33
/
AIzaSyAYiBZKx7MnpbEhh9jyipgxe19OcubqV5w
August 1, 2025
6237345
587528
2

nov 20, 1923 - Hjalmar Schacht

Description:

this man was a president of a bank and he was the reason that Germany got out of hyperinflation with Stresemann appointing him to do the job with his banking background he came through with it as he changed the Rentenmark into the Reichsmark this new money in limited supply was in circulating through Germany's economy on 20th of November (1923) and it was heavily based upon the US dollar. which Stresemann didn't love as he said famously that Germany was dancing on a volcano that could erupt at any point

Added to timeline:

Date:

nov 20, 1923
Now
~ 101 years ago