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German Marks For Confetti
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German Marks For Confetti
New York, New York: December 31, 1923. The proprietor of the new Maison Arthur Grill distributed $100, 000, 000 in German marks to be used for confetti on New Years Eve, 1923. The exchange rate then in December, 1923, was between 3.4 to 5.72 billion marks to the dollar. In January of 1923 it was between 7, 000 to 48, 000 marks to the dollar
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Media ID 9736231
© Underwood Archives/UIG
1920s 1923 B And W Bills Caucasian Appearance Currency Evening Dress Evening Gowns Evening Wear Formal Wear Holidays Money Monochromatic Monochrome Promotional Confetti Flapper New Years New Years Eve Paper Money
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EDITORS COMMENTS
In this photograph from December 31,1923, we witness a unique spectacle that took place in New York City. The proprietor of the newly established Maison Arthur Grill decided to make an extravagant gesture to mark the arrival of the new year. With great fanfare, he distributed an astounding $100,000,000 worth of German marks to be used as confetti on New Year's Eve. This extraordinary event occurred during a time when Germany was grappling with hyperinflation. The exchange rate for German marks fluctuated dramatically between 3.4 to 5.72 billion marks to the dollar in December alone. Just one month earlier, in January 1923, it had been even more staggering at rates ranging from 7,000 to 48,000 marks per dollar. The image captures a moment frozen in history - elegant men and women dressed in evening gowns and formal wear showered by cascades of worthless German paper money turned confetti. Amidst the monochromatic scene filled with excitement and anticipation for the coming year, flappers dance joyfully while holding handfuls of these now nearly valueless bills. This vintage photograph not only serves as a reminder of past celebrations but also offers us a glimpse into an era marked by economic turmoil and uncertainty. It is a testament to human resilience and creativity as people found ways to celebrate despite challenging circumstances. (Word count: 248)
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