Schacht fixes the Rentenmark conversion rate
Citations (1)
- Lords of Finance whole source · open book
Finally, on November 20, when the Reichsmark stood, if that is the word, at 4.2 trillion to the dollar, he fixed the conversion rate at 1 trillion Reichsmarks to a Rentenmark.
chapter: 10. A BRIDGE BETWEEN CHAOS AND HOPE - Germany: 1923