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

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

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Tags Bureaucracy and RegulationEconomic PolicyFree MarketsU.S. HistoryWar and Foreign PolicyWorld History

07/25/2023T. Hunt Tooley
Narrator: 
Millian Quinteros

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.

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

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Contact T. Hunt Tooley

Hunt Tooley is A.M. Pate, Jr., Professor of History at Austin College. He received his Ph.D. in history at the University of Virginia. He is the author of The Great War: Western Front and Home Front.

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