WC-001 · 1923
Germany · Papiermark
The German Papiermark — War Debt, the Printing Press, and a Trillion-to-One Reset
WWI + reparations · Replaced
Documented case files of currencies destroyed by war finance — the empires, occupations, and civil wars that funded themselves with the printing press until the money was worth less than the paper it was printed on. Each traced from the first emergency note to the reform, the replacement, or the repudiation on the record.