In short: Schacht introduced the so called 'Rentenmark', backed by land and industrial assets. In 1924, it was replaced by the Reichsmark again, which Schacht further stabilized through monetary reforms, including pegging it to the gold standard and implementing strict fiscal policies.
Ghost of Truth
npub1sc…pzprv
2025-03-02 15:17:08
in reply to nevent1q…hc58
Author Public Key
npub1scljc42jwm576uufxwcwlmntqggy9utwz55a6a2hqjy9hpl7uxps4pzprvPublished at
2025-03-02 15:17:08Event JSON
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