Search results
Results from the WOW.Com Content Network
After World War II, determination of legal status was relevant, for instance, to resolve the issue of whether the post-1949 Federal Republic of Germany (West Germany) would be the successor state of the pre-1945 German Reich – with all the implications (at the time uncodified) of state succession, such as the continuation of treaties – or if, according to international law, it would be ...
11 May: Austria's largest bank, the Creditanstalt, fails and sends financial shockwaves throughout Europe. [96] 20 June: U.S. president Herbert Hoover proposes a moratorium on the payment of international debts, including German reparations. [97] 13 July: Germany's second largest bank, the Danat-Bank, fails and causes a nationwide banking ...
The history of the Bundesbank is inextricably linked with the history of the German currency after the Second World War.Following the total destruction after the war, the old Reichsmark was practically worthless, and a currency reform was implemented in the western occupation zones including West Berlin: on 21 June 1948, the D-Mark, or Deutsche Mark, replaced the Reichsmark.
At its height, Germany accounted for 17% of China's foreign trade and China was the largest trade partner for German businesses in Asia. [19] [20] Stahlhelm-wearing Chinese soldiers firing a Pak 36 anti-tank gun. Germany sent military advisers such as Alexander von Falkenhausen to China to help the KMT government reform its armed forces. [11]
The coat of arms of the Weimar Republic shown above is the version used after 1928, which replaced that shown in the "Flag and coat of arms" section. The flag of Nazi Germany shown above is the version introduced after the fall of the Weimar Republic in 1933 and used till 1935, when it was replaced by the swastika flag , similar, but not exactly the same as the flag of the Nazi Party that had ...
The 1949 Constitution of the German Democratic Republic (East Germany) contained many passages that were directly copied from the 1919 constitution. [46] It was intended to be the constitution of a united Germany and was therefore a compromise between liberal-democratic and Marxist–Leninist ideologies.
The Enabling Act was formally declared to be repealed by the Allied Control Council in Control Council Law No. 1, following the surrender of Germany at the end of World War II. [32] Germany's Basic Law (constitution) of 1949 stipulates that only bodies that are constitutionally endowed with legislative power can enact laws. This theoretically ...
Crisis began in 1782. Ended by the Compromise of 1790 and the Funding Act of 1790. [20] [21] [better source needed] 1814, US defaulted on its debt 1875, US devalued the USD (Specie Act) 1933: Suspension of federal payments in gold amid a bank crisis and international run on gold reserves. [22] [2] 1953