Ostmark


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Ostmark

 

A border province along the central Danube River, established by Charlemagne in the early ninth century after the defeat of the Avars. In the early tenth century, the Hungarians conquered it, and in the second half of the tenth century, after the defeat of the Hungarians (955), the new so-called Bavarian Ostmark was established. In 976 the Babenbergs became the margraves of the Bavarian Ostmark, and this territory became the historical nucleus of Austria.

(2) The so-called Saxon Ostmark was established in the second half of the tenth century on a part of the lands of the Lusatian Sorbs that had been conquered by German feudal lords. Later it became part of the territory of the German principality of Saxony.

References in periodicals archive ?
5) The ostmark was issued by Germany in 1918 for use in eastern areas under German control at that time.
Ostmark, Emma -- SP Technical Research Institute of Sweden, Stockholm.
A P ostmark rating of 154 suggests that he would have been third in a much stronger renewal of this race last season - and that is without factoring in any improvement that is almost certainly forthcoming.
Right: Hisult side table, pounds 16; Frok lamp base, pounds 20; Ostmark lamp shade, pounds 2.
On 6 February 1990, Chancellor Kohl decreed that West Germany would exchange the DM for the ostmark at a ratio of one to one, which compared with a free market exchange rate of 7 to 1 (Marsh 1992, 178).
At the time of monetary union, earnings in East Germany were about a third of those in West Germany, given the one-for-one exchange rate, having already risen by severalfold in ostmark terms up to June 1990.
Chancellor Kohl's politically motivated decision to swap every Ostmark for one hard D-mark at almost five times black market rates and boost eastern wages has proved economically ill-fated - crippling the competitiveness of chronically subsidised industries and forcing millions out of work.
In the author's quest for the truth, he uses documentary materials from twenty-nine German and Austrian archives and focuses on what happened to the Gypsies in Germany, the Ostmark (annexed Austria), the Protectorate of Bohemia and Moravia (the Czech Republic) and Alsace-Lorraine.
Faced with this continuing fiscal stimulus, together with rising wages in the Eastern Lander, the generous rate at which Ostmark savings balances were converted into D-mark deposits and uncertainty as to whether past monetary relationships would hold good in the enlarged Germany, the Bundesbank progressively tightened monetary policy.
Others, including most prominently the Bundesbank and the market, where the rate was between 7 and 10 ostmarks per DM, had the actual exchange grossly overvaluing the ostmark.
Moves towards a reunion with West Germany are well under way and, as a helpful beginning, the enfeebled Ostmark is to be given parity with the enduringly vigorous Dmark.