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5 000 000 Mark Krupp
| Issuer | Fried. Krupp Aktiengesellschaft Essen |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Fried. Krupp Aktiengesellschaft Essen nimmt für 5 MILLIONEN MARK diesen Gutschein in Zahlung bis 31. Dez. 1923. Essen, 30. Juli 1923. Das Direktorium: |
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| Protection type | Guilloche underprint |
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| Comments |
Krupp's internal emergency currency — Notgeld in the industrial sense — was a practical necessity during the hyperinflation of 1923, when the Reichsmark's collapse made paying tens of thousands of workers in state-issued currency operationally impossible. The Essen steelworks was one of Germany's largest employers, and issuing its own scrip allowed wages to clear before the money became worthless in transit. These notes were redeemable at Krupp's own company stores and affiliated outlets, keeping purchasing power within the firm's economic orbit.
The five-million denomination reflects a specific window in 1923's inflation curve — by November of that year the figure would have seemed absurdly modest.