The Reichsmark ( German: [ˈʁaɪçsˌmaʁk] ; sign : ℛ︁ℳ︁ ; abbreviation: RM ) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany , until 20 June 1948. The Reichsmark was then replaced by the Deutsche Mark , to become the currency of West Germany and then all of Germany after the 1990 reunification. The Reichsmark was used in the Soviet occupation zone of Germany until 23 June 1948, where it was replaced by the East German mark . The Reichsmark was subdivided into 100 Reichspfennig (Rpf or ℛ︁₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; Reich ( realm in English) comes from the official name for the German state from 1871 to 1945, Deutsches Reich .
105-624: The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark . This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was 1 ℛ︁ℳ︁ = 10 ℳ︁ (one trillion in American English and French, one billion in German and other European languages and British English of
210-471: A pervasive cult of personality around Adolf Hitler to influence public opinion. The government controlled artistic expression, promoting specific art forms and banning or discouraging others. Genocide , mass murder , and large-scale forced labour became hallmarks of the regime; the implementation of the regime's racial policies culminated in the Holocaust . After the initial success of German invasion of
315-495: A Reichsmark. Made entirely of zinc , the 10 ℛ︁₰ is an emergency issue type, similar to the zinc 1 ℛ︁₰ and 5 ℛ︁₰ , and the aluminium 50 ℛ︁₰ coins from the same period. Nazi Germany had a number of mints. Each mint location had its own identifiable letter. It is therefore possible to identify exactly which mint produced what coin by noting the mint mark on the coin. Not all mints were authorized to produce coins every year. The mints were also only authorized to produce
420-485: A communist uprising. The Reichstag Fire Decree , imposed on 28 February 1933, rescinded most civil liberties, including rights of assembly and freedom of the press. The decree also allowed the police to detain people indefinitely without charges. The legislation was accompanied by a propaganda campaign that led to public support for the measure. Violent suppression of communists by the SA was undertaken nationwide and 4,000 members of
525-592: A failed attempt by the Reichskanzler Heinrich Brüning to reduce prices through use of 4 ℛ︁₰ pieces instead of 5 ℛ︁₰ coins. Known as the Brüningtaler or Armer Heinrich ('poor Heinrich'), they were demonetized the following year. See Brüningtaler (in German) . The quality of the Reichsmark coins decreased more and more towards the end of World War II and misprints happened more frequently. Since
630-564: A massive secret rearmament program , forming the Wehrmacht (armed forces). The return to economic stability boosted the regime's popularity. Germany made increasingly aggressive territorial demands, threatening war if they were not met. Germany seized Austria in the Anschluss of 1938, and demanded and received the Sudetenland region of Czechoslovakia. Germany signed a non-aggression pact with
735-640: A non-aggression pact with Poland. In March 1939, Hitler demanded the return of the Free City of Danzig and the Polish Corridor , a strip of land that separated East Prussia from the rest of Germany. The British announced they would come to the aid of Poland if it was attacked. Hitler, believing the British would not take action, ordered an invasion plan should be readied for September 1939. On 23 May, Hitler described to his generals his overall plan of not only seizing
840-512: A number of shell companies were created and authorized to issue bonds outside the Reichsmark in order to finance state projects. Nominally exchangeable at a 1:1 rate for Reichsmarks but then discounted by the Reichsbank this created secret monetary expansion without formally renouncing the gold standard of the Reichsmark. With the annexation of the Federal State of Austria by Germany in 1938,
945-469: A protectorate of France under the condition that its residents would later decide by referendum which country to join, and Poland became a separate nation and was given access to the sea by the creation of the Polish Corridor , which separated Prussia from the rest of Germany, while Danzig was made a free city . Germany regained control of the Saarland through a referendum held in 1935 and annexed Austria in
1050-459: A second national anthem. Germany was still in a dire economic situation, as six million people were unemployed and the balance of trade deficit was daunting. Using deficit spending , public works projects were undertaken beginning in 1934, creating 1.7 million new jobs by the end of that year alone. Average wages began to rise. The SA leadership continued to apply pressure for greater political and military power. In response, Hitler used
1155-404: A set number of coins with some mints allocated a greater production than others. Some of the coins with particular mint marks are therefore scarcer than others. With the silver 2 ℛ︁ℳ︁ and 5 ℛ︁ℳ︁ coins, the mint mark is found under the date on the left side of the coin. On the smaller denomination Reichspfennig coins, the mint mark is found on the bottom center of
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#17328512338991260-491: A shortage of exchangeable tender in one region or another during the war and hyperinflation periods. Some of the most memorable of these to be issued during this period came from Westphalia and featured the highest face value denominations on a coin ever, eventually reaching 1-billion-ℳ︁. In 1914, the State Loan Office began issuing paper money known as Darlehnskassenschein (loan fund notes). These circulated alongside
1365-688: A substantial minority of Germans, who lived mostly in the Sudetenland . Under pressure from separatist groups within the Sudeten German Party , the Czechoslovak government offered economic concessions to the region. Hitler decided not just to incorporate the Sudetenland into the Reich, but to destroy the country of Czechoslovakia entirely. The Nazis undertook a propaganda campaign to try to generate support for an invasion. Top German military leaders opposed
