In order to stabilize the economy, the German government established the Rentenbank. The excess Drachmai caused hyperinflation, and the price for goods and services rose dramatically. Initially, the camps were constructed for Czech forced laborers, but in June 1941, the first French and Russian prisoners of war (POWs) arrived in the mens camp. A special currency was issued to incentivize work output, although the money had no real monetary value. Following their defeat, the Treaty of Versailles obligated Germany to pay reparations to several countries, which increased the nations financial struggles. Westerbork was established by the Dutch government in October 1939, for Jewish refugees who had crossed the border illegally following the Kristallnacht pogrom of November 1938. info); RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used "paper" Mark had become almost worthless. In order to stabilize the economy, the German government established the Rentenbank. The German government attempted to solve this problem by printing more money, which led to severe inflation. An agency that provided DPs with food, clothing, medicine, and helped to repatriate people to their home countries. The Holleischen subcamp was established in Czechoslovakia, near the German-Czech border, in 1941. On April 6, 1941, Germany invaded Greece to support Italy and forced the Grecians to surrender by the end of the month. The process of stabilization was painful but was pushed through with determination by Hjalmar Schacht, who was made Read More American troops arrived two days later. Although the camps were called Campi Di Concetramento (Concentration Camps) the conditions and treatment of their internees were equivalent to prisoner of war (POW) camps for military and civilians. The scrip was printed by the National Bank in Prague in 7 denominations: 1, 2, 5, 10, 20, 50, and 100. [1] It was subdivided into 100 Rentenpfennig and was replaced in 1924 by the Reichsmark. Many of the Greek notes featured figures and images from Greek Mythology and history. 2. Polish partisans liberated the Holleischen subcamp on May 3, 1945. It was introduced in 1923 as part of a successful effort to end the hyperinflation suffered by the papiermark. The Holleischen subcamp was established in Czechoslovakia, near the German-Czech border, in 1941. Timeline: Germany in the 1920s June 1920: first Reichstag Elections Hoped for positive changes for Germany Lots of old institutions/ authorities who were very pro-monarchy and caused trouble Specifically judges with older views had a lot of impact Although, they are fine with Elbert being the heir to Chancellor Max Jan 1921: Reparations Bill Allies decided that Germany needs to pay 6,6 billion . In the womens camp, by 1944, the majority of the prisoners were French, followed by Polish people and Russians. The goal of the joint currency issues was to protect local economies from inflation or weakening of their currency, and to present a united front to countries they were occupying and those they were still fighting. Currency was confiscated from inmates and replaced with scrip, which could only be used in the camp. Scrip, valued at 2 Lire, distributed in Cremona concentration camp in Cremona, Italy. Reichsbank note, valued at 50 million marks, distributed in Germany from September to November 1923. Expert numismatists disagree on the authenticity of the Star of David stamp version, with one side believing the Star of David stamped scrip was issued to Jewish prisoners in the camp, while the other believes the notes are not genuine.