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The Deutsche Mark has overcome many hard times and has always seemed to represent the values of Germany, such as stability and prosperity. The Second World War was a collapsed German economy. A huge glut of money was offset by only a minimal range of goods. From this date onward Germany had to be regarded as divided because East and West were treated separately. In 1948 in the western zones of Germany, a currency reform was undertaken; the Reichsmark and Alliierte Militärmark were replaced by the Deutsche Mark. Every citizen was allowed to exchange 600 Reichsmark into 60 Deutsche Mark. The Deutsche Mark was very stable and covered by gold up to 1971. In 1975 the silver coin disappeared as a circulating coin and the Deutsche Mark was coined of nickel mostly. Therewith the period of the circulation of silver money ended Was later replaced by Euro