( C2 )The Rentenmark

Question 1

when was the rentenmark introduced and why

Answer 1

the Rentenmark was introduced in November 1923 as a temporary solution to help stabilise the value of the Currency

Question 2

how was the production of the rentenmark

Answer 2

the production of the rentenmark was highly regulated

Question 3

what did stresemann base the value of the rentenmark on

Answer 3

he based the value of the rentenmark on the industrial and agricultural worth of Germany

Question 4

what did Stresemann also promise if the new currency failed and what did this provide

Answer 4

stresemann also promise to exchange notes for share in German land or industry giving the German people confidence in the new currency

Question 5

what was the name of the new bank formed and when

Answer 5

the name of the new bank was the Reichsbank and it was formed in 1924

Question 6

what was issued to replace the rentenmark and when

Answer 6

the Reichsmark was issued to replace the rentenmark in 1924

Question 7

what was the role of the new Reichsmark currency

Answer 7

the new reichsmark currency was supposed to be a permanent one which the German people could have faith in.

Question 8

what did these new measures with the currency do

Answer 8

it restored faith in germanys financial system and were vital in allowing Germany’s economy to grow stronger