25,000,000 dinar.
This reminds me of the early German currency after WWI in which due to the unconditional surrender, German currency was worthless.
Reside in Streetsboro, Ohio
Yes we were in Yugoslavia in September 1988. Very inexpensive to travel. We stayed in a big suite in Tito's villa at Lake Bled for maybe $ 200 a night.
Sadly everyone was pretty freaked out about what was coming. Beautiful place, made some friends I've kept in touch with, but I'm afraid I turned in my Dinars for Deutchmarks.
These are bills from former Yugoslavia, towards the end of the war when the inflation was stratospheric. You could maybe by a beer for some of these
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