how much was a german mark worth in 1923

The strategy was to eventually pay off the debts by seizing resource-rich territories and imposing reparations on the vanquished Allies. How much was a German mark worth in 1923? This is done only by the national central banks. [4] Because the Western Front of the war had been mostly fought in France and Belgium, Germany came out of the war with most of its industrial infrastructure intact, leaving it in a better position to become the dominant economic force on the European continent[5] after an Allied ultimatum to impose economic sanctions that would force Germany to meet payments. As the first repayments were made to the Allies in the early 1920s, the value of the German mark sank drastically, and a period of hyperinflation began. By February of 1919, at least 1.1 million Germans were unemployed, a number that would continue to rise. A Berlin banker counts stacks of bundled marks. Collector values of the other old German banknotes, , ,