History

History 1 from Farewell My Life by Cynthia Sally Haggard

The value of the Mark declined during the war, going from about 4.2 Marks to the dollar at the beginning of the war in August 1914, to about 8.91 Marks to the dollar at the end of the war in November 1918.

By November 1923, the Mark collapsed and the government introduced Rentenmarks.

By November 1923, the dollar was 4.2 TRILLION marks and people needed wheelbarrows of cash to buy a loaf of bread. The German Government introduced Rentenmarks to replace this worthless cash, with much higher denominations so that people didn’t need their wheelbarrows…

 

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