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1.3 The recovery of the Republic, 1924-29
Economic recovery
Retenmark - 1923
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The
Retenmark
was the
currency
introduced in
Germany
in
November 1923
to combat
hyperinflation.
The
Rentenmark
had
real value
because the
supply
of its
notes
was
limited
and it was tied to the
price
of
gold
The new currency
restored trust
at
home
an
abroad
, and put an end to
hyperinflation