nov 1, 1923 - Germany currencey exchange
Description:
In the early 1920s, Germany's economy suffered from hyperinflation due to the heavy reparations from World War I. The German mark lost its value rapidly, causing prices to rise uncontrollably. In late 1923, Germany introduced a new currency, the Rentenmark, which helped stabilize the economy. This, along with the Dawes Plan, helped Germany recover financially.Added to timeline:
Date:
nov 1, 1923
Now
~ 101 years ago