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Re: [S-R] Currency change 1919

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  • Michael Mojher
    Thomas, This link may help www.lib.uchicago.edu/e/busecon/guides/Currencies.html#print ... From: TR HOMEMAIL To: SLOVAK-ROOTS@yahoogroups.com Sent: Saturday,
    Message 1 of 3 , Dec 30, 2006
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      Thomas,
      This link may help
      www.lib.uchicago.edu/e/busecon/guides/Currencies.html#print
      ----- Original Message -----
      From: TR HOMEMAIL
      To: SLOVAK-ROOTS@yahoogroups.com
      Sent: Saturday, December 30, 2006 6:31 PM
      Subject: [S-R] Currency change 1919


      Does someone have information (and links) on how the change from the
      Austro-Hungarian crown to the CSR Crown was done in 1919? By how much was
      the money devaluated?

      Thanks

      Thomas





      [Non-text portions of this message have been removed]
    • Milan Huba
      I checked out the web site and found a lot of interesting information but could not find the information about converting Austro-Hungarian crowns to
      Message 2 of 3 , Jan 2, 2007
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        I checked out the web site and found a lot of interesting information but
        could not find the information about converting Austro-Hungarian crowns to
        Czechoslovakian crowns. The information may be there somewhere, but if it
        is, I was just not smart enough to find it.


        Here is what I know about this subject. Immediately after the collapse of
        the Hapsburg monarchy, the newly formed Republic of Czechoslovak
        reauthorized the old Austrio-Hungarian currency for use in Czechoslovakia
        with stamps or overprints. For example, a special blue 20 Heller
        Czechoslovakian stamp was pasted on the old Austrian 20 Kronen note and a
        black and red stamp-like overprint was printed on the Austrian 1000 Kronen
        note. Notes of these denominations, as well notes of other denominations
        were either stamped or overprinted and used as currency in the newly formed
        Republic of Czechoslovakia. Czechoslovakia first started printing it own
        currency in April of 1919.



        Czechoslovakia continued using the old Austro-Hungarian coins until 1921
        when they started minting their own coins. For a while both the new and old
        coinage circulated together and were used for small transactions.



        How much the money was devalued is a much more difficult question. Most
        of the devaluation occurred during the war when the Austrio-Hungarian Kronen
        lost much of its value due to rampant inflation. For example back in 1892,
        four Austro-Hungarian Kronen were approximately equal to one United States
        Dollar. Of course back then, a dollar was a lot more than it is today.
        Towards the end of the war it took more than fifty Kronen to purchase one
        dollar.



        -----Original Message-----
        From: SLOVAK-ROOTS@yahoogroups.com
        [mailto:SLOVAK-ROOTS@yahoogroups.com]On Behalf Of Michael Mojher
        Sent: Saturday, December 30, 2006 9:20 PM
        To: SLOVAK-ROOTS@yahoogroups.com
        Subject: Re: [S-R] Currency change 1919


        Thomas,
        This link may help
        www.lib.uchicago.edu/e/busecon/guides/Currencies.html#print
        ----- Original Message -----
        From: TR HOMEMAIL
        To: SLOVAK-ROOTS@yahoogroups.com
        Sent: Saturday, December 30, 2006 6:31 PM
        Subject: [S-R] Currency change 1919

        Does someone have information (and links) on how the change from the
        Austro-Hungarian crown to the CSR Crown was done in 1919? By how much
        was
        the money devaluated?

        Thanks

        Thomas

        [Non-text portions of this message have been removed]






        [Non-text portions of this message have been removed]
      • Bill Tarkulich
        on 10 April 1919, a currency reform took place, defining the new koruna as equal in value to the Austro-Hungarian krone. Source:
        Message 3 of 3 , Sep 26 4:29 AM
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          "on 10 April 1919, a currency reform took place, defining the new koruna as
          equal in value to the Austro-Hungarian krone.
          Source: http://en.wikipedia.org/wiki/Czechoslovak_koruna

          -----Original Message-----
          From: Michael Mojher [mailto:mgmojher@...]
          Sent: Saturday, December 30, 2006 10:20 PM
          To: SLOVAK-ROOTS@yahoogroups.com
          Subject: Re: [S-R] Currency change 1919

          Thomas,
          This link may help
          www.lib.uchicago.edu/e/busecon/guides/Currencies.html#print
          ----- Original Message -----
          From: TR HOMEMAIL
          To: SLOVAK-ROOTS@yahoogroups.com
          Sent: Saturday, December 30, 2006 6:31 PM
          Subject: [S-R] Currency change 1919


          Does someone have information (and links) on how the change from the
          Austro-Hungarian crown to the CSR Crown was done in 1919? By how much was
          the money devaluated?

          Thanks

          Thomas





          [Non-text portions of this message have been removed]



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