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I believe Germany did in the late 1930s but for other reasons the Reichmark didn't quite end up as the world currency they wee hoping for. You can decide to pe

I believe Germany did in the late 1930s but for other reasons the Reichmark didn't quite end up as the world currency they wee hoping for. You can decide to peg your currency against a more stable one eg west Africa and the French Franc - but unless the owners of the hard currency have some political reason to support your then you have to persuade the world's traders that you flobble-bead is actually worth a Euro.

eru 16y ago
Germany did introduce the Rentenmark to replace the Paper-Reichsmark in the mid-twenties to stop hyperinflation. (Later on they--essentially--reverted the name of the currency back to Reichsmark.) There was no hyperinflation in the 30s. The early thirties saw depression and deflation. This Weltwirtschaftskrise lasted longer in the US than in Germany and is known as the Great Depression, there. The crisis contributed to the rise of Nazism in Germany, though.
- lkjuhygthyujk 16y ago
  I think there was a tiny little bit of hyperinflation in Germany in the 20-30s. IIRC the exchange rate was 1,000,000,000,000 Mark = 1 Reichsmark
  - eru 16y ago
    Yes, there was hyperinflation in the early 20s, but _not_ in the 30s. (See http://en.wikipedia.org/wiki/1920s_German_inflation http://en.wikipedia.org/wiki/1920s_German_inflation for some information in English. If you speak German, or can live with Google translate, then there's lots more material available.) Why do you keep mentioning the 30s?
    - lkjuhygthyujk 16y ago
      I'm a CS not a historian I thought the Weimar republic was 1930s In 2000 years of history that's only an error of 1%
      - eru 16y ago
        I take it you mean 10%? Anyway, there wasn't much Weimar Republic to go around in the 30s. It ended in '33 with the Nazis coming to power. (The term Weimar Republic is just a name historians have made up for that period. Officially Germany was called Deutsches Reich from 1871 until 1945.) Sorry, I am just a bit annoyed, because I have heard people make this very mistake more than once. I guess I am equally ignorant about, say, Chinese or Vietnamese history.
        lkjuhygthyujk 16y ago
        +-5 years in 2000years of German history ;-) Sorry, I had thought the hyperinflation + general chaos led directly to the rather unpleasant party seizing power in 1933 and so assumed the bad times were immediately before then (ie 1930-1933). Hadn't realised they were actually a decade earlier.

eru 16y ago

Germany did introduce the Rentenmark to replace the Paper-Reichsmark in the mid-twenties to stop hyperinflation. (Later on they--essentially--reverted the name of the currency back to Reichsmark.) There was no hyperinflation in the 30s. The early thirties saw depression and deflation. This Weltwirtschaftskrise lasted longer in the US than in Germany and is known as the Great Depression, there. The crisis contributed to the rise of Nazism in Germany, though.

lkjuhygthyujk 16y ago
I think there was a tiny little bit of hyperinflation in Germany in the 20-30s. IIRC the exchange rate was 1,000,000,000,000 Mark = 1 Reichsmark
- eru 16y ago
  Yes, there was hyperinflation in the early 20s, but _not_ in the 30s. (See http://en.wikipedia.org/wiki/1920s_German_inflation http://en.wikipedia.org/wiki/1920s_German_inflation for some information in English. If you speak German, or can live with Google translate, then there's lots more material available.) Why do you keep mentioning the 30s?
  - lkjuhygthyujk 16y ago
    I'm a CS not a historian I thought the Weimar republic was 1930s In 2000 years of history that's only an error of 1%
    - eru 16y ago
      I take it you mean 10%? Anyway, there wasn't much Weimar Republic to go around in the 30s. It ended in '33 with the Nazis coming to power. (The term Weimar Republic is just a name historians have made up for that period. Officially Germany was called Deutsches Reich from 1871 until 1945.) Sorry, I am just a bit annoyed, because I have heard people make this very mistake more than once. I guess I am equally ignorant about, say, Chinese or Vietnamese history.
      - lkjuhygthyujk 16y ago
        +-5 years in 2000years of German history ;-) Sorry, I had thought the hyperinflation + general chaos led directly to the rather unpleasant party seizing power in 1933 and so assumed the bad times were immediately before then (ie 1930-1933). Hadn't realised they were actually a decade earlier.