Search results
Results from the WOW.Com Content Network
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 ...
This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was 1 ℛ︁ℳ︁ = 10 12 ℳ︁ (one trillion in American English and French, one billion in German and other European languages and British English of the time; see long and short scale).
By late 1919, the German government had signed the Treaty of Versailles, which included an agreement to pay substantial reparations to the Allied powers both in hard cash and in in-kind shipments of goods such as coal and timber. By then, 48 paper marks were required to buy a US dollar. [4]
The Low German word was adopted in English as daler by 1550, modified to dollar by about 1600. [1] English thaler was introduced in the first half of the 19th century to refer to the coins of the German states, as the word dollar was increasingly understood to refer to the United States dollar.
Though the Dutch pioneered in modern-day New York in the 17th century the use and the counting of money in silver dollars in the form of German-Dutch reichsthalers and native Dutch leeuwendaalders ('lion dollars'), it was the ubiquitous Spanish American eight-real coin which became exclusively known as the dollar since the 18th century. [23]
The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.
The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer prices. At 03:05 ET (07:05 GMT), the Dollar Index ...
East German mark East Germany: 1948 1990 Saar franc: Saarland: 1947 1959 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 ...