Banknotes as a Symbol of Economic and National Power. : A Case Study of German, French and Italian Banknotes in the 19th and First Half of the 20th Century.
Banknotes and their design play an important role in creating a nation’s identity.This paper analyzes the design of German, French and Italian banknotes in the period after the formation of national states in the 19th century until the outbreak of World War II. We take into account the economic development of these countries and relate it to banknote issuance. Our analysis reveals that the banknot