events
The German Rentenmark is introduced in Germany to counter hyperinflation in the Weimar Republic.
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Rentenmark
German currency from 1923 to 1924
The Rentenmark was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used Papiermark had become almost worthless. It was subdivided into 100 Rentenpfennig and was replaced in 1924 by the Reichsmark.Source: Wikipedia (CC BY-SA)
Hyperinflation in the Weimar Republic
Occurrence of hyperinflation in early 20th century Germany
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through…Source: Wikipedia (CC BY-SA)