Rentenmark reform of 1923

E238864

The Rentenmark reform of 1923 was a German monetary stabilization measure that introduced the Rentenmark to halt hyperinflation and restore confidence in the post–World War I economy.

All labels observed (2)

Label Occurrences
Rentenbank law of 1923 1
Rentenmark reform of 1923 canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf economic stabilization measure
monetary reform
affected German savings and contracts
German wages and salaries
foreign exchange markets
aimedTo halt hyperinflation
restore confidence in the German currency
restore monetary stability
appliesToJurisdiction Weimar Republic
backedBy land and industrial assets
basedOn mortgage bonds on industrial and agricultural property
country Germany
createdInstitution Deutsche Rentenbank
currencyExchangeRate 1 Rentenmark = 1 trillion Papiermark
field economic history
monetary economics
followedBy Reichsmark monetary reform of 1924
introduction of the Reichsmark
follows German hyperinflation of 1921–1923
hasPart introduction of the Rentenmark
historicalContext occupation of the Ruhr
reparations crisis
historicalPeriod post–World War I Germany
implementedBy Reichsbank
influenced Dawes Plan for German reparations after World War I
surface form: Dawes Plan negotiations
influencedBy World War I reparations
surface form: Allied reparations policy
introducedCurrency Rentenmark
languageOfRecord German
legalBasis Rentenmark reform of 1923 self-linksurface differs
surface form: Rentenbank law of 1923
legislatedBy Government of the German Reich
surface form: Reich government of the Weimar Republic
limitedIssueOf Rentenmark
location Berlin
mainProponent Hans Luther
Hjalmar Schacht
maximumRentenmarkIssue 3.2 billion Rentenmark
monetaryPolicyFeature prohibition of central bank financing of government deficits
strict limitation of note issue
partOf German response to the hyperinflation crisis
Weimar Republic economic stabilization
pointInTime November 1923
replaces Papiermark monetary system
result end of hyperinflation in Germany
restoration of domestic and international confidence in German currency
stabilization of the German price level
significance key turning point in Weimar Republic economic stabilization
temporalLocation 1923
underGovernmentOf Gustav Stresemann
underHeadOfState Friedrich Ebert

How these facts were elicited

Referenced by (2)

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

Rentenmark reformName Rentenmark reform of 1923
Rentenmark reform of 1923 legalBasis Rentenmark reform of 1923 self-linksurface differs
this entity surface form: Rentenbank law of 1923