Creation of the Rentenmark

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  • Created by: LBlack
  • Created on: 30-05-17 19:15

Creation of the Rentenmark

Causes

  • Hyperinflation had ruined the mark
  • So it was abolished and replaced with the rentenmark a new temporary currency

Effects

  • This was more trusted because if the currency failed the government promised shares in land were promised.
  • This led to the riechsmark a new permanent currency provided by Riechsbank
  • Deposits in german banks rose from 900m in 1924 to 4,900 by 1926.

Overall summary

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