1470-617: A thousand people (out of a population of around 16,000) committed suicide in Demmin around 1 May 1945 as the 65th Army of 2nd Belorussian Front first broke into a distillery and then rampaged through the town, committing mass rapes, arbitrarily executing civilians, and setting fire to buildings. High numbers of suicides took place in many other locations, including Neubrandenburg (600 dead), Stolp in Pommern (1,000 dead), and Berlin, where at least 7,057 people committed suicide in 1945. Estimates of
1575-872: A war fought on two fronts. The invasion conquered a huge area, including the Baltic states, Belarus , and west Ukraine . After the successful Battle of Smolensk in September 1941, Hitler ordered Army Group Centre to halt its advance to Moscow and temporarily divert its Panzer groups to aid in the encirclement of Leningrad and Kyiv . This pause provided the Red Army with an opportunity to mobilise fresh reserves. The Moscow offensive, which resumed in October 1941, ended disastrously in December . On 7 December 1941, Japan attacked Pearl Harbor , Hawaii. Four days later, Germany declared war on
1680-504: A war of conquest to obtain more territory. The Saarland , which had been placed under League of Nations supervision for 15 years at the end of World War I, voted in January 1935 to become part of Germany. In March 1935, Hitler announced the creation of an air force, and that the Reichswehr would be increased to 550,000 men. Britain agreed to Germany building a naval fleet with the signing of
1785-681: Is 1,000,000,000, or one thousand million, while Billion is 1,000,000,000,000, or one million million. Nazi Germany Nazi Germany , officially known as the German Reich and later the Greater German Reich , was the German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a totalitarian dictatorship . The Third Reich , meaning "Third Realm" or "Third Empire", referred to
1890-459: The Schutzstaffel (SS) and Gestapo to purge the entire SA leadership. Hitler targeted SA Stabschef (Chief of Staff) Ernst Röhm and other SA leaders who—along with a number of Hitler's political adversaries (such as Gregor Strasser and former chancellor Kurt von Schleicher )—were arrested and shot. Up to 200 people were killed from 30 June to 2 July 1934 in an event that became known as
1995-569: The Völkisch movement . The party, especially its paramilitary organisation Sturmabteilung (SA; Storm Detachment), or Brownshirts, used physical violence to advance their political position, disrupting the meetings of rival organisations and attacking their members as well as Jewish people on the streets. Such far-right armed groups were common in Bavaria , and were tolerated by the sympathetic far-right state government of Gustav Ritter von Kahr . When
2100-535: The 6th Army could be supplied by air, but this turned out to be infeasible. Hitler's refusal to allow a retreat led to the deaths of 200,000 German and Romanian soldiers; of the 91,000 men who surrendered in the city on 31 January 1943, only 6,000 survivors returned to Germany after the war. Losses continued to mount after Stalingrad, leading to a sharp reduction in the popularity of the Nazi Party and deteriorating morale. Soviet forces continued to push westward after
2205-706: The Anglo-German Naval Agreement on 18 June 1935. When the Italian invasion of Ethiopia led to only mild protests by the British and French governments, on 7 March 1936 Hitler used the Franco-Soviet Treaty of Mutual Assistance as a pretext to order the army to march 3,000 troops into the demilitarised zone in the Rhineland in violation of the Versailles Treaty. As the territory was part of Germany,
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#17328512338992310-615: The Anschluss of 1938. The Munich Agreement of 1938 gave Germany control of the Sudetenland, and they seized the remainder of Czechoslovakia six months later. Under threat of invasion by sea, Lithuania surrendered the Memel district in March 1939. Between 1939 and 1941, German forces invaded Poland , Denmark , Norway , France , Luxembourg , the Netherlands , Belgium , Yugoslavia , Greece , and
2415-558: The Battle of Berlin (16 April – 2 May 1945), Hitler and his staff lived in the underground Führerbunker while the Red Army approached. On 30 April, when Soviet troops were within two blocks of the Reich Chancellery , Hitler and his wife Eva Braun committed suicide . On 2 May, General Helmuth Weidling unconditionally surrendered Berlin to Soviet General Vasily Chuikov . Hitler
2520-707: The Communist Party of Germany were arrested. On 23 March 1933, the Enabling Act , an amendment to the Weimar Constitution , passed in the Reichstag by a vote of 444 to 94. This amendment allowed Hitler and his cabinet to pass laws—even laws that violated the constitution—without the consent of the president or the Reichstag. As the bill required a two-thirds majority to pass, the Nazis used intimidation tactics as well as
2625-573: The German Empire (1871–1918) as the second. Severe setbacks to the German economy began after World War I ended, partly because of reparations payments required under the 1919 Treaty of Versailles . The government printed money to make the payments and to repay the country's war debt, but the resulting hyperinflation led to inflated prices, economic chaos, and food riots. When the government defaulted on their reparations payments in January 1923, French troops occupied German industrial areas along
2730-553: The Hague Convention , industrial firms in the Netherlands, France, and Belgium were put to work producing war materiel for Germany. The Nazis seized from the French thousands of locomotives and rolling stock, stockpiles of weapons, and raw materials such as copper, tin, oil, and nickel. Payments for occupation costs were levied upon France, Belgium, and Norway. Barriers to trade led to hoarding, black markets , and uncertainty about
