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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.
Former Reichsbank building in 2009. The former Reichsbank building (in German the Haus am Werderschen Markt) is a building in Berlin, Germany, originally built in 1934–38 to house the Reichsbank, and today housing part of the Foreign Office. One of the remaining examples of Nazi architecture, the building was commissioned in 1933.
English: Expansion of the former Reichsbank building at Kurstraße No. 36/40 in Berlin-Mitte, now part of the German Federal Foreign Ministry (Auswärtiges Amt) complex. Construction started in 1933 to a design by Heinrich; this was the first major building project of the Nazis in Berlin. Construction was completed as late as 1940.
On 16 November 1923, the new Rentenmark was introduced to replace the worthless paper marks issued by the Reichsbank. Twelve zeros were cut from prices, and the prices quoted in the new currency remained stable. [24] When the president of the Reichsbank, Rudolf Havenstein, died on 20 November 1923, Schacht was appointed to replace him.
As the de facto center of the German Zollverein, or Customs Union, and later the seat of the Reichsbank, Berlin became Germany’s banking and financial center as well. Berlin suffered from both the German hyperinflation of the 1920s and the Great Depression of the 1930s.
Deutsch: Das Foto zeigt das Gebäude der Reichsbank von 1891. Der Straßenname "Werderstraße" im Titel des Bundesarchivs ist falsch. Das Gebäude befand sich an der Südseite der Jägerstraße 34-38, die nächste Parallelstraße südlich der Werderstraße. 1934/1940 wurde ein Erweiterungsbau der Reichsbank zwischen Jägerstraße und Werderstraße errichtet, was wohl den Fehler verursacht hat.
Rudolf Emil Albert Havenstein (10 March 1857 – 20 November 1923) was a German lawyer and president of the Reichsbank (German central bank) during the hyperinflation of 1921–1923. [1] Havenstein was born in Meseritz (Międzyrzecz), Province of Posen. He came from a family of government officials and studied law in Heidelberg and Berlin ...
The New Reich Chancellery suffered severe damage during the Battle of Berlin between April and May 1945 (in comparison, the Old Reich Chancellery was not as badly damaged). Andrei Gromyko , who would later become the Soviet foreign minister, visited the partially-destroyed structure a few weeks after the fighting in the city had completely ceased.