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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.
- Pfennig
- ℳ︁
- Mark
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 (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.
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.
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.
The name “Papiermark” or paper mark is applied to the German currency from 4th August 1914 which was issued during the war and later issued during the hyperinflation in Germany of 1922 and especially 1923. The note depicted in the image alongside is a first issue 10,000 Papiermark of 1922.
Oct 31, 2020 · 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 on the 22 Aug 1923, ending with the abolition of the Papiermark. On 15 November 1923 Rentenmark was introduced and in theory replaced the Papiermark.
