Hugo Stinnes-Riebeck Montan und Oelwerke Fünf Millionen Mark Gutschein
Hugo Stinnes-Riebeck Mining and Oil Works five million Mark voucher
- 1923-Sep
This Fünf Millionen Mark Gutschein, or five million Mark voucher, was issued by Hugo Stinnes-Riebeck Montan und Oelwerke (Hugo Stinnes-Riebeck Mining and Oil Works). Styled after a banknote, the recto and verso of this company scrip include crossed hammer and pick symbols representing the mining industry.
With dealings in mines and oil, Hugo Stinnes-Riebeck Montan und Oelwerke was owned by Hugo Stinnes, one of the most powerful industrialists and politicians in post-World War One Germany. Referred to as the "Inflationskönig" (inflation king), Stinnes used his influence to borrow large sums of Reichmarks, which he repaid years later with nearly worthless currency due to hyperinflation.
This German company scrip is an example of the hyperinflation which occurred in Germany after World War One as a result of reparation costs. Due to the devaluation of the Mark, companies began issuing their own currency that employees could use within their company stores. The high value of this currency is indicative of the hyperinflation of the Mark whose value decreased drastically from early 1923 through November 1923.
Property | Value |
---|---|
Publisher | |
Place of publication | |
Format | |
Genre | |
Extent |
|
Language | |
Subject | |
Rights | Public Domain Mark 1.0 |
Credit line |
|
Department | |
---|---|
Collection |
View collection guide View in library catalog
“Hugo Stinnes-Riebeck Montan Und Oelwerke Fünf Millionen Mark Gutschein.” Germany: Hugo Stinnes-Riebeck Montan und Oelwerke, September 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/d504rm188.
This citation is automatically generated and may contain errors.
The Science History Institute recognizes there are materials in our collections that may be offensive or harmful, containing racist, sexist, Eurocentric, ableist, or homophobic language or depictions. The history of science is not exempt from beliefs or practices harmful to traditionally marginalized groups. The Institute is engaged in ongoing efforts to responsibly present and address the evidence of oppression and injustice inextricable from the history of science. If you would like to learn more about our ongoing efforts or if you encounter harmful, inaccurate, or insufficient descriptions, please contact us at digital@sciencehistory.org.