Rentenmark - GCSE History Definition
Reviewed by: Zoe Wade
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The Rentenmark was a currency introduced in Germany in 1923 to try to bring an end to the hyperinflation crisis. Prices had rocketed in Germany, causing the Reichmark to lose almost all its value. To make sure the Rentenmark was stable and trustworthy, it was backed by land and industrial goods instead of gold, which was scarce at the time. The introduction of the Rentenmark helped restore confidence in the German economy and allowed trade and daily life to return to normal. This was an important step in helping Germany recover after World War I and the economic troubles that followed.
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