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1 000 000 Mark Arbeitgeber-Vereinigung
| Issuer | Arbeitgeber-Vereinigung für Düsseldorf und Umgegend e.V. |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| In circulation to | Yes |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Arbeitgeber-Vereinigung Düsseldorf Mk. 1000000 * Die Arbeitgeber-Vereinigung für Düsseldorf und Umgegend e. V. in Düsseldorf haftet für die Auszahlung von Eine Million Mark gegen Aushändigung dieses Scheines. Die Gültigkeit erlischt am 15. September 1923. Düsseldorf, den 9. August 1923. Der Geschäftsführer: Eine Million Mark |
| Reverse description | The reverse is printed in red and black on the same pale yellow guilloche-patterned ground, with the issuer's name in Gothic blackletter repeated along the top and bottom borders and the denomination Eine Million Mark running vertically in both side margins. A large central cursive red script inscription reads Eine Million Mark within the plain inner field. A two-line declaration in Fraktur type at the lower centre states that the note is accepted at face value by all public cashiers and banks in the Stadtkreis Düsseldorf. |
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| Comments |
The Arbeitgeber-Vereinigung für Düsseldorf und Umgegend — the employers' association for Düsseldorf and its surroundings — issued emergency currency during the hyperinflation of 1923, a period when the Reichsmark collapsed so rapidly that private organizations, municipalities, and industrial firms had no choice but to print their own Notgeld to meet payroll. By mid-1923, a single U.S. dollar was worth hundreds of thousands of marks, rendering Reichsbank supply perpetually inadequate.
Employer associations issuing wage-payment scrip was a practical solution to a logistical crisis, not a financial one. Workers needed something — anything — to buy bread before the exchange rate shifted again by afternoon.