2835-502: The League of Nations in October, claiming its disarmament clauses were unfair if they applied only to Germany. In a referendum held in November , 95 per cent of voters supported Germany's withdrawal. In 1934, Hitler told his military leaders that rearmament needed to be complete by 1942, as by then the German people would require more living space and resources, so Germany would have to start
2940-756: The Low Countries . They quickly conquered Luxembourg and the Netherlands and outmanoeuvred the Allies in Belgium , forcing the evacuation of many British and French troops at Dunkirk . France fell as well, surrendering to Germany on 22 June . The victory in France resulted in an upswing in Hitler's popularity and an upsurge in war fever in Germany. In violation of the provisions of
3045-518: The Nazi euthanasia program . Political courts called Sondergerichte sentenced some 12,000 members of the German resistance to death, and civil courts sentenced an additional 40,000 Germans. Mass rapes of German women also took place. As a result of their defeat in World War I and the resulting Treaty of Versailles, Germany lost Alsace-Lorraine , Northern Schleswig , and Memel . The Saarland became
3150-702: The Night of the Long Knives . On 2 August 1934, Hindenburg died. The previous day, the cabinet had enacted the " Law Concerning the Head of State of the German Reich ", which stated that upon Hindenburg's death the office of Reich President would be abolished and its powers merged with those of Reich Chancellor. Hitler thus became head of state as well as head of government and was formally named as Führer und Reichskanzler ("Leader and Chancellor"), although eventually Reichskanzler
3255-511: The Ruhr and widespread civil unrest followed. The National Socialist German Workers' Party ( Nationalsozialistische Deutsche Arbeiterpartei ), commonly known as the Nazi Party, was founded in 1920. It was the renamed successor of the German Workers' Party (DAP) formed one year earlier, and one of several far-right political parties then active. The Nazi Party platform included destruction of
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3360-502: The Soviet Union and invaded Poland on 1 September 1939, launching World War II in Europe . In alliance with Italy and other Axis powers , Germany conquered most of Europe by 1940 and threatened Great Britain. Racism , Nazi eugenics , anti-Slavism , and especially antisemitism were central ideological features of the regime. The Germanic peoples were considered by the Nazis to be
3465-749: The Trizone and later in the same year by the East German mark in the Soviet Occupation Zone (colloquially also "Ostmark", since 1968 officially " Mark der DDR "). The 1948 currency reform under the direction of Ludwig Erhard is considered the beginning of the West German economic recovery ; however, the secret plan to introduce the Deutsche Mark in the Trizone was formulated by economist Edward A. Tenenbaum of
3570-905: The U.S. Treasury Department authorized the air transfer of these to the USSR. Using a printing plant in occupied Leipzig , the Soviet authorities printed large runs of occupation marks to fill Soviet coffers with dollars causing inflation and financial instability. An investigation by the United States Congress (Occupation Currency Transactions Hearings before the Committee on Appropriations, Armed Services and Banking and Currency, U.S. Senate , 1947) found that about $ 380,000,000 "more currency than there were appropriations for" had been circulated. In 1947 Rhineland-Palatinate issued 5₰ and 10₰ notes with Geldschein on them. Coins and banknotes for circulation in
3675-755: The US military government , and was executed abruptly on 21 June 1948. Three days later, the new currency also replaced the Reichsmark in the three Western sectors of Berlin . In November 1945, the Reichsmark was superseded by the Second Austrian schilling in Austria. In 1947, the Saar mark , later replaced with the Saar franc , was introduced in the Saar . In 1924, coins were introduced in denominations of 1 ℛ︁₰ , 2 ℛ︁₰, 5 ℛ︁₰ , 10 ℛ︁₰, and 50 ℛ︁₰ , and 1 ℳ︁ and 3 ℳ︁. 4 Reichspfennig coins were issued in 1932 as part of
3780-465: The federal election of 1932 , the party was the largest in the Reichstag , holding 230 seats with 37.4 per cent of the popular vote. Although the Nazis won the greatest share of the popular vote in the two Reichstag general elections of 1932, they did not have a majority. Hitler refused to participate in a coalition government unless he was its leader. Under pressure from politicians, industrialists, and
3885-493: The Łódź Ghetto . Special issues of Reichsmark currency were issued for use by the Wehrmacht from 1942 to 1944. The first issue was denominated in 1 ℛ︁₰, 5 ℛ︁₰, 10 ℛ︁₰, and 50 ℛ︁₰ and 1 ℛ︁ℳ︁, but was valued at 1 military Reichspfennig = 10 civilian Reichspfennig. This series was printed on only one side. The second issue notes of 1 ℛ︁ℳ︁, 5 ℛ︁ℳ︁, 10 ℛ︁ℳ︁, and 50 ℛ︁ℳ︁ were equal in value to
3990-719: The " master race ", the purest branch of the Aryan race. Jews , Romani people , Slavs , homosexuals , liberals , socialists , communists , other political opponents, Jehovah's Witnesses , Freemasons , those who refused to work , and other "undesirables" were imprisoned, deported , or murdered. Christian churches and citizens that opposed Hitler's rule were oppressed and leaders imprisoned. Education focused on racial biology , population policy, and fitness for military service. Career and educational opportunities for women were curtailed . Nazi Propaganda Ministry disseminated films, antisemitic canards , and organized mass rallies; fostering
4095-446: The 2 ₰ until 1916. Whilst iron 5 ₰ , both iron and zinc 10 ₰, and aluminium 50 ₰ coins were issued until 1922. Aluminium 3ℳ︁ were issued in 1922 and 1923, and aluminium 200ℳ︁ and 500ℳ︁ were issued in 1923. The quality of many of these coins varied from decent to poor. During this period, many provinces and cities also had their own corresponding coin and note issues, referred to as Notgeld currency. This came about often due to
