"1,000,000,000,000 Mark were changed to one Rentenmark, which was renamed the
Reichsmark in 1924."
Thieves took two watches and money from the time including a Nazi
ReichsmarkBut Mr Vaughan believes the intruder stole his jackknife issued in 1942 and
Reichsmark coins, the currency in Germany at the time of the Second World War.
But Mr Vaughan believes the intruder stole his jack-knife issued in 1942 and
Reichsmark coins, which was the currency in Germany at the time of the Second World War.
White-collar retirees would receive a minimum pension of 360
Reichsmark (RM) per year, while blue collar pensioners would receive at least 180 RM annually.
So they agreed to support the Nazi Party with over 2 million
Reichsmark, an enormous sum that was almost enough to pay for the upcoming election campaign.
Nevertheless, American troops secured machinery, remaining documentation on weapons, patents, worth 6 million
Reichsmark, as well as developers and engineers before Russian troops arrived.
As a result, the Nazis funded the colour movie Kolberg with 8.8m
Reichsmark. It was their most expensive propaganda movie and luckily was meant to be the last.
Under the 1924 so-called Dawes Plan the
Reichsmark in effect joined the dollar standard.
Their proposal was accepted with the passage of the Monetary Law of August 30, 1924, which made the
reichsmark the new legal tender (Bresciani-Turroni, p.
With the adoption of the
Reichsmark in 1924 the Rentenbank's formal task was fulfilled.