500 million mark German stamp - Hyper inflation in Germany in 1923: The Treaty of Versailles imposed a huge debt on Germany that could be paid only in gold or foreign currency. With its gold depleted, the German government attempted to buy foreign currency with German currency, an action equivalent to selling German currency in exchange for payment in foreign currency, but the resulting increase in the supply of German marks on the market caused the German Mark to fall rapidly in value, which greatly increased the number of Marks needed to buy more foreign currency. This caused German prices of goods to rise rapidly, increasing the cost of operating the German government, which could not be financed by raising taxes because those taxes would be payable in the ever-less-valuable German currency. The alternative was some combination of running a budget deficit and simply creating more money, each of which increased the supply of German currency on the market and reduced that currency's price.

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A Webdesk picture story. Category: Stamps

Technical details about this picture: This picture is by Yenra Photography. The camera shot with was a NIKON D600. The lens was AF-S VR Micro-Nikkor 105mm f/2.8G IF-ED. The camera profile used was Camera Vivid. The photo editing software to process this picture was Adobe Photoshop Lightroom 6.3 (Macintosh). The shutter speed for this pictures was 1/160. Film sensitivity was 400. Approximate focus distance was 0.38 meters. The bokeh perimeter was 0.030 mm.