Papiermark

E152035

The Papiermark was the German paper currency notorious for its extreme hyperinflation during the early 1920s in the Weimar Republic.

All labels observed (3)

Label Occurrences
Papiermark canonical 12
German Papiermark 3
German Rentenmark 1

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf German currency
historical currency
alsoKnownAs paper mark
collectibleStatus numismatic item
continuedBy Weimar Republic
country Germany
currencyCodeHistorical none
currencyOf German Empire
surface form: German Reich
denominationsIncluded banknotes
emergency money
treasury notes
denominationType Mark
economicEffect barter economy resurgence
erosion of savings
social unrest
endUse 1923
exchangeRateToRentenmarkAtReform 1 Rentenmark = 1,000,000,000,000 Papiermark
historicalContext Treaty of Versailles reparations
Weimar Republic economic crisis
historicalSignificance classic example of currency collapse
inflationType hyperinflation
introducedBy German Empire
introducedDuring World War I
issuer Federal Ministry of Finance
surface form: German Treasury

Reichsbank
legalStatusEnd 1924
materialForm paper money
notableFor extreme loss of value
hyperinflation
peakInflationYear 1923
reasonForHyperinflation excessive money printing
occupation of the Ruhr
war reparations
reasonForIntroduction suspension of gold convertibility
region German Reich territory
replaced Goldmark
startUse 1914
studiedIn economic history
macroeconomics
monetary economics
subunit Pfennig
subunitToUnitRatio 100 Pfennig = 1 Mark
succeededBy stable currency reform of 1923
timePeriod early 1920s
post–World War I era
typicalDesignElements German national symbols
ornamental patterns
portraits
usedIn Weimar Republic
wasReplacedBy Reichsmark
Rentenmark
writingSystem Latin alphabet
surface form: Latin script

How these facts were elicited

Referenced by (16)

Full triples — surface form annotated when it differs from this entity's canonical label.

Weimar Republic currency Papiermark
RM usedAfter Papiermark
Reichsbank currencyIssued Papiermark
Rentenmark replacedCurrency Papiermark
Danzig gulden follows Papiermark
this entity surface form: German Papiermark
Free People’s State of Württemberg currency Papiermark
this entity surface form: German Papiermark
Pfennig usedInCurrency Papiermark
Pfennig subdivisionOf Papiermark
German gold mark replacedBy Papiermark
Province of Prussia usedCurrency Papiermark
Free State of Gotha currency Papiermark
this entity surface form: German Rentenmark
Free City of Bremen currency Papiermark
Bavarian Soviet Republic currency Papiermark
this entity surface form: German Papiermark
Duchy of Anhalt currency Papiermark
Goldmark replacedBy Papiermark