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The Reichsbank was established by legislation of the Reichstag of 14 March 1875, and assumed its new role on 1 January 1876 when it succeeded the Bank of Prussia. Meanwhile, between 1873 and 1875 the Bank of Prussia assumed all the assets and liabilities of the Hamburger Bank, which was a major monetary anchor in Northern Germany.
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
Towards the end of the war, the bank's headquarters moved to Hamburg. In contrast to the reports on Deutsche Bank, Dresdner Bank, and IG Farben, the OMGUS report by the American occupation forces on Commerzbank in the first post-war years has not yet been published. [42] Degussa AG (now Evonik Industries) [43] [44] [15] 1843 Frankfurt, Germany
Under Wilhelm II, with the financial backing of the Deutsche Bank, the Baghdad Railway was begun in 1900, ... Demographics of pre-WW1 European countries.
Deutsche Bank AG [a] (German pronunciation: [ˈdɔʏtʃə ˈbaŋk ʔaːˈɡeː] ⓘ, lit. ' German Bank ') is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin.
[61] In the following weeks, the Nazi Party received contributions from seventeen different business groups, with the largest coming from IG Farben and Deutsche Bank. [62] Many of these businesses continued to support Hitler even during the war and even profited from persecution of the Jews.
The Pity of War: Explaining World War One (1999), wide-ranging overview, esp. pp 105–42, 248–81, 395–432 Fisk, Harvey E. The Inter-Ally Debts: An Analysis of War and Post-War Public Finance, 1914-1923 (1924) online Archived 2017-04-05 at the Wayback Machine
Hermann Josef Abs. Hermann Josef Abs (15 October 1901, Bonn – 5 February 1994, Bad Soden) [1] was a leading Nazi banker and advisor to Chancellor Adenauer. He was a member of the board of directors of Deutsche Bank from 1938 to 1945, as well as of 44 other companies, [2] including IG Farben.