Papiermark
Sign in to saveThe Papiermark (; 'paper mark') was a derisive term for the Mark (sign: ℳ︁) after it went off the gold standard, and most specifically with the era of hyperinflation in Germany of 1922 and 1923. Formally, the same German mark was used from 1871 to 1923. Like many countries, Germany departed the gold standard due to the outbreak of World War I, and stopped issuing gold coins backed in marks in August 1914. Precious metals rapidly disappeared from circulation, and inflation occurred as paper money was used to cover war debts in 1914 to 1918. Still, the papiermark is more associated with the earl
Key facts
- Currency.used_banknotes
- 1ℳ︁, 2ℳ︁, 5ℳ︁, 10ℳ︁, 20ℳ︁, 50ℳ︁, 100ℳ︁, 500ℳ︁1,000ℳ︁, 5,000ℳ︁, 10,000ℳ︁, 20,000ℳ︁, 50,000ℳ︁, 100,000ℳ︁, 200,000ℳ︁, 500,000ℳ︁1-million-ℳ︁, 2-million-ℳ︁, 5-million-ℳ︁, 10-million-ℳ︁, 20-million-ℳ︁, 50-million-ℳ︁, 100-million-ℳ︁, 500-million-ℳ︁1-billion-ℳ︁, 5-billion-ℳ︁, 10-billion-ℳ︁, 20-billion-ℳ︁, 50-billion-ℳ︁, 100-billion-ℳ︁, 200-billion-ℳ︁, 500-billion-ℳ︁1-trillion-ℳ︁, 2-trillion-ℳ︁, 5-trillion-ℳ︁, 10-trillion-ℳ︁, 20-trillion-ℳ︁, 50-trillion-ℳ︁, 100-trillion-ℳ︁
- Currency.issuing_authority
- Reichsbank
- Currency.pegged_with
- United States dollar = 4.2-trillion-ℳ︁ = RM4.20 (1 trillion short scale (US) or 1 billion long scale (UK pre-1974, Germany, much of Europe) = 1,000,000,000,000)
- Currency.replaced_currency
- German mark (1871)
- Currency.replaced_by_currency
- Rentenmark
- Currency.obsolete
- yes
- Currency.local_name
- Mark
- Currency.local_name_lang
- de
- Currency.image_1
- GER-140-Reichsbanknote-100 Trillion Mark (1924).jpg
- Currency.image_title_1
- 100 trillion-ℳ︁ note, 1924 (short scale (US) or 100 billion-ℳ︁ long scale (UK pre-1974, Germany, much of Europe)
- Currency.using_countries
- Weimar Republic24px Free City of Danzig23px Klaipėda Region
- Currency.subunit_name_1
- Pfennig
- Currency.symbol
- ℳ︁
- Currency.symbol_subunit_1
- ₰
- Currency.plural
- Mark
- Currency.plural_subunit_1
- Pfennig
- Currency.used_coins
- 1₰, 2₰, 5₰, 10₰, 50₰ (ℳ︁) 1ℳ︁, 3ℳ︁, 200ℳ︁, 500ℳ︁
via Wikipedia infobox
Article
13 sectionsContents
- History
- Coins
- First World War issues
- Post-war issues
- Weimar Republic (1920–24)
- Danzig
- Issuance of the Danzig Papiermark
- Note on numeration
- See also
- Notes
- Citations
- References
- External links
The Papiermark (; 'paper mark') was a derisive term for the Mark (sign: ℳ︁) after it went off the gold standard, and most specifically with the era of hyperinflation in Germany of 1922 and 1923. Formally, the same German mark was used from 1871 to 1923. Like many countries, Germany departed the gold standard due to the outbreak of World War I, and stopped issuing gold coins backed in marks in August 1914. Precious metals rapidly disappeared from circulation, and inflation occurred as paper money was used to cover war debts in 1914 to 1918. Still, the papiermark is more associated with the early Weimar Republic era, when inflation grew out of control. By the time the mark was retired from circulation and renominated in December 1923, banknotes had amounts in the billions and trillions of marks by face value.
==History==