This Fünfzig Milliarden Mark Gutschein, or fifty billion Mark voucher, was issued by Chemische Werke P. Römer & Company (Chemical Works P. Römer & Company). Paper features a watermark design.
Chemische Werke P. Römer & Company produced calcium dichloride, fluorosilicates, hyrochloric acid, sulfuric acid and superphosphates.
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.
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“Chemische Werke P. Römer & Co. Fünfzig Milliarden Mark Gutschein.” Bernburg, Germany: P. Römer & Company, October 26, 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/6969z170d.
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