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0h 42min, jan 18, 1871 y - Currency reform

Description:

-The replacement of the currency of the different German Lander by one system of coinage, backed by gold, had the effect of injecting 762 million Marks into the German economy. This caused mild inflation, making it easier for entrepreneurs to borrow money (credit) to invest in industry.

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Germany 1871 - 1991

Byisaac
1 months ago
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Date:

0h 42min, jan 18, 1871 y
Now
~ 154 years ago
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