Advanced Search

Learn About The Holocaust

Special Collections

My Saved Research




Skip to main content

Bremen, emergency currency voucher, 50 pfennig, with anti-Jewish cartoon

Object | Accession Number: 2016.184.842

State of Beverungen, Germany, emergency currency voucher [tostedt] for 50 pfennings issued during the hyperinflation in the early 1920s. This note was a temporary issue, valid for one year. On the back is an image with two Jewish men in silhouette hanged from a tree and left for crows to eat. Germany experienced severe financial crises following World War I (1914-1918.) The war effort was supported by borrowed money and on money printed without the resources to support it. The new Weimar Republic now had to make large reparations payments to the victors. Inflation was unstoppable: in 1919, there were 47 marks to a dollar; in 1922, it went from 1000 to 7000; and then in 1923, from17,000 to 4,200,000,000,000. Right wing propaganda had scapegoated Jews for losing the war. Antisemitism traditionally surged during uncertain economic times, and now it was inflamed as many politicians and members of the public blamed the Jews for the financial crises. Widely circulated antisemitic slogans accused Jews of taking all the gold and money and leaving Germans Dreck. The bank note is one of more than 900 items in the Katz Ehrenthal Collection of antisemitic visual materials.

issue:  1921
issue: Hannover (Germany)
Exchange Media
Credit Line
United States Holocaust Memorial Museum Collection, Gift of the Katz Family
Record last modified: 2022-07-28 18:30:46
This page: