Industry WIKI

The Bank of Hamburg (German: Hamburger Bank) was a public credit institution founded in 1619 by the Free City of Hamburg. It issued a fully silver-backed currency known as the Mark Banco, which was used to stabilize trade and protect against debased coinage. It operated independently until 31 December 1875, when it became part of the newly created Reichsbank.

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 va