An article about the German economy in a recent issue of The Economist
starts off with, "A stamp collection in Berlin’s German Historical Museum sums up what, to
many Germans, is the price of economic recklessness. A Weimar-era
postage stamp worth five pfennigs in 1920 doubled in price the following
year, then jumped to ten marks in 1922. It cost 30 marks in January
1923, 1,000 marks in May and 800,000 marks in October. By the end of
1923, sending a letter took ten billion marks. Next to this 'document of
an insane era', the museum shows how worthless banknotes were defaced
by Nazis with caricatures of Jewish speculators. It was at the height of
hyperinflation, explains the display, that Hitler staged his failed
Munich beer-hall putsch."
For more on hyperinflation and the Weimar Republic postage stamps, click here
for additional photos and information.