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Due to Germany's territorial losses following World War I, the former Reichsbank branches in what became the Second Polish Republic were taken over by Bank Polski, and the one in the Free City of Danzig became the Bank of Danzig. During World War II, a number of branches were destroyed
While it operated, it produced commodities vital to the German military forces before and during World War II. After substantial damage from strategic bombing, the firm and its remaining assets were dissolved at the end of the war. [214] As Germany deepened its commitment to World War II, Brabag's plants became vital elements of the war effort.
Bank run at the Sparkasse on Mühlendamm, Berlin, 13 July 1931. The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on 11 May 1931, Landesbank der Rheinprovinz on 11 July 1931, and Danat-Bank on 13 July 1931.
During the war, Nazi Germany continued the practice on a much larger scale. Germany expropriated some $550m in gold from foreign governments, including $223m from Belgium and $193m from the Netherlands. [2] These figures do not include gold and other instruments stolen from private citizens or companies.
The account had which had ties to the Bank der Deutschen Arbeitsfront , controlled by the Nazis. [26] In March 1939 the Bank of England surrendered to Germany 5.6 million pounds worth of gold that belonged to the National Bank of Czechoslovakia, six months before England entered World War II. [27] "The documents released by the Bank of England ...
By the end of World War II, the country's economic infrastructure was completely destroyed. West Germany embarked in its program of reconstruction guided by the economic principles of the Minister of Economics Ludwig Erhard excelled in the economic miracle during the 1950s and 1960s.
The General Government was the German zone of occupation in Poland after the invasion by Nazi Germany and the Soviet Union in 1939, at the start of World War II. [1] The General Government represented the middle portion of occupied Poland, with originally the West being under German control and the East under Soviet control.
Operation Bernhard was an exercise by Nazi Germany to forge British bank notes. The initial plan was to drop the notes over Britain to bring about a collapse of the British economy during the Second World War. The first phase was run from early 1940 by the Sicherheitsdienst (SD) under the title Unternehmen Andreas (Operation Andreas).