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The first banknote of the East German Mark (1948), was a 1937 Rentenmark with a validation coupon stamp affixed. 30 Januar 1937 – Banknotes of 1 and 2 Rentenmark, serial number with 8 digits The first issue of banknotes was dated 1 November 1923 and was in denominations of RM 1, RM 2, RM 5, RM 10, RM 50, RM 100, RM 500 and RM 1000.
During its brief three months in office, the Great Coalition ended the passive resistance against the Ruhr occupation, successfully stabilized the currency by replacing the worthless Papiermark with the Rentenmark and expelled the German Communist Party from the governments of Saxony and Thuringia by means of a Reichsexekution. [1]
Hans Luther (listen ⓘ) (10 March 1879 – 11 May 1962) was a German politician and Chancellor of Germany for 482 days in 1925 to 1926. As Minister of Finance he helped stabilize the Mark during the hyperinflation of 1923.
One Rentenmark [55] [56] Germany stopped printing the essentially worthless "papiermark", which had been trading at the rate of 4,200,000,000,000 (4.2 trillion) marks to one U.S. dollar by mid-November [57] and issued the new Rentenmark, backed by the value of semi-annual property taxes and tied to the U.S. dollar with a 4.2 RM to US$1. The old ...
The first Marx cabinet, headed by Wilhelm Marx of the Centre Party, was the tenth democratically elected government during the Weimar Republic. It took office on 30 November 1923 when it replaced the Second Stresemann cabinet , which had resigned on 23 November after the Social Democratic Party (SPD) withdrew from the coalition.
The second Stresemann cabinet, headed by Chancellor Gustav Stresemann of the German People's Party (DVP), was the ninth democratically elected government of the Weimar Republic. It took office on 6 October 1923 when it replaced the first Stresemann cabinet , which had resigned on 3 October over internal disagreements related to increasing ...
Since Germany was unable to pay the idled workers in the occupied Ruhr any other way, more and more money was printed, which finally led to hyperinflation. The Stresemann government introduced a new currency, the Rentenmark, to end hyperinflation. Although Stresemann, like nearly every other German politician, cursed the Treaty of Versailles as ...
The Cabinet of Denmark (Danish: regering), officially the Government of the Kingdom of Denmark (Danish: Kongeriget Danmarks regering), [1] is the national cabinet of the Kingdom of Denmark. It has been the chief executive body and the government of the Danish Realm — Denmark proper together with the Faroe Islands and Greenland — since the ...