4200-412: The 4 ℛ︁₰ coin was only slightly larger than the 1 ℳ︁ coin and the imperial eagle looked similar, an attempt was made to pass it off as a 1-reichsmark coin by silvering the 4 ℛ︁₰ coin. The zinc 10 Reichspfennig coin was minted by Nazi Germany between 1940 and 1945 during World War II, replacing the aluminium-bronze version, which had a distinct golden colour. It is worth 1 ⁄ 10 or .10 of
4305-553: The Allied bombing campaign became even more devastating. By targeting oil refineries and factories, they crippled the German war effort by late 1944. On 6 June 1944, American, British, and Canadian forces established a front in France with the D-Day landings in Normandy . On 20 July 1944 , Hitler survived an assassination attempt. He ordered brutal reprisals, resulting in 7,000 arrests and
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4410-452: The British and French governments did not feel that attempting to enforce the treaty was worth the risk of war. In the one-party election held on 29 March, the Nazis received 98.9 per cent support. In 1936, Hitler signed an Anti-Comintern Pact with Japan and a non-aggression agreement with Mussolini, who was soon referring to a "Rome-Berlin Axis". Hitler sent military supplies and assistance to
4515-743: The German National People's Party – their former coalition partners – which then disbanded on 29 June. The remaining major political parties followed suit. On 14 July 1933 Germany became a one-party state with the passage of the Law Against the Formation of Parties , decreeing the Nazi Party to be the sole legal party in Germany. The founding of new parties was also made illegal, and all remaining political parties which had not already been dissolved were banned. Further elections in November 1933 , 1936 , and 1938 were Nazi-controlled, with only members of
4620-411: The German state in the Nazi era are "Nazi Germany" and the "Third Reich", which Hitler and the Nazis also referred to as the "Thousand-Year Reich" ( Tausendjähriges Reich ). The latter, a translation of the Nazi propaganda term Drittes Reich , was first used in Das Dritte Reich , a 1923 book by Arthur Moeller van den Bruck . The book counted the Holy Roman Empire (962–1806) as the first Reich and
4725-445: The Nationalist forces of General Francisco Franco in the Spanish Civil War , which began in July 1936. The German Condor Legion included a range of aircraft and their crews, as well as a tank contingent. The aircraft of the Legion destroyed the city of Guernica in 1937. The Nationalists were victorious in 1939 and became an informal ally of Nazi Germany. In February 1938, Hitler emphasised to Austrian Chancellor Kurt Schuschnigg
4830-408: The Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800/962–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich , ended in May 1945, after only 12 years, when the Allies defeated Germany and entered the capital, Berlin , ending World War II in Europe . After Hitler was appointed Chancellor of Germany by
4935-477: The Norddeutsche Credit-Anstalt) were in operation. The Papiermark was issued by Danzig from 1914 to 1923. Five series were issued during World War I by the City Council (1914, 1916, 1918 first and second issue, and 1919). Denominations ranged from 10₰ to 20ℳ︁. The Free City of Danzig municipal senate issued an additional four post-World War I series of notes (1922, 1923 First issue, 1923 Provisional issue, and 1923 Inflation issue). The 1922 issue (31 October 1922)
5040-401: The Papiermark was replaced by the Rentenmark at RM4.2 Rentenmark = US$ 1, or 1 trillion-ℳ︁ = RM1 (exchangeable through July 1925). During the hyperinflation, ever higher denominations of banknotes were issued by the Reichsbank and other institutions (notably the Reichsbahn railway company). The Papiermark was produced and circulated in enormously large quantities. Before the war,
5145-421: The Party and a small number of independents elected. All civilian organisations had their leadership replaced with Nazi sympathisers or party members, and either merged with the Nazi Party or faced dissolution. The Nazi government declared a "Day of National Labor" for May Day 1933, and invited many trade union delegates to Berlin for celebrations. The day after, SA stormtroopers demolished union offices around
5250-403: The Polish Corridor but greatly expanding German territory eastward at the expense of Poland. He expected this time they would be met by force. The Germans reaffirmed their alliance with Italy and signed non-aggression pacts with Denmark, Estonia, and Latvia whilst trade links were formalised with Romania, Norway, and Sweden. Foreign Minister Joachim von Ribbentrop arranged in negotiations with
5355-411: The President of the Weimar Republic Paul von Hindenburg on 30 January 1933, the Nazi Party began to eliminate political opposition and consolidate power. Hindenburg died on 2 August 1934, and Hitler became dictator by merging the powers of the chancellery and presidency. A 1934 German referendum confirmed Hitler as sole Führer (leader). Power was centralised in Hitler's person, and his word became
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#17328512338995460-402: The RAF in what became known as the Battle of Britain , and by the end of October, Hitler realised that air superiority would not be achieved. He permanently postponed the invasion, a plan which the commanders of the German army had never taken entirely seriously. Several historians, including Andrew Gordon , believe the primary reason for the failure of the invasion plan was the superiority of
5565-508: The Reichsmark replaced the Austrian schilling . During the Second World War , Germany established fixed exchange rates between the Reichsmark and the currencies of the occupied and allied countries , often set so as to give economic benefits to German soldiers and civilian contractors, who were paid their wages in local currency. The rates were as follows: After the Second World War , the Reichsmark continued to circulate in Germany, but with new banknotes ( Allied Occupation Marks ) printed in
