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The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and ...
While being under German control, the Reichswerke had the great majority of its assets and workforce located outside of Germany, since it had grown largely by absorbing non-German companies from conquered territories before and during the war. 70 per cent of its net assets and 76.5 per cent of its workforce were outside of the Reich by 1943 ...
In the Ottoman Empire Turkish nationalists took control before the war began. They drove out Greeks and Armenians who had been the backbone of the business community, replacing them with ethnic Turks who were given favorable contracts but who lacked the international connections, credit sources, and entrepreneurial skills needed for business. [78]
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
Hitler completely reorganized the economic landscape in Nazi Germany. The Reichswirtschaftskammer ("Reich Economic Chamber") consisted of over two hundred organizations and national councils involved in industry, commercial, and craft lines. Large public works programs, such as the construction of the Autobahn, stimulated the economy and ...
The monetary institutions in Germany had been unsuited for its economic development for several decades before unification. In the Kingdom of Prussia, the Bank of Prussia had been established in 1847 and, in the aftermath of the revolution of 1848, five additional banks had been granted a note-issuance privilege (the Berliner Kassenverein [], Kölnische Privatbank, Magdeburger Privatbank ...
24 June: Hitler incarcerated; German Foreign Minister Walther Rathenau assassinated, some involved are in the Organisation Consul. July: Inflation hits the German economy: 670 RM = 1 US$ 27 July: Hitler released. August: 2,000 RM = US$1; October: 4,500 RM = US$1; 28 October: Benito Mussolini establishes his Fascist dictatorship in Italy.
Germany assumed full control in France in 1942, Italy in 1943, and Hungary in 1944. Although Japan was a powerful ally, the relationship was distant, with little co-ordination or co-operation. For example, Germany refused to share their formula for synthetic oil from coal until late in the war. [84]