This Einhundert Millionen Mark Gutschein, or one hundred million Mark voucher, was issued by Tonerde Werke Curtius A.G., or Curtius Clay Works. The paper features a watermark design.
Curtius ran an ultramarine dye factory, soda ash works and sulfuric acid works located in Duisberg, Germany. Curtius also operated an alum works at Eichelkamp.
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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“Tonerde Werke Curtius A. G. Einhundert Millionen Mark Gutschein.” Duisburg, Germany: Curtius, August 15, 1923. Robert J. Bauman collection. Science History Institute. Philadelphia. https://digital.sciencehistory.org/works/xw42n885n.
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