Concept
German mark (1871)
Related concepts (16)
Rentenmark
The Rentenmark (ˈʁɛntn̩maʁk; 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. 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.
World War I
World War I or the First World War, often abbreviated as WWI or WW1, known contemporaneously as the Great War, was a major global conflict lasting from 1914 to 1918. It was fought between two coalitions, the Allies and the Central Powers. Fighting took place throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. The first decade of the 20th century saw increasing diplomatic tension between the European great powers.
Silver standard
The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins played the role of an international trading currency for nearly four hundred years.
Papiermark
The Papiermark (paˈpiːɐ̯ˌmaʁk; 'paper mark', officially just Mark, sign: M︁) 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. 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.
Zollverein
The Zollverein (ˈtsɔlfɛɐ̯ˌʔaɪn), or German Customs Union, was a coalition of German states formed to manage tariffs and economic policies within their territories. Organized by the 1833 Zollverein treaties, it formally started on 1 January 1834. However, its foundations had been in development from 1818 with the creation of a variety of custom unions among the German states. By 1866, the Zollverein included most of the German states. The Zollverein was not part of the German Confederation (1815-1866).
Reichsbank
The Reichsbank (ˈʁaɪçsˌbank; Bank of the Reich) was the central bank of the German Reich from its establishment in 1876 until liquidation in 1945. The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in 1871. It was the central bank of Prussia, under the close control of the Reich government. Its first president was Hermann von Dechend. Before unification in 1871, Germany had 31 central banks – the Notenbanken ("note banks"). Each of the independent states issued their own money.
United States dollar
The United States dollar (symbol: to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S.
Thaler
A thaler or taler (ˈtɑːlər ; Taler ˈtaːlɐ, previously spelled Thaler) is one of the large silver coins minted in the states and territories of the Holy Roman Empire and the Habsburg monarchy during the Early Modern period. A thaler size silver coin has a diameter of about and a weight of about 25 to 30 grams (roughly 1 ounce). The word is shortened from Joachimsthaler, the original thaler coin minted in Joachimstal, Bohemia, from 1520.
Duchy of Brunswick
The Duchy of Brunswick (Herzogtum Braunschweig) was a historical German state. Its capital was the city of Brunswick (Braunschweig). It was established as the successor state of the Principality of Brunswick-Wolfenbüttel by the Congress of Vienna in 1815. In the course of the 19th-century history of Germany, the duchy was part of the German Confederation, the North German Confederation and from 1871 the German Empire. It was disestablished after the end of World War I, its territory incorporated into the Weimar Republic as the Free State of Brunswick.
Deutsche Mark
The Deutsche Mark (ˈdɔʏtʃə ˈmaʁk; English: 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. In English, it was typically called the "Deutschmark" (ˈdɔɪtʃmɑrk). 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.