WW1 Aftermath in Germany: Decline of the Deustchmark

This Deustchmark banknote was worthless in 1923.

WW1 Ends and The Deustchmark Declines

Finally, after four years of war, WW1 ended on November 11, 1918 with the German Armistice with the Allies. Even though the Germans, overwhelmed militarily and starving, they did not surrender. Instead, they agreed to the cessation of fighting and abdication of the Kaiser. The war officially ended six months later with the Treaty of Versailles. The terms of the Treaty drastically reduced Germany’s military and required huge reparations to the winning countries to pay for the war. The industrial and financial losses for Germany made life difficult for all Germans for the next 15 years. Therefore, the Deustchmark became worthless and the Nazi party grew.

The Wiemar Republic

The Wiemar Republic, officially the German Reich, established a new constitution in 1919 to replace the German Empire. Dolchstofflegende (stab-in-the-back myth) blamed Germany’s loss not on the military, but on civilian subversive forces. Many German people were unhappy about the Armistice, the abdication of the Kaiser, and the terms of the Treaty of Versailles. Therefore they blamed the Germans involved in the new republic. The blame was also placed on the Socialists, the Bolsheviks, and especially the Jews. The National Socialist German Workers’ Party (the Nazi party), formed in 1920, built itself on and expanded the myth. Hitler associated with the German Worker’s party in 1919, and capitalized on this platform to strengthen the party and build his power. The Deustchmark continued to decline during all this turmoil.

The Deutschmark Devalued

In 1922, there was much anxiety about paying the reparations, and multiple factions within the country were vying for power. The Deutschmark, valued at four marks per US dollar in 1914 became 32 marks per $1 in 1918. Unable to pay the huge amount of reparations owed to other countries, the government printed more paper money. The mark went from 330 per $1 in November 1921 to 4,000,000,000,000 per $1 in November 1923. This hyperinflation made the German mark worthless. The Deutschmark was revised in 1924 and based on the gold mark rather than just paper currency.

Willy Geheb always wanted adventure and success and he was not happy with what he was seeing in Germany. The family was constantly struggling to survive and the future looked bleak. He decided to leave Germany to experience some adventures and to become the successful man he wanted to be.



Weimar Republic: https://www.bbc.com/bitesize/guides/zgf3nbk/revision/1

Join Willy’s Facebook page: https://www.facebook.com/DearWillyStory

Purchase a print or e book: https://www.dearwillybook.com/buy-book/


About The Book

This is a story told through the descriptive journals and letters written by ordinary people living through extraordinary times. In their own words, the Geheb family share their adventures. heartaches, love, and passions from 1914 to 1947 in Germany and America. You will be inspired by the strength and perseverance of the German Gehebs and the never-ending love and devotion that Willy Oswald Geheb had for his family.

Website Design by P3 Agency | Privacy Policy