The Reichsbank 
& the Holocaust

With the creation of the German state in 1871 the currency affairs needed to be controlled centrally. For this purpose the central bank "Deutsche Reichsbank" was founded on 1. January 1876 as a successor of the Prussian state bank.

Before unification in 1871, Germany had 31 central banks – the Notenbanken (note banks). Each of the independent states issued their own money. In 1870, a law was passed that forbade the formation of further central banks. In 1874, a draft banking law was introduced in the Reichstag (the German parliament). After several changes and compromises, the law was passed in 1875.

Despite the creation of the Reichsbank, however, four of the Notenbanken – Baden, Bavaria, Saxony and Württemberg – continued to exist until 1914.

The Reichsbank was based in Berlin and was headed by the Reichsbankdirektorium (Board of directors of the Reichsbank). Its president was proposed by the German emperor or President of the Reich and ratified by the German Federal council (Bundesrat).

Read the full article at this link:  http://www.holocaustresearchproject.org/economics/reichsbank.html

The Holocaust Education & Archive Research Team

Holocaust, Economics, Nazi Plunder, Shoah, Education, Hitler, Jews, Concentration Camps, Auschwitz, Ghetto, Belzec, Sobibor, Treblinka