paper mark

E612263

The paper mark (Papiermark) was the German currency used during and after World War I, notorious for its extreme hyperinflation in the early 1920s.

All labels observed (1)

Label Occurrences
paper mark canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf historical currency
country Germany NERFINISHED
currencyOf German Empire NERFINISHED
Weimar Republic NERFINISHED
denominations banknotes
coins
economicImpact loss of savings for German population
social and political instability in Weimar Germany
endTime 1924
EnglishName paper mark
exchangeRateToRentenmarkAtReform 1 Rentenmark = 1,000,000,000,000 Papiermark
followedBy Reichsmark NERFINISHED
Rentenmark NERFINISHED
government Weimar Republic NERFINISHED
highDenominationNotes trillion-mark notes
historicalRegion German Reich NERFINISHED
inflationType hyperinflation
introducedDuring suspension of gold standard in Germany
ISO4217LikeCode none (pre-ISO era)
languageOfTerm German
legalTender yes
materialForm paper money
monetaryAuthority Reichsbank NERFINISHED
monetaryReform German currency reform of 1923 NERFINISHED
nativeLabel Papiermark
notableEvent German hyperinflation of the early 1920s
notableFor hyperinflation
peakInflationYear 1923
peggedToGold no (during hyperinflation period)
precededBy Goldmark NERFINISHED
reasonForHyperinflation excessive money printing
war reparations burden
reasonForIssue financing World War I
replacedByCurrency Reichsmark NERFINISHED
Rentenmark NERFINISHED
replacedCurrency Goldmark
scriptOnNotes Latin script
startTime 1914
status obsolete
subunit Pfennig NERFINISHED
subunitToUnitRatio 100 Pfennig = 1 Mark
type fiat money
usedAlongside emergency money (Notgeld)
usedIn German domestic transactions
usedInPeriod World War I NERFINISHED
post–World War I Germany

How these facts were elicited

Referenced by (1)

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

Papiermark alsoKnownAs paper mark