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For those having trouble counting the zeroes, gold went from 170 marks per ounce in 1919 to 87 trillion marks per ounce about five years later. Likewise silver went from 12 marks to nearly 544 ...
In the 1920s, the German mark dipped so low, a wheelbarrow overflowing with marks wasn’t enough to buy a single loaf of bread. In the past 100 years, the country has gone through eight separate ...
When they went to bed, a dollar was worth 42,000,000,000,000 old German marks. When they woke up, a dollar was worth only four new marks. ... since no one can get gold for marks.
Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world ...
On Feb 6, they shared their wild plan to simply get Germany out of the Eurozone, deregulate Bitcoin trading and crypto wallets, and bring back the Deutsche Mark currency with gold reserves backing it.
As Germany finally settles its debt from World War I, ... The 1924 Dawes Plan and the 1929 Young Plan reduced the debt to 112bn gold marks, and granted Germany loans to meet its payments.
Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world ...