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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.
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. It was subdivided into 100 Rentenpfennig and was replaced in 1924 by the Reichsmark.
- Rentenpfennig
- RM
- Rentenmark
Oct 14, 2021 · The Papiermark (pronunciation (help·info) ; English: 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.
May 29, 2019 · However, this currency changed in 1914 to what was later called the Papiermark (‘Paper mark’). 1914 marked the start of World War I (der Erste Weltkrieg in German), and due to the war, Germany experienced huge inflation (die Inflation) and started printing a lot more money to try and keep up.
Nov 16, 2023 · On November 15, 1923, the German Papiermark hit an exchange rate of 2.5 trillion to $1. Two weeks earlier, $1 had bought 133 billion marks; at the start of the year 17,972 marks; on the currency’s introduction in 1914, 4.19. Germany’s currency died. What killed it?
