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The Papiermark (German: [paˈpiːɐ̯ˌmaʁk] ⓘ; lit. 'paper mark', officially just Mark, sign: ℳ︁) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I.
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918.
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The German Papiermark (often just Papiermark) was the money of the Weimar Republic, from 1919 to 1923. On 15 November 1923 it was replaced by the Rentenmark , and in 1924, the Reichsmark became the official money.
The Rentenmark ( German: [ˈʁɛntn̩maʁk] ⓘ; RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used "paper" Mark had become almost worthless. [1] It was subdivided into 100 Rentenpfennig and was replaced in 1924 by the Reichsmark .
Oct 8, 2022 · The name Goldmark was created later to distinguish it from the Papiermark (paper mark) which suffered a serious loss of value through hyperinflation following World War I (see Hyperinflation in the Weimar Republic). The gold mark was on a gold standard with 2790 marks equal to 1 kilogram of pure gold (1 mark = 358 mg).
The Papiermark (German: [paˈpiːɐ̯ˌmaʁk]; lit. 'paper mark', officially just Mark, sign: ℳ) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923.
Apr 9, 2024 · This Weimar-era banknote represents the 1st denomination of the 4th Issue Papiermark (Paper Mark). or Paper Mark. Formally known as either the “Republic Treasury Notes” or the “Weimar Republic Reichsbanknote”. Papiermark were first issued on 4 August 1914 and have their origin in World War I (1914-1918) Imperial Germany (Kaiserreich, 1871–1918). This particular note was first issued ...
