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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.
Rudolf Brinkmann (28 August 1893 – 1 August 1955 [a]) was a German economist and banker who rose to become a State Secretary in the Reich and Prussian Ministry of Economics and the Vice President of the Reichsbank in Nazi Germany. After only about a year in office, he had a nervous breakdown, was hospitalized for a severe psychiatric ...
To mask the acquisition, the Reichsbank understated its official reserves in 1939 by $40m relative to the Bank of England's estimates. [2] 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]
He served in Adolf Hitler's government as President of the Central Bank (Reichsbank) 1933–1939 and as Minister of Economics (August 1934 – November 1937). While Schacht was for a time feted for his role in the German " economic miracle ", he opposed elements of Hitler's policy of German re-armament insofar as it violated the Treaty of ...
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 .
Walther Immanuel Funk (18 August 1890 – 31 May 1960) was a German economist and Nazi official who served as Reich Minister for Economic Affairs (1938–1945) and president of Reichsbank (1939–1945).
Hjalmar Schacht – An economist, banker and politician, who served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. A fierce critic of post-World War I reparation obligations, he became a supporter of Hitler and served as President of the Reichsbank and Reich Minister of Economics. He played a key role in ...
The Reichsmark (German: [ˈʁaɪçsˌmaʁk] ⓘ; sign: ℛ︁ℳ︁; abbreviation: RM) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948.