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The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaʁk] ⓘ; "German mark"), abbreviated "DM" or "D-Mark" ([ˈdeːˌmaʁk] ⓘ), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002.
M10 coin issued in 1981 to commemorate the 25th anniversary of the National People's Army. The East German mark (German: Mark der DDR [ˈmaʁk deːɐ̯ ˌdeːdeːˈʔɛʁ] ⓘ), commonly called the eastern mark (German: Ostmark [ˈɔstmaʁk] ⓘ) in West Germany and after reunification), in East Germany only Mark, was the currency of the German Democratic Republic (East Germany).
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.
Following negotiations between the two German states, a Treaty on Monetary, Economic, and Social Union was signed on May 18 and came into effect on July 1, among things replacing the East German mark with the Deutsche Mark (DM). The treaty also declared the intention for East Germany to join the Federal Republic by way of the Basic Law's ...
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
The euro officially came into existence on 1 January 1999, as part of efforts to create an economic and monetary union within the European Union. Germany was one of the first countries to adopt the euro, with the Deutsche Mark ceasing to be legal tender after 31 December 2001. [9] [10]
He was the younger of two sons of a banker, Joseph Carl Theodor Wolfskehl. His elder brother, the jurist Wilhelm Otto Wolfskehl, took over the family bank after the death of his father. From 1875 to 1880 Paul Wolfskehl studied medicine at the Universities of Leipzig, Tübingen and Heidelberg.
The following image is a family tree of every prince, king, queen, monarch, confederation president and emperor of Germany, from Charlemagne in 800 over Louis the German in 843 through to Wilhelm II in 1918. It shows how almost every single ruler of Germany was related to every other by marriages, and hence they can all be put into a single tree.
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