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Encyclopedia > Notgeld

Notgeld is German for "Emergency Money". Money is a marketable good or token that acts as a store of value, a medium of exchange and a unit of account. ...


During the early 20th century special money was given out in Germany to cater for economic crisis situations. This money was not, as normally, issued by the central bank (Reichsbank), but by various other institutions, e.g. banks, municipalities, private and state-owned firms. It was therefore not a legal tender but rather a mutually accepted means of payment. (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999 in the... Economics (in Greek Οικονομικά) derives from the Greek word Eco(οίκω=house) and nemo(νέμω=distribute) is the social science that studies the allocation of scarce resources through measurable variables. ... Crisis is also the name of a British comic published from 1988 to 1991 — see Crisis (comic) — and a heavy metal group Crisis (band) — and a 1946 film directed by Ingmar Bergman — see Crisis (film) Crisis is a term meaning a testing time or emergency event. It is a concept... A 100 Mark banknote issued by the German Reichsbank in 1908 (http://www. ... An institution is a group, tenet, maxim, or organization created by a group of humans. ... The essential function of a bank is to provide services related to the storing of value and the extending of credit. ... A municipality or general-purpose district (compare with: special-purpose district) is an administrative local area generally composed of a clearly defined territory and commonly referring to a city, town, or village government. ... Legal tender is payment that cannot be refused in settlement of a debt. ...


Notgeld was mainly issued in the form of (paper) banknotes. Sometimes other forms were used, as well: coins, leather, silk, linen, stamps, aluminium foil, coal and all sorts of re-used paper and carton material (e.g. playing cards). Piece of paper Paper is a thin, flat material produced by the compression of fibres. ... A £20 Ulster Bank banknote. ... 1¢ euro coin A coin is generally a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money. ... Modern leather-making tools Leather is a material created through the tanning of hides, pelts and skins of animals, primarily cows. ... Silk (< OE sioloc probably < L. SERICVS / Gr. ... Torn linen cloth, recovered from the Dead Sea Linen is a material made from the fibers of the flax plant. ... A stamp is a distinctive mark or impression made upon an object, for instance those made on a piece of paper and used to indicate the prepayment of a fee or tax. ... Aluminium foil (aluminum foil in North American English) is aluminium prepared in thin sheets (on the order of . ... Coal is a fossil fuel extracted from the ground either by underground mining, open-pit mining or strip mining. ...


Notgeld during the Great War

A Pfennig Notgeld from Germany of 1918 (www.germannotes.com (http://www.germannotes.com/faq_notgeld_ww1.shtml))
A Pfennig Notgeld banknote from Germany of 1918 (www.germannotes.com (http://www.germannotes.com/faq_notgeld_ww1.shtml))

The first large issue of Notgeld started during World War I. Due to the Inflation - caused by the cost of the war - the value of the material that a coin was minted from was higher than its denomination. Many institutions started to hoard coins. Additionally the metals used to mint coins were needed for the production of war supplies. This caused a massive shortage, which was remedied by issuing banknotes in small denominations. Ypres, 1917, in the vicinity of the Battle of Passchendaele. ... 50 Pfennig Notgeld Germany 1918 This image is in the public domain in the United States and possibly other jurisdictions. ... A £20 Ulster Bank banknote. ... Ypres, 1917, in the vicinity of the Battle of Passchendaele. ... A denomination is a unit of currency. ...


As these banknotes were very colorful, they soon became a target for collectors. As the issuing bodies realised this demand they continued to issue these notes beyond their economic necessity up till 1921. The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). ... 1921 was a common year starting on Saturday (see link for calendar). ...


Notgeld during the German Hyperinflation

A 500,000,000 Mark Notgeld from Germany of 1923 (www.germannotes.com (http://www.germannotes.com/faq_grossnotgeld.shtml))
A 500,000,000 Mark Notgeld banknote from Germany of 1923 (www.germannotes.com (http://www.germannotes.com/faq_grossnotgeld.shtml))

In 1922 inflation started to get out of control. Until 1923 the value of the Mark deteriorated faster and faster. New money in higher denominations was issued constantly. The central bank could not cope with the logistics of the necessary supply of money and Notgeld (Papiermark) was issued again - this time in denominations of thousands, millions and billions of Mark. A 1,000,000,000 (1 billion) Mark banknote, issued in Bavaria/Germany during the hyperinflation of 1923 (http://www. ... 500 Million Mark Notgeld Germany 1923 File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A £20 Ulster Bank banknote. ... 1922 was a common year starting on Sunday (see link for calendar). ... 1923 was a common year starting on Monday (link will take you to calendar). ... As well as being a popular male name, Mark is the name of several things of interest: Biblical Mark the Evangelist - one of the gospel writers of the life of Jesus. ... Papiermark ([[German: Paper mark) was the nickname for the banknotes issued during the hyperinflation in Germany in 1922 and mainly 1923. ...


  Results from FactBites:
 
Notgeld - definition of Notgeld in Encyclopedia (299 words)
Notgeld was mainly issued in the form of (paper) banknotes.
A Pfennig Notgeld banknote from Germany of 1918 (www.germannotes.com (http://www.germannotes.com/faq_notgeld_ww1.shtml))
Due to the Inflation - caused by the cost of the war - the value of the material that a coin was minted from was higher than its denomination.
German Notgeld and Emergency Money Information - Inflation and World War 1 Germany (427 words)
In Germany Notgeld was used for instance in the towns of Mansfeld in Thuringia (1622), Kolberg (1807) - besieged by the French Napoleonic army - and Erfurt (1813) – in French occupation besieged by the Prussian army.
Non-German issues of Notgeld are known from the Baltic region of Russia (from 1813).
Notgeld was mostly valid as a means of payment only for a limited period and in a specific region.
  More results at FactBites »

 
 

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