Why did German money became worthless?
Between World War I and World War II, Germany suffered "hyperinflation," whereby its currency essentially became worthless. The causes of this are numerous and complex, but most economics to ascribe the currency crisis to the financial strain of war reparations under the Versailles Treaty, which prevented the country from reinvesting in its industry and agriculture so that it could recover from the devastation of World War I.
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The meaning of worthless . the meaning of worthless is without worth of no use ,importance or value adverb.
After World War 1, the Treaty of Versailles held Germanyresponsible for a debt of 132 billion gold marks. This isapproximately equal to $33 billion in U.S. currency.
depends on how you say it. . .. . . . I'd say words like Tortless, Portless, Mirthless. It means gaiety or jollity, esp. when accompanied by laughter. It is another word for glee. tasteless Mirthless
You need to say when and for what if you are looking for a sensible answer.
The Deutsche Mark or German mark was the official currency of West Germany and from 1990 onwards, all of unified Germany. Germany now uses Euros.
The currency in Germany is the Euro (â¬). It has been the Euro since 2002.
yes and no. no cuz i can get cheatz off of it. yes because i need to know about a fractured foot!!!!
Many gemstones, like diamonds are really worthless. Diamonds are one of the lamest gemstones in the world. At around 2000F, diamond turns into nothing but CO 2 . Emeralds are also pretty much worthless. Beryllium Aluminum Silicate, that is. Beryllium is not extremely rare at all. In fact, beryllium… is more than 10 times more abundant in the crust than bismuth, used in pepto-bismal!!. Rubies and sapphires are also very much worthless. They are really a crystal form of Aluminum Oxide/Silicate. Al 2 O 3 is very abundant. Zircon is another lame gemstone, although not as much. It is really Zirconium Silicate. Now, about precious metals. Other than the traditional gold, platinum, and silver. There are also metals like ruthenium, rhodium, and palladium, that are also good for jewlery. Unbeknownst to the public, bronze is very cheap. That is what makes bronze the first useful metal. (MORE)
Antonyms for the adjective worthless could include - valuable , worthwhile , or worthy .
The value of the Euro fluctuates day by day, there are many exchange rate converters available on the web, which will show the actual value of the currency.
After the Great Inflation ended in November 1923 the new German currency was briefly called the Rentenmark, then from 1925-1948 the Reichsmark.
DM stands for Deutsche Mark which was the currency in from 1948-2002. In 2002 it was replaced by the Euro.
"Warum wollen Sie mein Geld?" (formal) or "Warum willst du mein Geld?" (informal singular) or "Warum wollt ihr mein Geld?" (informal plural)
At that time Germany consisted of over 300 separate states, and at least 50 states issued their own coinage. On the larger coins all currencies had to state their value in relation to the Cologne Mark . This was a carefully preserved lump of silver weighing 533.2 grammes. (The German states had the… option of using the Leipzig Mark as an alternative standard, but this was rare by 1700).. In practice there were three main currencies:. The Taler (spelled Thaler in those days). It was used in most of North Germany, including Brandenburg-Prussia and Saxony. Until 1821 it consisted of 24 Groschen of 12 Pfennings each. (So 288 Pfennigs were 1 Taler). From 1764 on all Prussian Talers were inscribed 'XIV eine Mark fein' - that is, 14 to the [Cologne Mark]. . The Gulden (which was significantly less that 1 Taler). It was used in Austria and the South German states. It consisted of 60 Kreuzer of 4 Heller each. (So 240 Heller were 1 Gulden). . The Schilling (of 12 Pfennigs), which was used in Hamburg, LÃ¼beck, the two Mecklenburg states, Schleswig, Holstein, Oldenburg and a few others. . Some states had more than one coinage at any given time, as some provinces had their own coinage.. The value of the various currencies against the Cologne Mark varied as some states devalued their currencies and so on .... Note that the whole subject, along with pre-metric weights and measures in the German states, is complicated. (MORE)
The Euro is used in Germany. The paper bills are colored with pictures of famous Europeans. The coins have the Euro symbol on one side and a famous national landmark on the other side.
Answer : DM = German DeutscheMark Extra Info : The DeutscheMark was the primary currency of Germany up until December 31st, 1998, upon which it was replaced by the Euro. Right now, it is obsolete (unusable, though still tradeable). Exchange Rate : 1 DeutscheMark to 76 US cents. 1 Deutsc…heMark to 51 Euro cents. Please Note : The DeutscheMark is divided into 100 Pfennig. Hope this helps! (MORE)
In 2002 Germany ceased to have its own currency and since then it has used the Euro.
The German labor force is broken up into these three major categories: services (63.8%), industry (33.4%), agriculture (2.8%) (as of 2006) The three main categories for services are as follows: financial, renting, and business activities (30.5%); trade, hotels and restaurants, and transport (18%)…; and other service activities (21.7%). The main industries are iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textiles (MORE)
The money in World War 2 was called: Marks The money the German use today is called: Euros
This happened after WWI (think Great Depression), when inflation caused German currency to be practically worthless. It was worth so little that they burned it when they needed to start a fire. There are stories of people filling wheelbarrows with paper money to try to buy bread.
