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 (4)

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 negotiations ⓘ
influencedBy Allied reparations policy ⓘ
introducedCurrency Rentenmark ⓘ
languageOfRecord German ⓘ
legalBasis Rentenbank law of 1923 ⓘ
legislatedBy 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 (4)

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 → Rentenbank law of 1923 ⓘ
linked to: Rentenmark reform of 1923
Papiermark → monetaryReform → German currency reform of 1923 ⓘ
subject linked to: paper mark
linked to: Rentenmark reform of 1923
Deutsche Rentenbank → partOf → Weimar Republic financial system ⓘ
linked to: Rentenmark reform of 1923