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Currency Reform Of 1948
The currency reform of 1948 went into effect on June 20, 1948, in the Trizone, the three western occupation zones of Germany. From June 21, 1948, the Deutsche Mark ("DM", also "D-Mark") was the sole legal tender there. The two previously valid means of payment, the Reichsmark and the Rentenmark of equivalent value (both abbreviated as "RM"), were removed from circulation and replaced by the Deutschmark. The currency reform of 1948 is one of the most significant economic policy measures in post-war German history. It enabled the Western occupation zones to receive Marshall Plan aid and was thereby one of the prerequisites of the Economic Miracle of the 1950s. Situation prior to reform From 1936 to 1945, the financing of rearmament and the creation of money and compulsory levies from occupied territories resulted in a large excess of printed currency. Shortly before World War II, food was only available with monthly food stamps at fixed prices, and many civilian goods were only ava ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GIF Of Series 4 Of Deutsche Mark Banknotes
The Graphics Interchange Format (GIF; or , ) is a Raster graphics, bitmap Image file formats, image format that was developed by a team at the online services provider CompuServe led by American computer scientist Steve Wilhite and released on June 15, 1987. The format can contain up to 8-bit color, 8 bits per pixel, allowing a single image to reference its own Palette (computing), palette of up to 256 different colors chosen from the 24-bit color, 24-bit RGB color model, RGB color space. It can also represent multiple images in a file, which can be used for animations, and allows a separate palette of up to 256 colors for each frame. These palette limitations make GIF less suitable for reproducing color photographs and other Image gradient, images with color gradients but well-suited for simpler images such as graphics or logos with solid areas of color. GIF images are compressed using the Lempel–Ziv–Welch (LZW) lossless data compression technique to reduce the file si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Market
A black market is a Secrecy, clandestine Market (economics), market or series of transactions that has some aspect of illegality, or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution are prohibited or restricted by law, non-compliance with the rule constitutes a black-market trade since the transaction itself is illegal. Such transactions include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Participants try to hide their illegal behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions, since cash transactions are less easily traced. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or evade price controls or rationing. Typically, the totality of such activity is referred to with the definite article, e.g., "''the' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Germany
This is a list of current and historical currency of Germany. The sole currency of Germany has been the Euro since 2002. List {, class="wikitable sortable" , - !class=unsortable , Currency ! Area !Date created !Date abolished , - , Euro , , 1999 , current currency , - , Deutsche Mark , (unified) , 1990 (unified)1948 (West Germany) , 2002 , - , East German mark , , 1948 , 1990 , - , Saar franc , Saarland , 1947 , 1959 , - , Saar mark , Saarland , 1947 , 1947 , - , Reichsmark , , 1924 , 1948 , - , German Rentenmark , , 1923 , 1924 , - , German Papiermark , , 1914 , 1923 , - , German gold mark , , 1873 , 1914 , - , Vereinsthaler , North German states , 1857 , 1873 , - , South German gulden , South German states , 1754 , 1873 , - , North German thaler , North German states , 1690 , 1873 , - , Hamburg mark The Hamburg Mark refers to two distinct currencies issued in the city of Hamburg until 1875: * The Hamburg Mark Banco, a bank money and an accounting unit, and * The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Germany
West Germany was the common English name for the Federal Republic of Germany (FRG) from its formation on 23 May 1949 until German reunification, its reunification with East Germany on 3 October 1990. It is sometimes known as the Bonn Republic after its capital city of Bonn, or as the Second German Republic. During the Cold War, the western portion of Germany and the associated territory of West Berlin were parts of the Western Bloc. West Germany was formed as a political entity during the Allied occupation of Germany after World War II, established from 12 States of Germany, states formed in the three Allied zones of occupation held by the United States, the United Kingdom, and France. At the onset of the Cold War, Europe was divided between the Western and Eastern Bloc, Eastern blocs. Germany was divided into the two countries. Initially, West Germany claimed an exclusive mandate for all of Germany, representing itself as the sole democratically reorganised continuation of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fertilizer
A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from liming materials or other non-nutrient soil amendments. Many sources of fertilizer exist, both natural and industrially produced. For most modern agricultural practices, fertilization focuses on three main macro nutrients: nitrogen (N), phosphorus (P), and potassium (K) with occasional addition of supplements like rock flour for micronutrients. Farmers apply these fertilizers in a variety of ways: through dry or pelletized or liquid application processes, using large agricultural equipment, or hand-tool methods. Historically, fertilization came from natural or organic sources: compost, animal manure, human manure, harvested minerals, crop rotations, and byproducts of human-nature industries (e.g. fish processing waste, or bloodmeal from animal slaughter). However, starting in the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or mo ...s between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from the accounts in accordance with their terms and conditions. The financial transac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, public infrastructure, public transit, public education, along with public health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Rentenbank
The Deutsche Rentenbank was a bank established in Germany by a regulation of 15 October 1923 as a state-owned monetary authority authorised to issue Rentenmark currency notes following the collapse of the private Reichsbank's Papiermark currency. The Rentenbank reserves consisted of mortgages against leading industrial properties and the German public accepted these reserves as being sound. This meant that the monetary crisis caused by the public's lack of confidence in the currency of the Reichsbank waned and the hyperinflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimiz ... ceased. The Rentenmarks continued to be accepted as currency in Germany until 1947. References External links * Act creating the Deutschen RentenbanReichsgesetzblatt Teil I, 17 October 1923* Banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allied Control Council
The Allied Control Council (ACC) or Allied Control Authority (), also referred to as the Four Powers (), was the governing body of the Allies of World War II, Allied Allied-occupied Germany, occupation zones in Germany (1945–1949/1991) and Allied-occupied Austria, Austria (1945–1955) after the end of World War II in Europe. After the defeat of the Nazis, Germany (less its Former eastern territories of Germany, former eastern territories) and Austria were occupied as two different areas, both by the same four Allies. Both were later divided into four zones by the 1 August 1945 Potsdam Agreement. Its members (Four-Power Authorities) were the Soviet Union, the United Kingdom, the United States, and France. The organisation was based in Schöneberg, Berlin. The council was convened to determine several plans for postwar Europe, including how to change borders and transfer populations in Central Europe. As the four powers had joined themselves into a Condominium (international la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigarette
A cigarette is a narrow cylinder containing a combustible material, typically tobacco, that is rolled into Rolling paper, thin paper for smoking. The cigarette is ignited at one end, causing it to smolder; the resulting smoke is orally inhaled via the opposite end. Cigarette smoking is the most common method of tobacco consumption. The term ''cigarette'', as commonly used, refers to a tobacco cigarette, but the word is sometimes used to refer to other substances, such as a joint (cannabis), cannabis cigarette or a herbal cigarette. A cigarette is distinguished from a cigar by its usually smaller size, use of processed leaf, different smoking method, and paper wrapping, which is typically white. There are significant negative health effects from smoking cigarettes such as cancer, chronic obstructive pulmonary disease (COPD), cardiovascular disease, heart disease, birth defects, and other Health effects of tobacco, health problems relating to nearly every organ of the body. Most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barter
In trade, barter (derived from ''bareter'') is a system of exchange (economics), exchange in which participants in a financial transaction, transaction directly exchange good (economics), goods or service (economics), services for other goods or services without using a medium of exchange, such as money. Economists usually distinguish barter from gift economy, gift economies in many ways; barter, for example, features immediate reciprocity (cultural anthropology), reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral trade, bilateral basis, but may be multilateral exchange, multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a Deflation#Deflationary spiral, de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