5670-456: The Royal Navy, not the actions of the RAF. In February 1941, the German Afrika Korps arrived in Libya to aid the Italians in the North African Campaign . On 6 April, Germany launched an invasion of Yugoslavia and Greece . All of Yugoslavia and parts of Greece were subsequently divided between Germany, Hungary, Italy, and Bulgaria. On 22 June 1941, contravening the Molotov–Ribbentrop Pact, about 3.8 million Axis troops attacked
5775-493: The Soviet Union a non-aggression pact, the Molotov–Ribbentrop Pact , signed in August 1939. The treaty also contained secret protocols dividing Poland and the Baltic states into German and Soviet spheres of influence. Germany's wartime foreign policy involved the creation of allied governments controlled directly or indirectly from Berlin. They intended to obtain soldiers from allies such as Italy and Hungary and workers and food supplies from allies such as Vichy France . Hungary
5880-506: The Soviet Union attacked from the east on 17 September. Reinhard Heydrich , chief of the Sicherheitspolizei (SiPo; Security Police) and Sicherheitsdienst (SD; Security Service), ordered on 21 September that Polish Jews should be rounded up and concentrated into cities with good rail links. Initially the intention was to deport them further east, or possibly to Madagascar . Using lists prepared in advance , some 65,000 Polish intelligentsia, noblemen, clergy, and teachers were murdered by
5985-441: The Soviet Union in 1941, Nazi Germany attempted to implement the Generalplan Ost and Hunger Plan , as part of its war of extermination in Eastern Europe. The Soviet resurgence and entry of the US into the war meant Germany lost the initiative in 1943 and by late 1944 had been pushed back to the 1939 border. Large-scale aerial bombing of Germany escalated and the Axis powers were driven back in Eastern and Southern Europe. Germany
6090-443: The Soviet Union. In addition to Hitler's stated purpose of acquiring Lebensraum , this large-scale offensive—codenamed Operation Barbarossa —was intended to destroy the Soviet Union and seize its natural resources for subsequent aggression against the Western powers. The reaction among Germans was one of surprise and trepidation as many were concerned about how much longer the war would continue or suspected that Germany could not win
6195-421: The US and in the Soviet Zone , as well as with coins (without swastikas ). Inflation in the final months of the war had reduced the value of the Reichsmark from 2.50 ℛ︁ℳ︁ = $ 1US to 10 ℛ︁ℳ︁ = $ 1US and a barter economy had emerged due to the rapid depreciation. The Reichsmark was replaced by the Deutsche Mark at a rate of 10:1 (1:1 for cash and current accounts) in June 1948 in
6300-419: The United States. Food was in short supply in the conquered areas of the Soviet Union and Poland, as the retreating armies had burned the crops in some areas, and much of the remainder was sent back to the Reich. In Germany, rations were cut in 1942. In his role as Plenipotentiary of the Four Year Plan , Hermann Göring demanded increased shipments of grain from France and fish from Norway. The 1942 harvest
6405-444: The Weimar Republic, rejection of the Treaty of Versailles, radical antisemitism , and anti- Bolshevism . They promised a strong central government, increased Lebensraum ("living space") for Germanic peoples, formation of a national community based on race, and racial cleansing via the active suppression of Jews , who would be stripped of their citizenship and civil rights. The Nazis proposed national and cultural renewal based upon
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#17328512338996510-493: The announcement of the creation of the Rentenmark , although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1- trillion (10 )-ℳ︁ to RM 1. On 30 August 1924 the Rentenmark was replaced by the Reichsmark . In addition to the issues of the government, emergency issues of both tokens and paper money, known as Kriegsgeld (war money) and Notgeld (emergency money), were produced by local authorities. The Papiermark
6615-451: The blockade, imports into Germany declined by 80 per cent. To safeguard Swedish iron ore shipments to Germany, Hitler ordered the invasion of Denmark and Norway , which began on 9 April. Denmark fell after less than a day , while most of Norway followed by the end of the month. By early June, Germany occupied all of Norway . Against the advice of many of his senior military officers, in May 1940 Hitler ordered an attack on France and
6720-400: The business community, President Paul von Hindenburg appointed Hitler as Chancellor of Germany on 30 January 1933. This event is known as the Machtergreifung ("seizure of power"). On the night of 27 February 1933, the Reichstag building was set afire . Marinus van der Lubbe , a Dutch communist, was found guilty of starting the blaze. Hitler proclaimed that the arson marked the start of
6825-445: The churches. The Nazi regime abolished the symbols of the Weimar Republic—including the black, red, and gold tricolour flag —and adopted reworked symbolism. The previous imperial black, white, and red tricolour was restored as one of Germany's two official flags; the second was the swastika flag of the Nazi Party, which became the sole national flag in September 1935. The Party anthem " Horst-Wessel-Lied " ("Horst Wessel Song") became
6930-1141: The coin. The first Reichsmark banknotes were introduced by the Reichsbank and state banks such as those of Bavaria , Saxony and Baden . The first Reichsbank issue of 1924 came in denominations of 10 ℛ︁ℳ︁, 20 ℛ︁ℳ︁, 50 ℛ︁ℳ︁, 100 ℛ︁ℳ︁, and 1,000 ℛ︁ℳ︁. This was followed by a second issue in the same denominations, dated between 1929 and 1936. The second issue commemorated persons who made contributions to German agriculture, industry, economy, science, and architecture: 10 ℛ︁ℳ︁ issued in 1929 commemorated agronomist Albrecht Thaer ; 20 ℛ︁ℳ︁ issued in 1929 commemorated engineer, inventor, and industrialist Werner von Siemens ; 50 ℛ︁ℳ︁ issued in 1933 commemorated Prussian politician and banker David Hansemann ; 100 ℛ︁ℳ︁ issued in 1935 commemorated chemist and "father of fertilizer industry" Justus von Liebig ; 1,000 ℛ︁ℳ︁ issued in 1936 commemorated Prussian architect Karl Friedrich Schinkel . A newer version of 20 ℛ︁ℳ︁ note
