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It's complicated, so let's simplify this a bit.
During World War I, Germany chose to pay for their efforts by taking out massive loans, rather than raise taxes like other countries. They expected to win the war- and when they won the war, they planned to conquer valuable industrial lands and colonies from the losing countries, and to demand reparations from them as well.
In reality, Germany lost the war. So not only did they wind up having to pay massive reparations (payment of which the victors would only accept in the form of gold or other valuable goods, rather than money), but they still had these huge loans to repay. Additionally, one of Germany's largest industrial regions, the Ruhr, was occupied for a few years by France, and then was occupied again (by France) when Germany's economy started to go bad in the early 1920s.
The new government's policies contributed to making the problem worse- they kept printing more money while buying foreign money to pay off debts. This just made their own money worth less and less, until by 1923 it was worth so little that it was cheaper to burn money than wood.
Wiki User
∙ 7y ago
Wiki User
∙ 15y agoThere is no German Mark anymore. 1 German Mark is 1/2 Euro.
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How many German marks equal to pounds?
1 German Mark(s) = 0.334203 British Pound(s)
What does a mint mark of a on a 1913 German 1 pfennig mean?
Sorry that was suppose to say a mint mark of an "A" on the PFENNIG.
What is the value of a German 1000 mark dated 21 April 1910?
German money from before World War 1 is no longer legal tender. Its value as a collectible is only a few dollars unless it is uncirculated or nearly uncirculated.
What is a German dollar called?
There is no such thing as the German dollar. The currency in German is the Euro (symbol '€'). Currently (2012), USD 1 = € 0.77 The German currency is the Euro, it is equivalent to about $1.57 in American money.
What is a 20 Zwanzig mark allierte militarbehorde note worth?
"Zwanzig Mark Alliierte Militarbehorde" is German for "20 Mark Allied Military Authorities." These notes were printed by the Allied Authority in Germany after the end of the Second World War, and the date on the note is likely 1944. These notes are not particularly rare, so it is likely worth less than $5US.
Is the German mark legal tender today or worthless?
Deutsche Marks are no longer legal tender. They may not be worthless, though. Collectors will be interested in them because they are no longer being produced.
How do you write Mark in German?
The German equivalent of Mark is Markus
When was East German mark created?
East German mark was created in 1948.
When did East German mark end?
East German mark ended in 1990.
What used to be the German money?
From year 1900 until they adopted the Euro in 1999, Deutsche Mark (German mark) was the German currency.
How did Mark Anthony contribute to histor?
* Mark Anthony contributed to his history by I saying I probably really y don't u know. * Mark Anthony contributed to his history by I saying I probably really y don't u know.
What actor said You're all worthless and weak?
Mark Metcalf in Animal House.
How much 1969 German mark worth in euro?
how much worth 1969 german mark in euro
What is a funfzig mark?
It is a German banknote that as of 2002 is no longer used. All German banknotes were printed with 'bundesbank deutsche mark', which is the German Federal Bank and Funfzig is German for 'fifty'.
When did German South West African mark end?
German South West African mark ended in 1915.
When was German South West African mark created?
German South West African mark was created in 1884.
What is English equivalant of German marks?
The Mark (or Deutsche Mark) was the German monetary unit prior to the Euro. It was the equivalent of the Dollar in America and the Pound in England. However, English speakers still refer to it as the Mark. It is not called the German Dollar or the German Pound.