The Deutsche Mark , was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (â¬).
The currency used in Germany is the Euro. As of March 20th, 09 the exchange rate is 1.356 US dollars to a euro. The current rate can be found by searching "euros to usd" in google.
ich bekomme 20 pfund pro woche von meiner mutter meiner meinung nach da ist genug ich habe schmuck gekauft meine leibling geschÃ¤ft ist topshopp weil es das schmuck ist ist sehr hÃ¼bsch . Ich habe blau kleid bekommen fur meine freunde geburtstag ich bin sehr begeistert ich habe meine freunde ge…burtstag geschenke ich habe ein buch gekauft in der zukunft ich werde Â£80 sparen fur ein handy weil meine handy ist brochen (MORE)
Hitler became the dictator of Germany before world war I b occurring dictatorship in order to occur the land of German and be the leader or the monarch
Why do people readily accept intrinsically worthless pieces of paper money in exchange for valuable goods and services?
The purpose of paper money is really to provide for a medium of exchange. In simple terms (although it is actually quite complicated), the story works like this: There are two types of people in the world, those that are young and those that are old. The young people can produce things but the old… people are too old to work. The young people could barter for their necessities because they are producing but the old people can not. These old people need to be able to gain access to the necessary items to survive. Because they are no longer producing goods they need to provide something of value to the young person in order to obtain it. In order to do this, when the old person was young they exchanged some of the efforts they contributed towards production for a piece of paper that entitled them to use it in the future in order to obtain the goods necessary for survival. Another need for money is that, suppose there are three people. Jim, Joe and Bob. Jim owns an apple farm, Joe owns a banana farm and Bob owns a Pear farm. Suppose then that Jim likes to eat bananas but Joe hates apples but loves pears. Bob, however likes apples. In the absence of money, in order to get a banana, Jim would have to trade some apples with Bob to get pears. He would then be able to trade pears with Bob for some bananas. For Jim to know that he must trade for pears first in order to get bananas is complicated. It becomes even more complicated when there are millions of other goods available than just three of them. It would be much simpler if Bob can sell his apples to lots of different people and receive a peice of paper that he can use to buy his bananas and his pears (if he also likes pears) ot whatever else he might want. Another need for money is the ability to easily determine somethings value. For example, if we bartered would we know how many bananas would be required to exchange for a can of coke or how many apples are needed in exchange for a gallon of gasoline? Probably not, because there would be far too many items with no base value. Paper money has value only because we believe it has value. We believe it has value because in the scenario listed above something of value was exchanged for it. In reality (and gold-standard advocates will probably disagree with me), gold has no more value than paper. We simply believe it does for for the same reason we treat paper money as having value. That is, Gold can be used as a medium of exchange. The value of any medium of exchange is going to be based on its relative scarcity as long as it is universally recognized as a medium of exchange. (MORE)
Germany is one of the nation in the European Economic Community, and the EEC's standard currency is the Euro.
Before 1871 Germany consisted of about 35-40 practically sovereign states, most of which issued their own currency. There was no single national currency till 1874.. Most of North German states including Prussia, Saxony and Hanover used the Thaler, while most of the South German states and Austria …used the Gulden.. The Thaler at that time was divided into 30 Groschen of 12 (or in some states 10) Pfennig(e) each. The Gulden consisted of 60 Kreuzer of 4 Heller each. Some of the German states had other currencies, such as the Schilling.. Until 1821 the Thaler was divided into 24 Groschen of 12 Pfennig(e) each.. The Mark was not a coin but a lump of silver carefully preserved at Cologne and the larger silver coins of all German currencies had to state their value in relation to the Cologne mark, so until 1856 the Prussian Thaler coins were inscribed '14 eine Mark fein' (that is, 14 to the Mark). In 1857 the Mark was redefined and thereafter they were inscribed '30 to the Mark', but the value in silver remained practically unaltered. (MORE)
Since New York was not as poor or higher class the Pennsylvaniathier money wasnt worth as much. Think of it as pesos are toAmerica you need a lot of pesos to equal a dollar in America. Andalso since Their wasnt any real government nobody could controlthat
you need to go see a doctor, there are lots of things that can help like group therapy or medication . I disagree with this previous answer, especially if you are a teenager or college student. All of us have passed through a stage of disillusion, dissatisfaction, a feeling of being not understood,… and finally the impression of being nonexistent or worthless. You are surely not the first one and most of us passed through that challenge. Because it's really a challenge and it's up to you to reverse such feeling asap and start to become a real man with a real objective in your mind. For example take right now the decision to help others who are in the same feeling situation as yours and commit yourselves to be the heroes who will save others from sinking in black moody blues. Get on your feet, get friends, enjoy life together and don't stay alone. That's what friends are for. (MORE)
From year 1900 until they adopted the Euro in 1999, Deutsche Mark (German mark) was the German currency.
continentals became worthless because people came to believe that they would not be redeem their bills for gold and silver coins
It was more the economy of Germany that became worthless. After loosing the war, Germany was forced to pay reparations, under the Treaty of Versailles. The total money owed was 269,000,000,000 in gold marks (German currency). That much in gold coins equaled about 233,405,018 lbs of pure gold. In …trying to cover it's debts, Germany began printing money, which lead to severe hyperinflation of national prices. This hyperinflation caused instability in the economy and the German mark to be useless. Germany had also been accepting loan offers from various countries to help pay the reparations. In 1929, when the Stock Market Collapsed, many of these loans were called in, and Germany had to pay out substantial amounts of money. (MORE)
Deutsche Marks are no longer legal tender. They may not be worthless, though. Collectors will be interested in them because they are no longer being produced.