7035-712: The cost of a gold mark (or conversely the devaluation of the paper mark) rose from 15ℳ︁ to 1,282ℳ︁. In 1923 the value of the paper mark had its worst decline. By July, the cost of a gold mark had risen to 101,112ℳ︁, and in September was already at 13-million-ℳ︁. On 30 Nov 1923 it cost 1-trillion-ℳ︁ to buy a single gold mark. In October 1923, Germany experienced a 29,500% hyperinflation (roughly 21% interest per day). Historically, this one-month inflation rate has only been exceeded three times: Yugoslavia , 313,000,000% (64.6% per day, January 1994); Zimbabwe , 79.6 billion% (98% per day, November 2008); and Hungary , 41.9 quadrillion % (207% per day, July 1946). On 15 November 1923
7140-411: The country; all trade unions were forced to dissolve and their leaders were arrested. The Law for the Restoration of the Professional Civil Service , passed in April, removed from their jobs all teachers, professors, judges, magistrates, and government officials who were Jewish or whose commitment to the party was suspect. This meant the only non-political institutions not under control of the Nazis were
7245-400: The currency of the occupied countries. The coins were originally planned in great numbers of 100 million and 250 million each of the 5 ℛ︁₰ and 10 ℛ︁₰ coins respectively. The first embossing order, which was issued in April 1940, was about 40 million × 5 ℛ︁₰ and 100 million × 10 ℛ︁₰. The total amount was divided between each of the seven German mints after the embossing key of 1939. The contract
7350-510: The electorate in a plebiscite . Most Germans were relieved that the conflicts and street fighting of the Weimar era had ended. They were deluged with propaganda orchestrated by Minister of Public Enlightenment and Propaganda Joseph Goebbels , who promised peace and plenty for all in a united, Marxist-free country without the constraints of the Versailles Treaty. The Nazi Party obtained and legitimised power through its initial revolutionary activities, then through manipulation of legal mechanisms,
7455-471: The end of 1939 in an attempt to destroy Poland's identity as a nation. Soviet forces advanced into Finland in the Winter War , and German forces saw action at sea. But little other activity occurred until May, so the period became known as the " Phoney War ". From the start of the war, a British blockade on shipments to Germany affected its economy. Germany was particularly dependent on foreign supplies of oil, coal, and grain. Thanks to trade embargoes and
7560-573: The end of the hyperinflation, these notes were worth approximately £stg5.2 or US$ 23.81. The Danziger Privat Actien-Bank (opened 1856) was the first bank established in Danzig. They issued two series of notes denominated in thalers (1857 and 1862–73) prior to issuing the mark (1875, 1882, 1887). These mark issues are extremely rare. The Ostbank fur Handel and Gewerbe opened 16 March 1857, and by 1911 two additional banks (the Imperial Bank of Germany and
7665-591: The establishment of the Nuremberg Laws of 1935, which stripped them of their basic rights. The Nazis would take from the Jews their wealth, their right to intermarry with non-Jews, and their right to occupy many fields of labour (such as law, medicine, or education). Eventually the Nazis declared the Jews as undesirable to remain among German citizens and society. As early as February 1933, Hitler announced that rearmament must begin, albeit clandestinely at first, as to do so
7770-473: The execution of more than 4,900 people. The failed Ardennes Offensive (16 December 1944 – 25 January 1945) was the last major German offensive on the western front, and Soviet forces entered Germany on 27 January. Hitler's refusal to admit defeat and his insistence that the war be fought to the last man led to unnecessary death and destruction in the war's closing months. Through his Justice Minister Otto Georg Thierack , Hitler ordered that anyone who
7875-1104: The failed German offensive at the Battle of Kursk in the summer of 1943. By the end of 1943, the Germans had lost most of their eastern territorial gains. In Egypt, Field Marshal Erwin Rommel 's Afrika Korps were defeated by British forces under Field Marshal Bernard Montgomery in October 1942. The Allies landed in Sicily in July 1943 and were on the Italian peninsula by September. Meanwhile, American and British bomber fleets based in Britain began operations against Germany . Many sorties were intentionally given civilian targets in an effort to destroy German morale. The bombing of aircraft factories as well as Peenemünde Army Research Center , where V-1 and V-2 rockets were being developed and produced, were also deemed particularly important. German aircraft production could not keep pace with losses, and without air cover
7980-664: The future. Food supplies were precarious; production dropped in most of Europe. Famine was experienced in many occupied countries. Hitler's peace overtures to the new British Prime Minister Winston Churchill were rejected in July 1940. Grand Admiral Erich Raeder had advised Hitler in June that air superiority was a pre-condition for a successful invasion of Britain , so Hitler ordered a series of aerial attacks on Royal Air Force (RAF) airbases and radar stations, as well as nightly air raids on British cities, including London , Plymouth , and Coventry . The German Luftwaffe failed to defeat
8085-454: The highest denomination was 1,000ℳ︁, equivalent to approximately £stg 48.9 or US$ 238.09. In early 1922, 10,000ℳ︁ notes were introduced, followed by 100,000ℳ︁ and 1-million-ℳ︁ notes in February 1923. July 1923 saw notes up to 50-million-ℳ︁, with 10-milliard (10 )-ℳ︁ notes introduced in September. The hyperinflation peaked in October 1923 and banknote denominations rose to 100- trillion (10 )-ℳ︁. At
8190-512: The highest law. The government was not a coordinated, cooperating body, but rather a collection of factions struggling to amass power. In the midst of the Great Depression , the Nazis restored economic stability and ended mass unemployment using heavy military spending. Financed by deficit spending , the regime undertook extensive public works projects, including the Autobahnen (motorways) and
