The German Hyperinflation of 1922-1923 in Which the Mark Fell From 4.2 to the US Dollar in 1914 to 4.2 Trillion to the Dollar by November 1923
The German mark lost value at progressively faster rates from August 1922 to November 1923. The peak exchange rate of 4.2 trillion marks to the US dollar was reached on 20 November 1923. The middle-class savings of the German Empire were destroyed. The Rentenmark currency reform of November 1923 stabilised the situation but did not restore the lost wealth.
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