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Archival Photo of Germany’s Economic Collapse of 1924 - $25 (near Chelsea)
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Within a few months of that stupid decision, the mark became worthless. The middle class virtually disappeared, paving the way for political turmoil for the next six years.
In 1924, Adolph Hitler was sentenced to five years in prison, but the economic calamity paved the way for his later rise to poeer.
The government wisely decided to replace the old Papiermark with the new Rentenmark in 1924, the year of this photo.
It shows two men and a boy “baling” piles of the old German mark, soon to be destroyed.
The photo print measures 8 x 10 inches and came from the American Heritage Magazine archives. Based on notations on the back of the photo, it was actually used in an article.
As you can see, the photo is in excellent condition. Please excuse the crude watermark, but I’ve had too many people “borrow” my photos for unauthorized reproductions.