Historical German money savings tin

Germany’s Long History of Money Savings Now Has Its Own Museum

By Stephen Fuchs on Email @StephenWFuchs

Germans carry with them a large number of stereotypes, and while many cultural generalizations lean on the comical or absurd, there is one most in Germany can be proud of — knowing how to save money — and the country’s history of frugality now has its own exhibition at the Deutsches Historisches Museum in Berlin.

Most private households, companies, organizations, and government institutions in Germany all have the concept of saving money engrained in their DNA. It is an idea that has been taught and passed down for generations and it is that very teaching that has left the country and its citizens largely unfazed by many recent worldwide economic hardships.

For those wondering how the Germans do it, the ‘Saving – History of a German Virtue’ exhibit at the Deutsches Historisches Museum will be able to answer the question.

German money savings flyer

Flyer Those who work and save – preserve German tradition!, around 1938

“It embarks on a search for the specific character of the German propensity to save, from its origins until today,” the museum says in its introduction. “Its precursors are taken into consideration, as are concrete historical manifestations of saving since the Late Enlightenment.”

Visitors will take a walk through numerous stages of German savings practices with the opening of the first German savings bank in Hamburg in 1778, through the various wartime eras, the separation of the East and West, and up to today’s methods and ideologies.

Saving – History of a German Virtue’ is currently open at the Deutsches Historisches Museum in Berlin and runs through August 26, 2018.

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Sources: Deutsches Historisches Museum

Photos: Deutsches Historisches Museum Berlin

Stephen Fuchs
Stephen founded German Pulse and LGBT Germany out of a passion to introduce Americans to a Germany that goes beyond beer and polka (although with enough beer he has been known to polka it up a bit). He's a coffee addict, lover of wine and good times, a hit in the kitchen and editor of TV commercials. You can follow him on Twitter (@StephenWFuchs) to find out a lot more.
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