Search results
Results from the WOW.Com Content Network
Swiss Bank Corporation found itself in relatively strong financial condition at the end of World War II, with CHF 1.8 billion of assets. [4] By contrast, the Basler Handelsbank (Commercial Bank of Basel), founded in 1862 and one of the largest banks in Switzerland, was insolvent at the end of the war and was consequently acquired by SBC in 1945.
Switzerland's refugee laws, especially with respect to Jews fleeing Germany, were strict and have caused controversy since the end of World War II. From 1933 until 1944 asylum for refugees could only be granted to those who were under personal threat owing to their political activities only; it did not include those who were under threat due to ...
Switzerland continued to trade with Germany, and was very useful as a neutral country friendly to Germany. Until the declaration of war on the Soviet Union, the Third Reich received large supplies of grain and raw materials from the USSR, which they paid for with industrial machinery, weapons, and even German designs for a battleship. In the ...
Gotthard line in 1882 Development of real GDP per capita, 1851 to 2018. Switzerland as a federal state was established in 1848. Before that time, the city-cantons of Zürich, Geneva, and Basel in particular began to develop economically based on industry and trade, while the rural regions of Switzerland remained poor and underdeveloped.
In 1998, a Swiss commission estimated that the Swiss National Bank held $440 million ($8 billion in 2020 currency) of Nazi gold, over half of which is believed to have been looted. Some of the accumulated wealth was used to finance the war, but the total spending remains unclear.
Swiss German (one selection, terms vary in different dialects):; Füfräppler for a 5 centimes coin; Zëhräppler for a 10 centimes coin; Zwänzgräppler for a 20 centimes coin; [1] Stutz [2] or Franke [3] for a 1 franc coin or change in general; Füüfliiber for a 5 francs coin; [4] Rappe and Batze are specifically used for coin below 1 franc, but also figuratively for change in general [5] [6]
The quality of the Reichsmark coins decreased more and more towards the end of World War II and misprints happened more frequently. [8] [9] Since the 4 ℛ︁₰ coin was only slightly larger than the 1 ℳ︁ coin and the imperial eagle looked similar, an attempt was made to pass it off as a 1-reichsmark coin by silvering the 4 ℛ︁₰ coin ...
The redoubt was to be manned by eight infantry divisions and three mountain brigades; [6] the Swiss practiced for war by imitating the battles occurring around them. [7] Switzerland's redoubt strategy during World War II was essentially one of deterrence. The idea was to make clear to Germany that an invasion would have a high cost.