This Zwanzig Milliarden/Hunderttausend Mark Gutschein, or twenty billion/one hundred thousand Mark voucher, was issued by Dynamit-Aktien Gesellschaft. Zwanzig Milliarden was printed over the original Hunderttausend Mark voucher due to rampant hyperinflation. Styled after a banknote, the frontside of the company scrip includes the company logo and facsimile signature of the company's founder Alfred Bernhard Nobel (1833-1896). Paper features a watermark design.
Dynamit-Aktien Gesellschaft produced dynamite by mixing nitroglcerine with diatomaceous earth, which was a patent they tightly controlled due to competition.
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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“Dynamit-Aktien Gesellschaft Zwanzig Milliarden/Hunderttausend Mark Gutschein.” Hamburg, Germany: Dynamit-Aktien Gesellschaft, October 23, 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/m900nv31p.
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