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The reichsmark was the currency of the Weimar republic during the '20s. The Weimar republic was the German government established by the Treaty of Versailles. The reichsmark was printed in massive quantities during the 1920s, which led to extreme inflation. A simple loaf of bread could cost an entire wheelbarrow full of reichsmarks. The German people often burned Reichsmarks to provide heat, because the money was worth less than the wood.
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What is the Value of reichsmark 50?
50 Reichsmark = 26 Euros + 60 % Premium. ====================================== The above is only a conversion factor and it's for deutschmarks, not reichsmarks. You need to post a more specific question with the bill's/coin's date to get a collector's value.
Hyperinflation largely destroyed the economy of what country in 1923-24?
The immediate trigger was the occupation of the Ruhr in January 1923 by the French and Belgians. Most of the background problems arose from Germany's failure to finance World War 1 properly and from reparations.
60000 reichsmark equals what in us dollars during 1938?
According to Wikipedia: 1 U.S. Dollar was worth 4.2 RM. According to my math 60000 Divided by 4.2 equals 14285.71 So $14,285.71 I may have done the math wrong...math is not one of my strong suits. Therefore, You may have to do the math yourself....using the information given above.
What is the value of a German mark to the US dollar?
Germany has not used marks since 2002, when they switched to the euro as their currency. At that time 1 DM was worth about 50 U.S. cents. However if you have a particular coin or bill please post a new question with its date. Because of Germany's troubled history in the 20th century it has used several currencies, all with variations on the name of mark - Reichsmark, Rentenmark, Deutschmark among others.
How does the government reverse hyperinflation?
By not printing more money which is the primary cause, stabilizing the economy, de-tendering older money and creating new money that can be exchanged at a large ratio... for instance, 1 Reichsmark for 1,000,000,000 Papiermarks. Of course, now that "western" countries do so much of their financial transactions electronically and with credit, the printing of actual money is less directly related to inflation and the concept is more commonly used as a metaphor for the increase of the money supply thorough other mechanisms, some of which are not as directly controlled by the government as is the printing press.
What was the German currency in 1943?
The Reichsmark.
How much in pounds was one German reichsmark?
At the time of the German government's official exchange rate in 1945, one German reichsmark was equivalent to 0.08 pounds. However, during the hyperinflation period in the early 1920s, the value of the reichsmark decreased significantly.
Money used in germany in World War 2?
Reichsmark.
What was the German currency during World War 1?
The Reichsmark.
What was the German money called in World War 2?
The currency was the Reichsmark (RM), which had replaced the inflationary currecny of 1919-23. In the later stages of World War 2 and the first few months after the war, the Reichsmark lost about 80-85% of its value. As a result many people lost most of their savings a second time. In West Germany a new currency, the Deutsche Mark (DM) was introduced in June 1948 at the rate of 10 RM to 1 DM and 13.5 RM on balances of more than 5,000 RM. The new currency lasted till 1999-2002 when it was replaced by the Euro.The currency was the "Reichsmark".
What does the D stand for on a Reichsmark?
D is a German mintmark and stands for Hamburg.
What is a 1935 100 reichsmark banknote worth?
I dont know, that's why I was ASKing.
What is the value of a 20 Reichsmark Zwanzig Reichsmark note with an 8 digit serial number consisting of 1 letter and 7 numbers and with the swastika and eagle symbol?
Sounds like an occupation Reichsmark printed later in the war and used exclusively in occuppied territories by soilders and the new german central bank in that territory. Very common but worth a bit more with the eagle and swastika.
How much is a 1945 100000 Reichsmark worth in 2010?
Just researched a 1936 100,000 Reichsmark. It is collector's only on e-bay they are anywhere from $5 to 50. But then again as with anything like this, it's only worth what someone will give you for it.
What is the Value of reichsmark 50?
50 Reichsmark = 26 Euros + 60 % Premium. ====================================== The above is only a conversion factor and it's for deutschmarks, not reichsmarks. You need to post a more specific question with the bill's/coin's date to get a collector's value.
What is the value of 5 reichsmark bill?
Not enough information. Please post a new question with the bill's date.
What is the value of a 1934 Reichsmark?
Please post a new question with more details. Do you have a coin or a bill? Is it 1 Reichsmark or a different denomination? If it's a coin can you find a mint mark letter - a small A, E, G, J, etc?
