By Harold James
Deutsche financial institution, Germany's biggest bank, performed a huge position within the expropriation of Jewish-owned firms through the Nazi dictatorship, either within the current territories of Germany, and within the components seized by way of the German military in the course of global conflict II, rather Austria, Czechoslovakia, and Poland. Drawing on new and formerly unavailable fabrics, together with department documents, and lots of from the Bank's personal data, Harold James examines rules that resulted in the eventual Genocide of ecu Jews. How a lot did the belief of the Nazi ideology rely on the acquiescence, the complicity, and the cupidity of people and financial associations? Contradicting the conventional view that companies have been influenced by way of revenue to cooperate with the Nazi regime, James heavily examines the habit of the financial institution and its contributors to signify different motivations. James' remarkable entry and strange standpoint distinguishes this paintings because the merely publication to check one company's involvement within the fiscal persecution of the Jews in Nazi Germany. Harold James is Professor of heritage at Princeton college. he's a member of the self reliant fee of specialists investigating the political and fiscal hyperlinks of Switzerland with Nazi Germany, and of commissions to check 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 college Press, 1986), A Germany id 1770-1990 (Routledge, 1993), and overseas financial Cooperation in view that 1945 (Oxford college Press, 1996). He co-edited numerous books, together with The function of Banks within the Interwar economic system (Cambridge, 1991). James used to be additionally co-author of an prior heritage of the economic financial institution Deutsche financial institution (Deutsche financial institution 1870-1995, Weidenfeld and Nicholson, 1995) which gained the monetary instances international company publication Award in 1996. He lives in Princeton, New Jersey.
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Additional resources for The Deutsche Bank and the Nazi Economic War Against the Jews: The Expropriation of Jewish-Owned Property
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Haggling. What is his secular God? ”2 With the First World War, price controls, inflation, and the evolution of a black market, large numbers of people were obliged to take up speculative, illegal, or semilegal activities simply to survive. Such actions conflicted with traditional ideas of what kinds of business conduct were legitimate. 4 In explaining why individuals who were employed by banks took the actions they did, such anti-Semitism – professionally generated – may have played some role.
20 3 National Socialism and Banks T he National Socialist Party and government were suspicious of banks and their power and took over many elements of older critiques of German banking. They distinguished between productive and speculative, grasping capitalism (“schaffendes” as opposed to “raffendes Kapital”). In the discussions about bank reform and restructuring that took place in the aftermath of the depression and the banking crisis, they favored public-sector banks, as a less “capitalistic” way of managing money and investment.
20 3 National Socialism and Banks T he National Socialist Party and government were suspicious of banks and their power and took over many elements of older critiques of German banking. They distinguished between productive and speculative, grasping capitalism (“schaffendes” as opposed to “raffendes Kapital”). In the discussions about bank reform and restructuring that took place in the aftermath of the depression and the banking crisis, they favored public-sector banks, as a less “capitalistic” way of managing money and investment.