I think so because anybody can post whatever they want and what if they say george Lopez is Persian! haha
The Germanic people used money to trade with other tribes. It was in the form of gold or jewelry. Actual coins did not come about until they began to deal with Roman society.
Roman coins were made of silver, but when there was a need for more money and not enough silver, Rome reduced the amount of silver in its coins thus allowing them to make more coins. Coins made of silver and gold must also contain an alloy that makes them more durable. Rome eventually reduced the am…ount of silver in its coins from 96% to 4%. Merchants demanded more of the lower silver coins causing inflation and the military refused to be paid in Roman coins. Eventually, the Roman government also refused to accept its own money for the payment of taxes. Bartering became more popular among the people. (MORE)
I am making money can be translated as: Ich verdiene Geld Ich mache Geld Ich bringe Geld ein
no. all life is valuable. all lives have a purpose. we just have to find the reasons that our lives aren't worthless.
Up until the tenth century, the Germans were a loose knit group of tribes. Over time they began to form nations. Eventually the people who lived in these nations began to call themselves Germans. The real unification of the Germans took place when Luther published the German Bible in 1534 but this w…as a unity through language rather than culture. The country of Germany was established in its present form when Otto von Bismarck led the move to unification in 1871. Short answer: They were tribes of people who shared the same culture. (MORE)
In Germany , the name Groschen (both singular andplural) replaced "Schilling" as the common name for a 12 Pfennig coin. In the 18th Century it was usedpredominantly in the northern states as a coin worth 1/24 of a Reichsthaler (equal to 1/32 of a Conventionsthaler ). In the 19thcentury, beginni…ng in 1821 in Prussia , a new currency system was introduced in which theGroschen (often called the Silbergroschen (Prussia, since 1821) orNeugroschen (Saxony, since 1840) to distinguish it from olderGroschen) was worth 1/30 of a Thaler (Taler). Following German unification anddecimalization, the Groschen was replaced by the 10 Pfennig coinand Groschen remained a nickname for the 10 Pfennig coin until theintroduction of the Euro . For the same reason, the name "Sechser"(sixer) remained in use regionally for the half-Groschen coin, 5Pfennigs. (MORE)
Roman money finally became worthless because when Rome stopped conquering new lands, no new sources of wealth were available. Food was scarce. Making food prices go up. To pay for the food, the government decided to produce more money in the form of coins. The value of depended on the amount of silv…er in them. But since the government didn't have much silver, in put less and less value in the coins. (This is called inflation.) If inflation isn't controlled, money has less and less value. Roman coins soon became worthless. (MORE)
It was ADOLF HITLER because he killed many Jews and treated them really badly ,he started world war two .
Well it depends on where you get it from the can range from $1600-800 maybe lower
German armed forces helped to colonize Namibia in 1884 in order to counter balance the sphere of influence the British Empire had world wide and in Africa. It was formally called South West Africa.
In the South. By the beginning of 1864, a Confederate dollar was down to 5 cents. By the end of that year, it was down to almost nothing.
I don't know exactly what you are asking. "Geld" means "money" inthe German language. The unit of currency now in use in Germany isthe Euro; before the Euro, it was the Deutsche Mark.
No, the word 'worthless' is an adjective , a word thatdescribes a noun as without worth. The noun form of the adjective 'worthless' is worthlessness . The word 'worthless' is the adjective form of the noun worth .
They now use the Euro: As a member of the European Union, theysigned up to change from the German Mark and adopt the new Euro.
Yes, it is. It is a derivative of the noun worth, and means 'worthnothing' (of extremely little value).
It's complicated, so let's simplify this a bit. During World War I, Germany chose to pay for their efforts bytaking out massive loans, rather than raise taxes like othercountries. They expected to win the war- and when they won the war,they planned to conquer valuable industrial lands and colonies …fromthe losing countries, and to demand reparations from them as well. In reality, Germany lost the war. So not only did they wind uphaving to pay massive reparations (payment of which the victorswould only accept in the form of gold or other valuable goods,rather than money), but they still had these huge loans to repay.Additionally, one of Germany's largest industrial regions, theRuhr, was occupied for a few years by France, and then was occupiedagain (by France) when Germany's economy started to go bad in theearly 1920s. The new government's policies contributed to making the problemworse- they kept printing more money while buying foreign money topay off debts. This just made their own money worth less and less,until by 1923 it was worth so little that it was cheaper to burnmoney than wood. (MORE)