This 200 Milliarden Mark Gutschein, or two billion Mark voucher, was issued by Th. Goldschmidt A.-G.. Styled after a banknote, the backside of this company scrip includes the company's monogram. Paper watermark features a triangle within a larger triangle design.
A leading company in the chemical industry, Th. Goldschmidt A.-G. was the second-largest European tin refinery by the turn of the century. The aluminothermic thermite process they employed was used to produce carbon-free metals such as chrome, ferrochomium and manganese. The thermite process was utilized in transportation systems as the main method to weld rails for streetcars and railroads.
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.
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|Original file type||TIFF|
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“Th. Goldschmidt A.-G. 200 Milliarden Mark Gutschein.” Essen, Germany: Th. Goldschmidt A.-G., September 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/ws859g60w.
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