8295-571: The issues of the Reichsbank . Most were 1ℳ︁ and 2ℳ︁ notes but there were also 5ℳ︁, 20ℳ︁, 50ℳ︁ and 100ℳ︁ notes. Between 1914 and the end of 1923 the Papiermark's rate of exchange against the U.S. dollar plummeted from 4.2ℳ︁ = US$ 1 to 4.2-trillionℳ︁ = US$ 1. The price of one gold mark (358 mg of pure gold) in German paper currency at the end of 1918 was 2ℳ︁, but by the end of 1919 a gold mark cost 10ℳ︁. This inflation worsened between 1920 and 1922, and
8400-469: The need for Germany to secure its frontiers. Schuschnigg scheduled a plebiscite regarding Austrian independence for 13 March, but Hitler sent an ultimatum to Schuschnigg on 11 March demanding that he hand over all power to the Austrian Nazi Party or face an invasion. German troops entered Austria the next day, to be greeted with enthusiasm by the populace. The Republic of Czechoslovakia was home to
8505-474: The occupied territories during the war were issued by the Reichskreditkassen . Holed, zinc coins in 5 ℛ︁₰ and 10 ℛ︁₰ denominations were struck in 1940 and 1941. Banknotes were issued between 1939 and 1945 in denominations of 50 ℛ︁₰, 1 ℛ︁ℳ︁, 2 ℛ︁ℳ︁, 5 ℛ︁ℳ︁, 20 ℛ︁ℳ︁, and 50 ℛ︁ℳ︁. These served as legal tender alongside
8610-486: The ordinary German Reichsmark and were printed on both sides. The 5 Mark note pictured, front and back, is Allied military currency ("AMC") printed at Forbes Lithograph Manufacturing Company in Boston for occupied Germany. There were different AMCs for each liberated area of Europe. Papiermark The Papiermark ( German: [paˈpiːɐ̯ˌmaʁk] ; lit. 'paper mark', officially just Mark , sign : ℳ︁ )
8715-489: The plan, as Germany was not yet ready for war. The crisis led to war preparations by Britain, Czechoslovakia, and France (Czechoslovakia's ally). Attempting to avoid war, British Prime Minister Neville Chamberlain arranged a series of meetings, the result of which was the Munich Agreement , signed on 29 September 1938. The Czechoslovak government was forced to accept the Sudetenland's annexation into Germany. Chamberlain
8820-583: The provisions of the Reichstag Fire Decree to keep several Social Democratic deputies from attending, and the Communists had already been banned. The Enabling Act would subsequently serve as the legal foundation for the dictatorship the Nazis established. On 10 May, the government seized the assets of the Social Democrats, and they were banned on 22 June. On 21 June, the SA raided the offices of
8925-516: The stock market in the United States crashed in 1929 , the effect in Germany was dire. Millions were thrown out of work and several major banks collapsed. Hitler and the Nazis prepared to take advantage of the emergency to gain support for their party. They promised to strengthen the economy and provide jobs. Many voters decided the Nazi Party was capable of restoring order, quelling civil unrest, and improving Germany's international reputation. After
9030-635: The time; see long and short scale ). To stabilize the economy and to smooth the transition, the Papiermark was not directly replaced by the Reichsmark, but by the Rentenmark , an interim currency backed by the Deutsche Rentenbank , owning industrial and agricultural real estate assets. The Reichsmark was put on the gold standard at the rate previously used by the German mark , with the U.S. dollar worth 4.20 ℛ︁ℳ︁. During this period
9135-529: The total German war dead range from 5.5 to 6.9 million persons. A study by German historian Rüdiger Overmans puts the number of German military dead and missing at 5.3 million, including 900,000 men conscripted from outside of Germany's 1937 borders. Richard Overy estimated in 2014 that about 353,000 civilians were killed in Allied air raids. Other civilian deaths include 300,000 Germans (including Jews) who were victims of Nazi political, racial, and religious persecution and 200,000 who were murdered in
9240-469: The use of police powers, and by taking control of the state and federal institutions. The first major Nazi concentration camp , initially for political prisoners, was opened at Dachau in 1933. Hundreds of camps of varying size and function were created by the end of the war. Beginning in April 1933, scores of measures defining the status of Jews and their rights were instituted. These measures culminated in
9345-487: The war drew to a close. Suicide rates in Germany increased, particularly in areas where the Red Army was advancing. Among soldiers and party personnel, suicide was often deemed an honourable and heroic alternative to surrender. First-hand accounts and propaganda about the uncivilised behaviour of the advancing Soviet troops caused panic among civilians on the Eastern Front, especially women, who feared being raped. More than
9450-489: Was a powerful ally, the relationship was distant, with little co-ordination or co-operation. For example, Germany refused to share their formula for synthetic oil from coal until late in the war. Germany invaded Poland and captured the Free City of Danzig on 1 September 1939, beginning World War II in Europe. Honouring their treaty obligations, Britain and France declared war on Germany two days later. Poland fell quickly, as
9555-462: Was also used in the Free City of Danzig until it was replaced by the Danzig Gulden in late 1923. Several coins and emergency issues in Papiermark were issued by the free city. During the war, cheaper metals were introduced for coins, including aluminium , zinc and iron , although silver 1 ⁄ 2 ℳ︁ pieces continued in production until 1919. Aluminium 1 ₰ were produced until 1918 and
9660-551: Was conquered by the Soviet Union from the east and the other Allies from the west, and capitulated on 8 May 1945. Hitler's refusal to admit defeat led to massive destruction of German infrastructure and additional war-related deaths in the closing months of the war. The Allies initiated a policy of denazification and put many of the surviving Nazi leadership on trial for war crimes at the Nuremberg trials . Common English terms for
