Wednesday, February 20, 2008

German inflation stamps exhibit

We're all seen those multi-million German Marks stamps from the 1920s and wondered how was that possible. Well now there's a virtual philatelic exhibit that explains what happened.

The exhibit When Money Buys Little is posted on the Exponet website which hosts a number of interesting and fun exhibits from around the world.

According to exhibitor Jerry Jensen, "Following World War I, the world's investment and business community lost faith in Germany's ability to pay war reparations debts. Lacking resources, German money lost its value..." and the rest is philatelic history.

Shown above, the first page of the exhibit with part of a 1923 envelope franked with 2,100,000,000,000 Marks postage.

To view the exhibit, click here.
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posted by Don Schilling at 12:01 AM