This Day in History
The Money Game


On a day like today in 1944…

Counterfeiting declined during World War II, and the previous yearly average of $1 million in counterfeit notes fell close to $50,000. However, counterfeit stamps for war rationing became a prevalent fraudulent activity. And due to the large amount of Government checks being issued each day, the thefts and forgeries of Government checks and war bonds rose significantly.

When the Allies marched into Germany, they discovered a great international counterfeit threat. In Zipf, Austria, American soldiers discovered a huge plant and captured close to $100 million in counterfeit British notes. No trace of American money was found; however, it is believed that some backs of American currency had been made during the Nazi efforts. Allied forces found that Nazi concentration camp prisoners had been forced to print the bogus British and American bills. At the end of the war, a former employee of the U.S. Secret Service, then Lt. Col. George J. McNally, and Scotland Yard’s Inspector Reeves pieced together the Nazi’s counterfeit story of how the concentration camp inmates produced the bogus bills.





April's Archived Features:

Monday April 1, 2019
Tuesday April 2, 2019
Wednesday April 3, 2019
Thursday April 4, 2019
Friday April 5, 2019
Saturday April 6, 2019
Sunday April 7, 2019
Monday April 8, 2019
Tuesday April 9, 2019
Wednesday April 10, 2019
Thursday April 11, 2019
Friday April 12, 2019
Saturday April 13, 2019
Sunday April 14, 2019
Monday April 15, 2019
Tuesday April 16, 2019
Wednesday April 17, 2019
Thursday April 18, 2019
Friday April 19, 2019
Saturday April 20, 2019

 

 

 
All illustrations by Mort Künstler. Text by Michael Aubrecht, Dee Brown, Henry Steele Commager, Rod Gragg, Mort Künstler, Edward Lengel, James McPherson, and James I. Robertson, Jr. - Copyright © 2001-2019. All Rights Reserved. No part of the contents of this web site may be reproduced or utilized in any form by any means without written consent of the artist.