Reichsbank


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Reichsbank

 

the central bank of issue of Germany, which existed from 1875 until the end of World War II. The bank was a private joint-stock society but entirely under the jurisdiction of the state. The stock capital was originally 120 million marks and rose to 150 million in 1930. During World War I, the Reichsbank financed Germany’s military expenditures. In accordance with the Dawes Plan, from 1924 to 1929 the Reichsbank was controlled by foreign creditors, who received reparation payments through the bank. In 1936 the bank acquired a monopoly right to issue bank notes.

The Reichsbank played a particularly important role in mobilizing financial resources for fascist Germany’s aggression. In 1939 all limitations on bank loans to the state were removed. The financial plundering of the temporarily occupied countries of Europe was carried on through the bank. After the collapse of fascist Germany the bank was liquidated according to the decisions of the Potsdam (Berlin) Conference of 1945.

References in periodicals archive ?
Asked how they had made their last payment in a survey by Germany's Reichsbank, 70 per cent of respondents had used a card, compared with only 15 per cent who had paid in cash.
Barbieri devotes nearly half of his book to the Weimar Republic's and Adolf Hitler's Reichsbank President Hjalmar Schacht, who appears in this study as almost more important than Hitler himself.
The nation suffered hyperinflation as the Reichsbank printed marks to throw onto the foreign exchange market.
The period of study will be between 1923, when the Bundesbank was known as the Reichsbank, and 1969.
Although, in 1919 the Meissen factory submitted to the German Finance Ministry a proposal for a national emergency coinage in the form of a seven-piece sample set of stoneware coins ranging in denomination from 10 pfennigs to 5 marks, the idea was ultimately rejected by the Reichsbank as impractical (Ringleb, 1986: 42).
Contract award notice: Deutsche Bundesbank, head office in Hesse, renovation of kino kitchens and fire protection in Reichsbank building, planning services Technical equipment.
Although the ministry's building was constructed as the Reichsbank of Nazi Germany and, later, was turned into the headquarters for the Socialist Unity Party which was the Soviet-dominated East Germany's ruling party, now talks there were centred on the Baltic Sea region's business cooperation and preservation of all the main democratic values-guarding the European Union.
Both Walter Gropius and Mies van der Rohe, despite their being major Bauhaus architects, submitted modernist designs to the Third Reich for the new Reichsbank before fleeing Germany.
Es en este escenario de crisis y fragmentacion donde el autor va a destacar la figura del politico aleman Hjalmar Schacht, presidente del Reichsbank (1923-1930).
Expectations changed because the public knew there was a legal limit on the total value of rentenmarks that could be issued by the Rentenbank, which was under the jurisdiction of the Reichsbank (the central bank).
Tambien en dichos acervos existe informacion sobre la censura a proyectos franceses que injuriaban a Mexico y sus habitantes asi como de una exhibicion en la calle de Bolivar no 42 con fotografias y caricaturas de las regiones ocupadas por tropas francesas en 1924; la excursion de alemanes a Mexico en 1926 para estudiar las oportunidades de intercambio economico entre los paises, el proyecto de un banco unico basado en el Reichsbank, entre otros aspectos.
The best went to the Vaterland, SS families, valuables to the Reichsbank, the rest burned as the Allies neared.