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Reichsmark

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Reichsmark 

the monetary unit of Germany, introduced in 1924.

The Reichsmark was divided into 100 Reichspfennigs. The gold content was established at 0.358423 g of pure gold. During World War II it also circulated in the states occupied by fascist Germany and was sharply depreciated as a result of issuing excessive amounts for the financing of military expenditures. In 1948, on account of a separate monetary reform in West Germany and a consequent monetary reform in East Germany, the Reichsmark was abolished.
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Whereas the Nazi version of the Beetle's origins is that Hitler came up with the idea of a "People's Car," a car that would both cost less than 1,000 Reichsmark and simultaneously carry up to five people across the country at speeds of up to 100 kilometers per hour.
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Under Article 231 of the Versailles Treaty, Germany had to pay the allies 226bn Reichsmarks in gold - around $750bn in today's money - enraging the German people and eventually helping the advent of Adolf Hitler.
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Under the infamous Article 231 of the Versailles Treaty, Germany was required to pay the allies 226 billion Reichsmarks in gold - around $750 billion in today's money - enraging the German people and eventually helping the accession to power of Adolf Hitler.
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