The Rentenmark 1923

Question 1

Strengths

Answer 1

-Created a new bank called Rentenbank and a new currency called the Rentenmark and burned all the old worthless marks.
-Value was tied to the price of gold and they were backed up by industrial plants.
-People trusted it as it had real value
-Inflation stopped being a problem
-1923 a new bank, the Reichsbank took control of the currency
-Germany’s international reputation improved

Question 2

Weaknesses

Answer 2

-Didn’t make up for all the money that people had lost