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This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany, similar to the French indemnity that followed German victory over France in 1870. [1] However, the exchange rate of the mark against the US dollar steadily devalued from 4.2 to 7.9 marks per dollar between 1914 and 1918 ...
The remaining convertible mark of Bosnia and Herzegovina is a currency that officially replaced the German mark as de facto currency of the ruptured economy and hyper-inflation of local divided currencies after the Bosnian war, pegged to the German mark 1:1 at the time, and further pegged to Euro at the rate at which German mark was replaced, i ...
The German name of the currency is Deutsche Mark (fem., German pronunciation: [ˈdɔʏtʃə ˈmaʁk]); its plural form in standard German is the same as the singular. In German, the adjective "deutsche" (adjective for "German" in feminine singular nominative form) is capitalized because it is part of a proper name, while the noun "Mark", like ...
Saar mark: Saarland: 1947 1947 Reichsmark Allied-occupied Germany Nazi Germany Weimar Republic: 1924 1948 German Rentenmark Weimar Republic: 1923 1924 German Papiermark Weimar Republic German Empire: 1914 1923 German gold mark German Empire: 1873 1914 Vereinsthaler: North German states 1857 1873 South German gulden: South German states 1754 1873
Deutsche Mark Reason: intended to protect West Germany from the second wave of hyperinflation and stop the rampant barter and black market trade Ratio: 1 Deutsche Mark = 1 Rentenmark for first 600 ℛ︁ℳ︁, 1 Deutsche Mark = 10 Rentenmark thereafter, plus each person received 40 Deutsche Mark: Succeeded by: Polish złoty
Pfennig, a subdivision of the German Mark (1875–1923) and the German Reichsmark (1923–1948) M: East German Deutsche Mark (east) (1948–1964) DM: West German and united German Deutsche Mark (west) (1948–2001) ₻ Nordic mark symbol used by Ludvig Holberg in Denmark and Norway in the 17th and 18th centuries [28] ₯ Greek drachma ₠
The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation. [2] The Zollverein unified in 1838 the Prussian and South German currencies at a fixed rate of 1 Prussian thaler = 1 + 3 ⁄ 4 South German gulden = 16.704 g fine silver.
The Smithsonian Agreement was created when the Group of Ten (G-10) states (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom, and the United States) raised the price of gold to 38 dollars, an 8.5% increase over the previous price at which the US government had promised to redeem dollars for gold. In ...