RentenmarkThe 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.
ReichsbankThe 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.
World War IWorld 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.
Long and short scalesThe 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. 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 of the remainder of the world adopted either the short scale or the long scale for everyday counting powers of ten.
German mark (1871)The German mark (Goldmark ˈɡɔltmaʁk; sign: M︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold coins ceased to circulate.
HyperinflationIn economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency.
Klaipėda RegionThe Klaipėda Region (Klaipėdos kraštas) or Memel Territory (Memelland or Memelgebiet) was defined by the 1919 Treaty of Versailles in 1920 and refers to the northernmost part of the German province of East Prussia, when as Memelland it was put under the administration of the Entente's Council of Ambassadors. The Memel Territory, together with other areas severed from Germany (the Saar and Danzig) was to remain under the control of the League of Nations until a future day when the people of these regions would be allowed to vote on whether the land would return to Germany or not.
Deutsche MarkThe 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.
ReichsmarkThe Reichsmark (ˈʁaɪçsˌmaʁk; sign: R︁M︁; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in Trizone, where it was replaced by the Deutsche Mark, and until 23 June 1948 in the Soviet occupation zone of Germany , where it was replaced by the East German mark. The Reichsmark was subdivided into 100 Reichspfennigs (Rpf or R︁₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; Reich (realm in English) comes from the official name for the German state from 1871 to 1945, Deutsches Reich.
Free City of DanzigThe Free City of Danzig (Freie Stadt Danzig; Wolne Miasto Gdańsk) was a city-state under the protection of the League of Nations between 1920 and 1939, consisting of the Baltic Sea port of Danzig (now Gdańsk, Poland) and nearly 200 other small localities in the surrounding areas. The polity was created on 15 November 1920 in accordance with the terms of Article 100 (Section XI of Part III) of the 1919 Treaty of Versailles after the end of World War I. In line with the treaty provisions, the entity was established under the oversight of the League of Nations.
