This 1.05 Goldmark = 1/4 dollar voucher was issued by Badische Anilin- & Soda-Fabrike after the German government created the Rentenmark to replace the old Reichsmark, which had become worthless due to hyperinflation. Cities and companies began issuing Goldmark paper money after the Rentenmark currency reform of October 15, 1923. Badische Anilin- & Soda-Fabrik and the city of Ludwigshafen issued notes in parallel with the same denominations. The backside of the bill includes the terms of the bill and an embossed seal. Paper features a watermark design.
As the first fully integrated chemical company in the world, Badische Anilin- & Soda-Fabrik was the world's largest chemical company by the the turn of the twentieth century. Ludwigshafen was the location of Badische Anilin- & Soda-Fabrik's main complex, which produced aniline dye.
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“Badische Anilin- & Soda-Fabrik 1.05 Mark Gold = 1/4 Dollar Gutschein.” Ludwigshafen am Rhein, Germany: Badische Anilin- & Soda-Fabrik, November 3, 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/m039k602w.
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