The Deutsche Bank and the Nazi Economic War against the by Harold James

By Harold James

Deutsche financial institution, Germany's greatest bank, performed an immense position within the expropriation of Jewish-owned businesses throughout the Nazi dictatorship, either within the current territories of Germany, and within the parts seized via the German military in the course of international warfare II, really Austria, Czechoslovakia, and Poland. Drawing on new and formerly unavailable fabrics, together with department documents, and plenty of from the Bank's personal documents, Harold James examines regulations that ended in the eventual Genocide of eu Jews. How a lot did the conclusion of the Nazi ideology rely on the acquiescence, the complicity, and the cupidity of people and fiscal associations? Contradicting the normal view that companies have been encouraged by way of revenue to cooperate with the Nazi regime, James heavily examines the habit of the financial institution and its members to indicate different motivations. James' unprecedented entry and strange viewpoint distinguishes this paintings because the in basic terms ebook to ascertain one company's involvement within the financial persecution of the Jews in Nazi Germany. Harold James is Professor of historical past at Princeton collage. he's a member of the self sustaining fee of specialists investigating the political and monetary hyperlinks of Switzerland with Nazi Germany, and of commissions to envision the jobs of Deutsche financial institution and Dresdner financial institution. he's the writer of a number of books on Germany financial system and society, together with Germany: The German droop (Oxford collage Press, 1986), A Germany id 1770-1990 (Routledge, 1993), and overseas financial Cooperation considering 1945 (Oxford college Press, 1996). He co-edited a number of books, together with The position of Banks within the Interwar economic system (Cambridge, 1991). James used to be additionally co-author of an previous heritage of the economic financial institution Deutsche financial institution (Deutsche financial institution 1870-1995, Weidenfeld and Nicholson, 1995) which received the monetary occasions international company publication Award in 1996. He lives in Princeton, New Jersey.

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The case of the Ceská Banká Union (Böhmische Union-Bank, or BUB), which is treated in great detail here, was not a source of great 31 THE DEUTSCHE BANK AND THE NAZI ECONOMIC WAR AGAINST THE JEWS revenue for Deutsche Bank. The fact that a bank might have sustained losses in the course of serving the ends of an evil regime should not, it needs to be pointed out, make its actions any better morally. ), it is difficult to fully gauge all the additional revenue that came to the bank as a consequence of the Nazi plundering of Jews.

In retail banking, the Nazis unambiguously favored the savings banks [Sparkassen], the banks of the little or average people. The Nazi attitude toward privately owned joint-stock banks was heavily permeated by anti-Semitism. Banking and speculative financial capitalism were castigated as “Jewish,” and in a number of instances commercial banks were subject to party-organized antiSemitic boycotts in 1933. Later, in 1938, there was a brief time when Deutsche Bank was, under official and legal terminology, a “nonaryan” bank.

25 Abs and Rösler had initially asked Hunke to join the board of Deutsche Bank in the course of an overnight train journey to Vienna, but at first he declined. 26 When discussing Hunke, the Deutsche Bank Working Committee explicitly discussed the dangers of a political appointment and the implications for the functioning of the board of managing directors. ”27 What about the bank’s branch directors? A list prepared toward the end of the war gives details of eighty-four branch directors. Of these, forty-four were party members.

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