Germany · Government / Weimar Republic. Chronological records rendered directly from the World History Database.
Stresemann issues the Rentenmark, to halt the extreme hyperinflation crippling German society and the economy. It was successful because Stresemann refused to issue more currency, the cause of the inflationary spiral. Six days after the Munich putch a reform of the German currency takes place and the Rentenmark is introduced, this effectively ends inflation
One Rentenmark equals one trillion paper marks and is valued at 4.2 Rentenmarks per United States dollar.
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