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Germany , Thursday 16 April 2026

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

Published on: Saturday 08 July 2023

During the three years after World War II, Germans—facing a ruined economy and wildly depreciating currency—turned to cigarettes as a medium of exchange on a massive scale.


News source: https://mises.org/wire/smoke-or-not-smoke-cigarette-economy-postwar-germany-1945-48


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