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reichsmark

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
reichs·mark  (rksmärk, rs-)
n. pl. reichsmark or reichs·marks
A monetary unit of Germany from 1925 to 1948.
[German : Reichs, genitive of Reich, realm (from Middle High German rch, from Old High German rchi; see reg- in Indo-European roots) + Mark, unit of currency (from Middle High German marke; see mark2).]
Reichsmark [ˈraɪksˌmɑːk (German) ˈraiçsmark]
n pl -marks, -mark
(Economics, Accounting & Finance / Currencies) the standard monetary unit of Germany between 1924 and 1948, divided into 100 Reichspfennigs
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Whereas the Nazi version of the Beetle's origins is that Hitler came up with the idea of a "People's Car," a car that would both cost less than 1,000 Reichsmark and simultaneously carry up to five people across the country at speeds of up to 100 kilometers per hour.
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Under Article 231 of the Versailles Treaty, Germany had to pay the allies 226bn Reichsmarks in gold - around $750bn in today's money - enraging the German people and eventually helping the advent of Adolf Hitler.
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Under the infamous Article 231 of the Versailles Treaty, Germany was required to pay the allies 226 billion Reichsmarks in gold - around $750 billion in today's money - enraging the German people and eventually helping the accession to power of Adolf Hitler.
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