Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.

Original Article: "<a href="https://mises.org/wire/smoke-or-not-smoke-cigarette-economy-postwar-germany-1945-48" target="_blank">To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48</a>"

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"{ai:summary}<p>Germany, post-WWII: occupied, ruined, chaotic economy. Germans resorted to using cigarettes as currency. #economy</p>

To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48

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