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    Economic Opportunity Costs

    With his superpowers, Peter Parker would no doubt do a fabulous job of tiling his kitchen backsplash. But as Spider-Man, he has more valuable things to do with his time.

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    Lesson Plan: Trading Planets

    Take a trade mission to planet Plutopia to discover why trading without a common currency is hard.

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    Ever wondered who decides what goes on Canadian coins or bank notes? Or why our coins have certain names and our notes are different colours? Use this guide to help answer some of your money-related questions!

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Notes from the Collection: Notgeld, Emergency Money from Interwar Europe

By: Patricia Measures


March 28, 2014

Short of change? Print your own

Notgeld, German for emergency money, first appeared at the beginning of World War One and was issued until 1924. Through these notes we can see the entire story of Germany’s experience with out-of-control inflation between the wars.

With the greater economic activity caused by war, the German government was unable to keep up with the increased demand for small change. To supplement government money issue, towns began to print their own forms of unofficial currency. The majority of the notes were printed on paper, but an assortment of materials such as ceramic, wood, cloth, metal foil, cardboard and leather were used. The faces of these notes feature everything from romantic folklore to the most grotesque social satire. Some of the images depicted can be a little odd or even bizarre, but with images of historic personages, buildings and scenes, they leave behind a cultural record of Germany during this period.

In 1967, the Bank’s National Currency Collection had the good fortune to acquire a large collection of notgeld from Germany and other European nations. The bulk of the collection consists of 15,567 notes from Germany and 3,901 from Austria, with very small numbers from Hungary, Belgium and Poland. At the time, the entire collection was accessioned as groups based on their countries of origin (accessioned: accepted into the collection and assigned a registration number unique to the group of objects). In order to digitize and update the National Currency Collection database, each individual note has to be assigned its own number, scanned and assessed by curatorial staff in order to update the information for each note.

As part of the project, each paper note is being carefully re-housed in acid-free, lignin-free, buffered tissue, and tagged with a new, individual accession number. The notes are being kept in their original scrapbooks in order to preserve the collection as it was assembled. Records suggest that this collection was from the estate of a Bürgermeister (“chairman of the executive council” or more commonly, mayor) who collected emergency money during WWI until the early 1930s.

This project has been in progress for some time and to date almost 7,000 notes have been rehoused, numbered and digitized. Future projects will include creating proper housings for the non-paper notes, as well as devising a conservation strategy for some of the damaged and fragile notes.

This is just one of the collection team’s many ongoing projects.

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Content type(s): Blog
Subject(s): Collection

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The Museum Blog

January 4, 2021

Economic Opportunity Costs

By: Graham Iddon


Man in a superhero costume crouching in an aisle of a home renovation warehouse.
With his superpowers, Peter Parker would no doubt do a fabulous job of tiling his kitchen backsplash. But as Spider-Man, he has more valuable things to do with his time.
Content type(s): Blog Subject(s): Education
November 30, 2020

How Many Groats Are in a Noble?

By: Graham Iddon


For daily users of modern money, getting an understanding of the old British system of currency can be an act of confusion and wonder. But it’s also a peep into 13 centuries of European numismatic history.
Content type(s): Blog Subject(s): Collection, History
November 27, 2020

Understanding Money: Common Questions

By: Nathan Sells


Ever wondered who decides what goes on Canadian coins or bank notes? Or why our coins have certain names and our notes are different colours? Use this guide to help answer some of your money-related questions!
Content type(s): Blog Subject(s): Education
November 2, 2020

Teaching Economics During the COVID-19 Pandemic

By: Adam Young


Authentic, teachable moments show students how the Bank of Canada is helping the economy navigate the COVID-19 pandemic.
Content type(s): Blog Subject(s): Education
October 21, 2020

The Story Behind the Engraving

By: Graham Iddon


The men on the back of this bill were part of a small community of families, a summer hunting camp called Aulatsiivik on Baffin Island.
Content type(s): Blog Subject(s): Collection, History

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613-782-8914

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