Reichsmark


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Reichsmark

The currency of Germany between 1924 and 1948. It was issued following the hyperinflation that crippled Germany in the early 1920s. It was pegged to gold. During World War II, the government set exchange rates between the Reichsmark and other Axis powers, as well as the occupied territories. In 1948, it was replaced by the Deutschemark in West Germany and the Ostmark in East Germany.
References in periodicals archive ?
Mexico was also one of the few oil producers willing to accept payment in Reichsmarks, and if Germany cut ties there, it would be completely at the mercy of the major U.
60) He informed Harrison that credit restriction had reduced reichsmark circulation from 6,300 million a year ago to 5,600 million.
Under the infamous Article 231 of the Versailles Treaty, Germany was required to pay the allies 226 billion Reichsmarks in gold - around $750 billion in today's money - enraging the German people and eventually helping the accession to power of Adolf Hitler.
Second, the regime's severe restrictions on the export of Reichsmarks meant that virtually overnight German work in the mission fields faced destitution and closure.
He describes a number of such schemes through world history and describes their consequences, including Union efforts to spread phony Confederate notes during the American Civil War, British covert operations involving secretly forged German imperial reichsmarks during World War I, the forgery scheme in the 1920s that helped destroy the Portuguese economy, Soviet military intelligence forgeries of American dollars, US Army Psychological Warfare money forgery operations in their wars in Vietnam and Korea, and the aforementioned Nazi scheme.
An exchange of words followed - between the sailor and one of the officials - after which my new master took out his wallet and handed over a number of Reichsmarks - I have always wondered how many.
However, with lucrative government contracts thanks to Hitler's rearmament drive, the Ford-Werke's annual profits rose spectacularly from 63,000 Reichsmarks in 1935 to 1,287,800 RM in 1939.
Wells and Virginia Woolf would merely have been deported, Edward VIII was to be offered 50m Reichsmarks to return as Prince Regent - if he refused, there were plans to kidnap him - while the YMCA and the Salvation Army were to be disbanded as subversive.
Chancellor Kohl, mindful of the symbolism of the one-for-one exchange in 1948 between the old reichsmarks and the new DMs, decided to exchange East for West German currency at a one-for-one rate.
Schede requested 5000 Reichsmarks for immediate excavation work to start.
Hitler stipulated that the vehicle would have four seats, an air-cooled engine and cost no more than 1,000 Reichsmarks - the exact price that Ganz said the car would cost.