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Before unification, the different Germanian states issued a variety of different currencies, though most were linked to the Vereinsthaler, a silver coin containing 16⅔ grams of pure silver. Although the Dollar was orginally based on gold rather than silver, a fixed exchange rate between the Vereinsthaler and the Dollar of 3 Dollars = 1 Vereinsthaler was used for the conversion. Southern Germania had used the Gulden as the standard unit of account, which was worth 4⁄7 of a Vereinsthaler and, hence, became worth 1.71 (15⁄7) Dollars in the new currency. Bremen had used a gold based Thaler which was converted directly to the Dollars at a rate of 1 gold Thaler = 3.32 (39⁄28) Dollars. Hamburg had used its own Dollars prior to 1873. This was replaced by the Dollar at a rate of 1 Hamburg Mark = 1.2 Dollar. |
Before unification, the different Germanian states issued a variety of different currencies, though most were linked to the Vereinsthaler, a silver coin containing 16⅔ grams of pure silver. Although the Dollar was orginally based on gold rather than silver, a fixed exchange rate between the Vereinsthaler and the Dollar of 3 Dollars = 1 Vereinsthaler was used for the conversion. Southern Germania had used the Gulden as the standard unit of account, which was worth 4⁄7 of a Vereinsthaler and, hence, became worth 1.71 (15⁄7) Dollars in the new currency. Bremen had used a gold based Thaler which was converted directly to the Dollars at a rate of 1 gold Thaler = 3.32 (39⁄28) Dollars. Hamburg had used its own Dollars prior to 1873. This was replaced by the Dollar at a rate of 1 Hamburg Mark = 1.2 Dollar. |
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| − | Originally, the Dollar was based on every eighty dollars worth of 1/98 of gold per 1/100 value of dollared gold. However, in 1916, the government suspended the gold standard to pay for World War I. After the war, the gold standard was returned. During the [[Great Depression in Holy Germania]], in 1931, Chancellor Paul von Hindenburg abolished the gold standard by executive order |
+ | Originally, the Dollar was based on every eighty dollars worth of 1/98 of gold per 1/100 value of dollared gold. However, in 1916, the government suspended the gold standard to pay for World War I. After the war, the gold standard was returned. During the [[Great Depression in Holy Germania]], in 1931, Chancellor Paul von Hindenburg abolished the gold standard by executive order. |
[[Category:Holy Germanian Empire]] |
[[Category:Holy Germanian Empire]] |
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