The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
21st June 1919: The German High Seas naval fleet is scuttled at Scapa Flow
21st June 2019
The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
Despite the anger from some Germans, Stresemann’s actions laid the foundation for the economic recovery that Germany experienced up until the onset of the Great Depression.
28th June 2015
11th November 2025
11th November 2025
1st September 2018
9th November 2019