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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.
German papiermark Ratio: 1 Rentenmark = 1,000,000,000,000 Papiermark, and 4.2 Rentenmark = US$1: Currency of Germany 15 November 1923 – 29 August 1924 Circulates in Germany 30 August 1924 – 1948 Note: Reichsmark was the legal tender: Succeeded by: East German mark Reason: reaction to the changeover in Trizone (later West Germany)
- Rentenpfennig
- RM
- Rentenmark
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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. In 1914, the Gold standard was abolished; there was the First World War.
As of 2020, Google Maps was being used by over one billion people every month around the world. [1] Google Maps began as a C++ desktop program developed by brothers Lars and Jens Rasmussen at Where 2 Technologies. In October 2004, the company was acquired by Google, which converted it into a web application.
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The German 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 Goldmark was the currency of the German Empire, and Versailles fixed the values of the "papiermark" at 1914 prices. In order to relate this to today's economics I would be interested to know what 226 billion was as a percentage of overall German GDP. The only figure I can obtain is expressed in 1960 US dollars.
Oct 14, 2021 · The Papiermark (pronunciation (help · info); English: "paper mark", officially just Mark, sign: ℳ) was the German currency from 4 August 1914 [1] when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I.
