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The Reichsmark (German: [ˈʁaɪçsˌmaʁk] ⓘ; sign: ℛ︁ℳ︁; abbreviation: RM) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948.
Denominations of the Deutsche Mark currency. Only the denominations DM 1 ⁄ 2, 1, 2, 5, 10, 20, 50, and 100 were instituted on the initial date of June 20, 1948.. The currency reform of 1948 went into effect on June 20, 1948, in the Trizone, the three western occupation zones of Germany.
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 ...
The German government feared that this might provoke immediate war with France at the time, but it did not. Still, the fear that war might come before Germany was prepared for it served to create a sense of urgency and reinforced the rearmament program. [31] The army and the navy prepared to quickly expand their capacity and manpower.
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
This new government was thought to be doomed from the start [by whom?] and after the hyperinflation of 1923, “money became so worthless that children could play with stacks of it.” [2] Despite civil unrest in Germany and elsewhere in Western Europe, there was still hope that world peace could be maintained.
Fink, Leon. "The Good Postwar: German Worker Rights, 1945–1950" in Fink, Undoing the Liberal World Order: Progressive Ideals and Political Realities Since World War II (Columbia UP, 2022) online 46–74. Fischer, Wolfram. "Some Recent Developments of Business History in Germany, Austria, and Switzerland". Business History Review (1963): 416 ...
This is a list of current and historical currency of Germany. The sole currency of Germany has been the Euro since 2002. List. Currency Area Date created