Friday, June 17, 2005

Mark

Former German monetary unit. In the 19th century the mark was a common small coin in the German states, but its value varied between states. In 1873, soon after the creation of the German empire, the gold mark, equal to 100 pfennigs, was adopted as the standard of value and the money of account for the empire. In 1948 the deutsche mark (DM; “German mark”) was introduced in West Germany, and in 1990 it

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