1 000 000 Mark Fried. Krupp - Friedrich-Alfred-Hütte

Krupp's Friedrich-Alfred-Hütte steelworks, located in Rheinhausen on the Rhine, issued this emergency million-mark note during the hyperinflation peak of 1923 — a period when major industrial firms across the Ruhr were printing their own Notgeld simply to meet weekly payroll. By mid-1923, the Reichsmark was losing value faster than the Reichsdruckerei could print denominations large enough to keep pace, and factory-issued scrip became a practical necessity rather than a novelty.

Friedrich-Alfred-Hütte was Krupp's primary steel and armor plate facility, named after Friedrich Alfred Krupp, the son of Alfred. The plant's captive currency was accepted at company stores and by local merchants dependent on Krupp wages — its geographic reach was narrow and its lifespan, measured in weeks.