Mark (currency) in the context of "Louis VIII of France"

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⭐ Core Definition: Mark (currency)

The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable variations, however, occurred throughout the Middle Ages.

As of 2022 the only circulating currency named "mark" is the Bosnia and Herzegovina convertible mark.

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👉 Mark (currency) in the context of Louis VIII of France

Louis VIII (5 September 1187 – 8 November 1226), nicknamed The Lion (French: Le Lion), was King of France from 1223 to 1226. As a prince, he invaded England on 21 May 1216 and was excommunicated by a papal legate on 29 May 1216. On 2 June 1216, Louis was proclaimed "King of England" by rebellious barons in London, though never crowned. With the assistance of allies in England and Scotland he gained control of approximately one third of the English kingdom and part of Southern Wales. He was eventually defeated by English loyalists and those barons who swapped sides following the death of King John. After the Treaty of Lambeth, he was paid 10,000 marks, pledged never to invade England again, and was absolved of his excommunication.

As prince and fulfilling the crusading vow of his father, Philip II, Louis led forces during the Albigensian Crusade in support of Simon de Montfort the Elder, from 1219 to 1223, and as king, from January 1226 to September 1226. Crowned king in 1223, Louis's ordinance against Jewish usury, a reversal of his father's policies, led to the establishment of Lombard moneylenders in Paris.

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Mark (currency) in the context of Deutsche Mark

The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaʁk] ; 'German mark'), abbreviated "DM" or "D-Mark" ([ˈdeːˌmaʁk] ), was the official currency of West Germany from 1948 until 1990, and then unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (/ˈdɔɪmɑːrk/ DOYTCH-mark). One Deutsche Mark was divided into 100 pfennigs.

It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the other eurozone states, where the euro and legacy currency circulated side by side for up to two months. Mark coins and banknotes continued to be accepted as valid forms of payment in Germany until 1 March 2002.

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