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| Topic: |
History
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| Number of pages / Number of words: |
10 / 2732 |
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To make matters even worse, the worth of the German mark plummeted when this downturn occurred. According to Richard Evans, “Before the war, the dollar had been worth just over 4 paper marks on the exchange in Berlin. By December 1918, it took nearly twice as many marks to buy a US dollar. The rate continued to decline to just over 12 marks to the dollar in April 1919 and 47 by the end of the year...
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According to Richard Evans, “Before the war, the dollar had been worth just over 4 paper marks on the exchange in Berlin. By December 1918, it took nearly twice as many marks to buy a US dollar. The rate continued to decline to just over 12 marks to the dollar in April 1919 and 47 by the end of the year...
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