The Rentenmark & Gustav Stresemann
- AQA, Edexcel, OCR
Last updated 19 Jan 2019
The Rentenmark was a new currency issued by the Rentenbank (created by Stresemann).
The aim of the Rentenmark was to replace the old Reichsmark which had become worthless due to hyperinflation. The Rentenmark, introduced in November 1923, was supported by businesses and the German people because the new currency was tied to the value of gold which meant that it would hold its value.
In 1924 the national bank (Reichsbank) was allowed to control the new currency and supervised its use in the German economy.
When the Reichsbank renamed the Rentenmark to the Reichsmark, the issuing of a new currency marked the end of hyperinflation.