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ℛℳ
The (; sign: ℛℳ; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the , and until 23 June 1948 in East Germany, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 s (Rpf or ℛ₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; whereas (''realm'' in English), comes from the official name for the German state from 1871 to 1945, . History The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. 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 = 1012  ℳ (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). To stabilize the economy and to smooth the transition, the Papiermar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), 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. In English, it was typically called the "Deutschmark" (). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East German Mark
The East German mark (german: Mark der DDR ), commonly called the eastern mark (german: Ostmark, links=no ) in West Germany and after reunification), in East Germany only ''Mark'', was the currency of the German Democratic Republic (East Germany). Its ISO 4217 currency code was DDM. The currency was known officially as the ''Deutsche Mark'' from 1948 to 1964, ''Mark der Deutschen Notenbank'' from 1964 to 1967, and from 1968 to 1990 as the ''Mark der DDR'' (Mark of the GDR). The mark (M) was divided into 100 Pfennig (pf). History 1948 On 18 June 1948 a currency reform was announced for the western zones. Subsequently, on 20 June 1948, the reichsmark and the rentenmark were abolished in the western occupation zones due to Soviet counterfeiting of '' AM-Marks'' resulting in economic instability and inflation and replaced with the ''Deutsche Mark'' issued by the ''Bank deutscher Länder'' (later the Deutsche Bundesbank). Because the ''Reichsmark'' was still legal tender in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Sign
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by the monetary authority, like the national central bank for the currency concerned. In formatting, the symbol can use various formattings: before, between or after the numeric amounts: , and , for example; this positioning is determined by national convention. The symbol is not defined or listed by ISO 4217: that only assigns three-letter codes to currencies (like for Azerbaijani manat) and special cases like gold and silver ( and respectively) that are used as financial instruments. Usage When writing currency amounts, the location of the symbol varies by language. Many currencies in English-speaking countries and Latin America (except Haiti) place it before the amount (e.g., R$50,00). The Cape Verdean escudo (like the Portuguese escudo, to which it was formerly pegged) places its symbol in the decimal separator position (e.g. 20$00). Banco de Cabo Verde.Moedas." ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Von Hindenburg
Paul Ludwig Hans Anton von Beneckendorff und von Hindenburg (; abbreviated ; 2 October 1847 – 2 August 1934) was a German field marshal and statesman who led the Imperial German Army during World War I and later became President of Germany from 1925 until his death in 1934. During his presidency, he played a key role in the Nazi seizure of power in January 1933 when, under pressure from advisers, he appointed Adolf Hitler as Chancellor of Germany. Hindenburg was born to a family of minor Prussian nobility in Posen. Upon completing his education as a cadet, he enlisted in the Third Regiment of Foot Guards as a second lieutenant. He then saw combat during the Austro-Prussian and Franco-Prussian wars. In 1873, he was admitted to the prestigious '' Kriegsakademie'' in Berlin, where he studied for three years before being appointed to the Army's General Staff Corps. Later in 1885, he was promoted to the rank of major and became a member of the Great General Staff. Following a f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Rentenmark
The Rentenmark (; RM) was a currency issued on 15 October 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used "paper" Mark had become almost worthless. It was subdivided into 100 ''Rentenpfennig'' and was replaced in 1924 by the Reichsmark. History After the Occupation of the Ruhr in early 1923 by French and Belgian troops, referred to as the ''Ruhrkampf'', the German government of Wilhelm Cuno reacted by announcing a policy of passive resistance. This caused the regional economy of the Ruhr, the industrial heartland of Germany, to almost stop. The occupation authorities reacted to strikes and sabotage with arrests and deportations. Those displaced and left without income by the ''Ruhrkampf'' and their families fell back on public income support. Tax revenues plunged as economic activity slowed. The government covered its need for funds mainly by printing money. As a result, inflation spiked and the Papiermark went into freefall on the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long And Short Scale
The long and short scales are two of several naming systems for integer powers of ten which use some of the same terms for different magnitudes. For whole numbers smaller than 1,000,000,000 (109), such as one thousand or one million, the two scales are identical. For larger numbers, starting with 109, the two systems differ. For identical names, the long scale proceeds by powers of one million, whereas the short scale proceeds by powers of one thousand. For example, in the short scale, "one billion" means one thousand millions (1,000,000,000), whereas in the long scale, it means one million millions (1,000,000,000,000). For interleaved values, the long scale system employs additional terms, typically substituting the word ending -ion for -iard. Some languages, particularly in East Asia and South Asia, have large number naming systems that are different from both the long and short scales, such as Chinese, Japanese or Korean numerals, and the Indian numbering system. Much ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Papiermark
