Mid November 1923, the Hyperinflation of the Weimar Republic reached its peak. Due to Germany's obligation to pay large reparations after World War I, a hyperinflation was induced reaching its peak in November 1923, when the American dollar was worth 4,210,500,000,000 German marks.
On October 28, 1886, U.S. president Grover Cleveland, the former New York governor, presided the dedication ceremony of the Statue of Liberty, a gift to the United States from the people of France.