GERMANY - WEIMAR REPUBLIC (1918-1933) NOTGELD WAS USED WHEN THERE WERE SHORTAGES OF COINS OR IN TIMES OF HYPERINFLATION IN GERMANY AND AUSTRIA. THEY WERE NOT ISSUED BY THE GOVERNMENT OF GERMANY BUT BY LOCAL TOWNS OR BANKS. THE WEIMAR REPUBLIC (1919-1933), NAMED FOR THE TOWN WHERE THE CONSTITUTIONAL ASSEMBLY TOOK PLACE, FILLED THE POWER VACUUM AFTER THE COLLAPSE OF IMPERIAL GOVERNMENT AFTER WWI. IT SOUGHT TO ESTABLISH A PARLIAMENTARY GOVERNMENT, BUT WAS HAMPERED BY SEVERE PENALTIES INFLICTED BY THE TREATY OF VERSAILLES AND ENFORCED BY THE ALLIES, AS WELL AS ECONOMIC WOES BROUGHT ON BY THE GREAT DEPRESSION AND OVERWHELMING HYPERINFLATION OF CURRENCY.
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