German Papiermark
The name Papiermark (English: paper mark, officially just Mark, sign: ℳ) is applied to the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the name is used for the banknotes issued during the hyperinflation in Germany of 1922 and especially 1923 (see Inflation in the Weimar Republic), which was a result of the German government's decision to pay its war debt by printing banknotes.
Read more about German Papiermark: History, Coins, Note On Numeration
Famous quotes containing the word german:
“If my theory of relativity is proven correct, Germany will claim me as a German and France will declare that I am a citizen of the world. Should my theory prove untrue, France will say that I am a German and Germany will declare that I am a Jew.”
—Albert Einstein (1879–1955)