9765-402: Was denominated in 100ℳ︁, 500ℳ︁, and 1,000ℳ︁ notes. The denominations for the 1923 issue were 1,000ℳ︁ (15 March 1923), and 10,000ℳ︁ and 50,000ℳ︁ notes (20 March 1923). The 1923 provisional issue reused earlier notes with a large red stamp indicating the new (and higher) denominations of 1 million-ℳ︁ (8 August 1923) and 5 million-ℳ︁ (15 October 1923) mark. The last series of Danzig mark
9870-417: Was dropped. Germany was now a totalitarian state with Hitler at its head. As head of state, Hitler became Supreme Commander of the armed forces. The new law provided an altered loyalty oath for servicemen so that they affirmed loyalty to Hitler personally rather than the office of supreme commander or the state. On 19 August, the merger of the presidency with the chancellorship was approved by 90 per cent of
9975-623: Was good, and food supplies remained adequate in Western Europe. Germany and Europe as a whole were almost totally dependent on foreign oil imports. In an attempt to resolve the shortage, in June 1942 Germany launched Fall Blau ("Case Blue"), an offensive against the Caucasian oilfields. The Red Army launched a counter-offensive on 19 November and encircled the Axis forces, who were trapped in Stalingrad on 23 November. Göring assured Hitler that
10080-522: Was greeted with cheers when he landed in London, saying the agreement brought "peace for our time". Austrian and Czech foreign exchange reserves were seized by the Nazis, as were stockpiles of raw materials such as metals and completed goods such as weaponry and aircraft, which were shipped to Germany. The Reichswerke Hermann Göring industrial conglomerate took control of steel and coal production facilities in both countries. In January 1934, Germany signed
10185-485: Was in violation of the Versailles Treaty. On 17 May 1933, Hitler gave a speech before the Reichstag outlining his desire for world peace and accepted an offer from American President Franklin D. Roosevelt for military disarmament, provided the other nations of Europe did the same. When the other European powers failed to accept this offer, Hitler pulled Germany out of the World Disarmament Conference and
10290-865: Was introduced in 1939, using a design taken from an unissued Austrian S 100 banknote type. 5 ℛ︁ℳ︁ notes were issued in 1942. Throughout this period, the Rentenbank also issued banknotes denominated in Rentenmark, mostly in RM 1 and RM 2 denominations. In preparation for the occupation of Germany, the United States issued occupation banknotes dated 1944, printed by the Forbes Lithograph Printing Company of Boston. These were printed in similar colours with different sizes for groups of denominations. Notes were issued for 1 ⁄ 2 ℳ︁, 1 ℳ︁, 5 ℳ︁, 10 ℳ︁, 20 ℳ︁, 50 ℳ︁, 100 ℳ︁, and 1,000 ℳ︁. The issuer
10395-432: Was not prepared to fight should be court-martialed, and thousands of people were executed. In many areas, people surrendered to the approaching Allies in spite of exhortations of local leaders to continue to fight. Hitler ordered the destruction of transport, bridges, industries, and other infrastructure—a scorched earth decree—but Armaments Minister Albert Speer prevented this order from being fully carried out. During
10500-775: Was stopped in August 1940 as the Wehrmacht, which had requested the coins for Belgium and France, had no more need of it. When the embossing stopped, only Berlin ("A") and Munich ("D") produced significant quantities, but they still came to only a small extent of original production plans. The majority were melted down due to the limited supply of metal and thus, most mint marks are now quite rare (except for 1940 5 A and D, and 1940 10 A). Various special issues of Reichsmark currency were issued for use in concentration and prisoner of war (POW) camps ( Stalag ). None were legal tender in Germany itself. From 1942 to 1943 tokens were struck for use within
10605-536: Was succeeded by Grand Admiral Karl Dönitz as Reich President and Goebbels as Reich Chancellor. Goebbels and his wife Magda committed suicide the next day after murdering their six children . Between 4 and 8 May 1945, most of the remaining German armed forces unconditionally surrendered. The German Instrument of Surrender was signed 8 May, marking the end of the Nazi regime and the end of World War II in Europe . Popular support for Hitler almost completely disappeared as
10710-583: Was the Alliierte Militärbehörde ('Allied military authorities') with In Umlauf gesetzt in Deutschland ('in legal circulation in Germany') printed on the obverse. These notes were convertible to US dollars at a rate of 10:1. Seeing an opportunity to procure foreign hard currency, the Soviet Union demanded copies of the engraving plates, ink, and associated equipment in early 1944, and on 14 April 1944 Henry Morgenthau and Harry Dexter White of
10815-503: Was 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 Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923. From 1914, the value of the mark fell. The rate of inflation rose following the end of World War I and reached its highest point in October 1923. The currency stabilized in November 1923 after
10920-529: Was the 1923 inflation issue of 1 million-ℳ︁ (8 August 1923), 10 million-ℳ︁ (31 August 1923), 100 million-ℳ︁ (22 September 1923), 500 million-ℳ︁ (26 September 1923), 5 billion-ℳ︁ and 10 billion-ℳ︁ notes (11 October 1923). The Danzig mark was replaced by the Danzig gulden , first issued by the Danzig Central Finance Department on 22 October 1923. In German, Milliarde
11025-664: Was the fourth nation to join the Axis, signing the Tripartite Pact on 27 September 1940. Bulgaria signed the pact on 17 November. German efforts to secure oil included negotiating a supply from their new ally, Romania , who signed the Pact on 23 November, alongside the Slovak Republic. By late 1942, there were 24 divisions from Romania on the Eastern Front, 10 from Italy, and 10 from Hungary. Germany assumed full control in France in 1942, Italy in 1943, and Hungary in 1944. Although Japan
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