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Hyper inflation medal/token 1923 Germany
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<p>[QUOTE="chrisild, post: 1929527, member: 39"]Must be difficult to discuss anything Germany related in a US forum without ending up with the nazis. So if you believe that the medal in the initial has anything to do with them, be my guest. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> As for the Rentenmark, in October 1923 the (semi-public) Deutsche Rentenbank was founded, with capital based on contributions from those who had not been affected by the inflation that much. That was primarily the industry, agriculture (land), house owners, etc. Those contributions were mandatory, and basically some sort of tax ...</p><p><br /></p><p>The value of 1 Rentenmark was set to 1 trillion "old" marks on 20 Nov 1923. And while the Rentenmark was not legal tender (i.e. nobody had to accept it as payment of debt), it soon became widely accepted. In August 1924 the Reichsmark (legal tender) was introduced; both types of Marks existed until the 1948 currency reforms.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1929527, member: 39"]Must be difficult to discuss anything Germany related in a US forum without ending up with the nazis. So if you believe that the medal in the initial has anything to do with them, be my guest. :) As for the Rentenmark, in October 1923 the (semi-public) Deutsche Rentenbank was founded, with capital based on contributions from those who had not been affected by the inflation that much. That was primarily the industry, agriculture (land), house owners, etc. Those contributions were mandatory, and basically some sort of tax ... The value of 1 Rentenmark was set to 1 trillion "old" marks on 20 Nov 1923. And while the Rentenmark was not legal tender (i.e. nobody had to accept it as payment of debt), it soon became widely accepted. In August 1924 the Reichsmark (legal tender) was introduced; both types of Marks existed until the 1948 currency reforms. Christian[/QUOTE]
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