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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.
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.
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.
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. In 1914, the Gold standard was abolished; there was the First World War. The period when it was used was marked by a high inflation rate.
After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic 's mark, derisively referred to as the Papiermark ( lit. 'Paper mark') due to hyperinflation in the Weimar Republic from 1918 to 1923.
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.
Sep 5, 2022 · Inflation, which had begun in 1914, got worse as the German government cranked the printing press and created enormous amounts of papiermarks, eventually triggering hyperinflation. Most people know the inflation stopped when the government stopped printing and introduced the rentenmark, a currency with limited circulation backed by mortgages ...
