| Part of the Recovery Program for Germany
was the Currency Reform, the birthday of our German mark.
On June 20, 1948, every man, woman and
child in Germany is issued 40 Deutsche Marks, the country's new currency.
The currency reform completes the transition from the worthless Reichsmark
to the Deutsche Mark. This date also marks the transition to the social
market economy and the beginning of economic growth in post-war Germany.
The currency reform led to the creation
of two states on the territory of Germany, the Federal Republic of Germany
and the German Democratic Republic.
(These events will be dealt with in
detail on a special page.) |
