To finance World War I, German leaders took the previous currency, the reichsmark, off the gold standard. |
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By the time Germany surrendered in 1918, and was forced to pay reparations, the reichsmark had lost any anchor in real wealth. |
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Therefore, the original plan included provisions for a capital levy to compensate the losers from the ten-to-one write-down of the reichsmark. |
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In 1948, currency reform replaced the reichsmark, or imperial mark, with new marks, not once, but twice over — one for the Allied-occupied West and one for the Soviet-dominated East. |
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He and Million had already been arrested in Germany for some trifling illicit reichsmark transactions and had indeed first met Weidmann in prison, where they now are again. |
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When Austria became part of Hitler's Third Reich, it was abolished in favour of the reichsmark. |
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The dollar depreciated markedly relative to the franc and reichsmark immediately after the bank holiday was declared in Michigan. |
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In 1948, the new Federal Bank replaced the worthless Reichsmark with the deutschemark. |
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The state court fined each sixty Reichsmark for the vicious deed. |
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