The Papiermark (; 'paper mark', officially just ''Mark'', sign: ℳ) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923. History From 1914, the value of the mark fell. The rate of inflation rose following the end of World War I and reached its highest point in October 1923. The currency stabilized in November 1923 after the announcement of the creation of the Rentenmark, although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1 trillion (1012)-ℳ to RM1. On 30 August 1924 the Rentenmark was replaced by the Reichsmark. In addition to the issues of the government, emergency issues of both tokens and paper money, known as ''Kriegsgeld'' (war money) and ''Notgeld'' (emergency money), were produced by local authorities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation In The Weimar Republic
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium, and misery for the general populace. Background To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. 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. The government believed that it would be able to pay off the debt by winning the war and imposing war reparations on the defeated Allies. 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.Evans, p. 103 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Papiermark
The Papiermark (; 'paper mark', officially just ''Mark'', sign: ℳ) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923. History From 1914, the value of the mark fell. The rate of inflation rose following the end of World War I and reached its highest point in October 1923. The currency stabilized in November 1923 after the announcement of the creation of the Rentenmark, although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1 trillion (1012)-ℳ to RM1. On 30 August 1924 the Rentenmark was replaced by the Reichsmark. In addition to the issues of the government, emergency issues of both tokens and paper money, known as ''Kriegsgeld'' (war money) and ''Notgeld'' (emergency money), were produced by local authorities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark (unit)
The Mark (from Middle High German: Marc, march, brand) is originally a medieval weight or mass unit, which supplanted the pound weight as a precious metals and coinage weight from the 11th century. The Mark is traditionally divided into 8 ounces or 16 lots. The Cologne mark corresponded to about 234 grams. Like the German systems, the French poids de marc weight system considered one "Marc" equal to 8 troy ounces. Just as the pound of 12 troy ounces (373 g) lent its name to the pound unit of currency, the mark lent its name to the mark unit of currency. Origin of the term The Etymological Dictionary of the German Language by Friedrich Kluge derives the word from the Proto-Germanic term ''marka'', "weight and value unit" (originally "division, shared"). The etymological dictionary by Wolfgang Pfeifer sees the Old High German ''marc'', "delimitation, sign", as the stem and assumes that ''marc'' originally meant "minting" (marking of a certain weight), later denoting the ing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Germany
East Germany, officially the German Democratic Republic (GDR; german: Deutsche Demokratische Republik, , DDR, ), was a country that existed from its creation on 7 October 1949 until its dissolution on 3 October 1990. In these years the state was a part of the Eastern Bloc in the Cold War. Commonly described as a communist state, it described itself as a socialist "workers' and peasants' state".Patrick Major, Jonathan Osmond, ''The Workers' and Peasants' State: Communism and Society in East Germany Under Ulbricht 1945–71'', Manchester University Press, 2002, Its territory was administered and occupied by Soviet forces following the end of World War II—the Soviet occupation zone of the Potsdam Agreement, bounded on the east by the Oder–Neisse line. The Soviet zone surrounded West Berlin but did not include it and West Berlin remained outside the jurisdiction of the GDR. Most scholars and academics describe the GDR as a totalitarian dictatorship. The GDR was establish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Germany
West Germany is the colloquial term used to indicate the Federal Republic of Germany (FRG; german: Bundesrepublik Deutschland , BRD) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 October 1990. During the Cold War, the western portion of Germany and the associated territory of West Berlin were parts of the Western Bloc. West Germany was formed as a political entity during the Allied occupation of Germany after World War II, established from eleven states formed in the three Allied zones of occupation held by the United States, the United Kingdom, and France. The FRG's provisional capital was the city of Bonn, and the Cold War era country is retrospectively designated as the Bonn Republic. At the onset of the Cold War, Europe was divided between the Western and Eastern blocs. Germany was divided into the two countries. Initially, West Germany claimed an exclusive mandate for all of Germany, representing itself as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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