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Weimar Republic
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Weimar Republic Article

What was the currency introduced by Stresemann?

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Gustav Stresemann introduced a new currency, the Rentenmark, in 1923 but in limited quantities. It was backed by a mortgage on the entire industrial and agricultural resources of the country. The drastic action taken by Stresemann proved successful, but his critics on the left and right combined to defeat a vote of confidence on November 23, and Stresemann promptly resigned.

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