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Oscar Wassermann
Oscar Wassermann (born April 4 1869 in Bamberg; died September 8 1934 in Garmisch) was a German -Jewish banker. Life Oscar Angelo Wassermann's grandfather Samuel Wassermann (1810-1884) came to Bamberg from Regensburg and opened a bank, A. E. Wassermann, which his son Emil (1842–1911) and brother Angelo ran after his death. Emil Wassermann married Emma Oppenheimer in Frankfurt am Main. Their son Oscar was the oldest of nine or ten children; his youngest brother was German banker Sigmund Wassermann (1889-1958). After completing a training in banking at Munich and Paris, Oscar Wassermann started work at the important Berlin subsidiary of the family bank in 1889, the year of his mother's death. In 1900 he took over the control of it, jointly with his cousin Max Wassermann (1863–1934). The value of the business undertaken by the Wassermann Bank's Berlin subsidiary soon surpassed that of the head office branch in Bamberg, largely on account of Oscar Wassermann's profita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bamberg
Bamberg (, , ; East Franconian: ''Bambärch'') is a town in Upper Franconia, Germany, on the river Regnitz close to its confluence with the river Main. The town dates back to the 9th century, when its name was derived from the nearby ' castle. Cited as one of Germany's most beautiful towns, with medieval streets and Europe's largest intact old city wall, the old town of Bamberg has been a UNESCO World Heritage Site since 1993. From the 10th century onwards, Bamberg became a key link with the Slav peoples, notably those of Poland and Pomerania. It experienced a period of great prosperity from the 12th century onwards, during which time it was briefly the centre of the Holy Roman Empire. Emperor Henry II was also buried in the old town, alongside his wife Kunigunde. The town's architecture from this period strongly influenced that in Northern Germany and Hungary. From the middle of the 13th century onwards, the bishops were princes of the Empire and ruled Bamberg, overseeing the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vorstand
In German corporate governance, a ''Vorstand'' is the executive board of a corporation (public limited company). It is hierarchically subordinate to the supervisory board (''Aufsichtsrat''), as German company law imposes a two-tier board of directors. German law confers executive powers on the executive board as a body. It is expected to act collectively and collegially. Unlike the executive committee (a.k.a. operating committee or executive council) of a U.S. or UK company, the executive board is not an adjunct of the CEO (managing director). In contrast to Japanese corporate governance, the German executive board has real decision-making power.Charkham, page 85 It is, by law, the managing body of a company and cannot be instructed by any legal person, be they natural or artificial, to act in such a way as to harm the business. Executive board members are personally liable for accepting any such instructions. The specific scope of an executive board's duties varies from business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Reparations
War reparations are compensation payments made after a war by one side to the other. They are intended to cover damage or injury inflicted during a war. History Making one party pay a war indemnity is a common practice with a long history. Rome imposed large indemnities on Carthage after the First (Treaty of Lutatius) and Second Punic Wars. Some war reparations induced changes in monetary policy. For example, the French payment following the Franco-Prussian war played a major role in Germany's decision to adopt the gold standard; the 230 million silver taels in reparations imposed on defeated China after the First Sino-Japanese War led Japan to a similar decision. There have been attempts to codify reparations both in the Statutes of the International Criminal Court and the UN Basic Principles on the Right to a Remedy and Reparation for Victims, and some scholars have argued that individuals should have a right to seek compensation for wrongs they sustained during warfare ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilhelm Cuno
Wilhelm Carl Josef Cuno (2 July 1876 – 3 January 1933) was a German businessman and politician who was the chancellor of Germany from 1922 to 1923, for a total of 264 days. His tenure included the episode known as the Occupation of the Ruhr by French and Belgian troops and the period in which inflation in Germany accelerated notably, heading towards hyperinflation. Cuno was also general director of the Hapag shipping company. Early life Wilhelm Carl Josef Cuno was born on 2 July 1876 in Suhl, in what was then Prussian Saxony and is now in Thuringia. He was the son of August George Wilhelm Cuno (1848-1915) and his wife Catherina Elisabeth Theresia, née Daske (1852-1878). In 1906, Cuno, a Roman Catholic, married Martha Berta Wirtz (born 1879), daughter of Hamburg merchant Hugo Wirtz. They had three sons and two daughters. Cuno studied law in Berlin and Heidelberg and was awarded a Juris Doctor. He was a member of K.D.St.V. Arminia Heidelberg, a Catholic student fraternity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weimar Republic
The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was a historical period of Germany from 1918 to 1933, during which it was a constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic (german: Deutsche Republik, link=no, label=none). The period's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. Following the devastation of the First World War (1914–1918), Germany was exhausted and sued for peace in desperate circumstances. Awareness of imminent defeat sparked a revolution, the abdication of Kaiser Wilhelm II, formal surrender to the Allies, and the proclamation of the Weimar Republic on 9 November 1918. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weimar Germany
The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was the government of Germany from 1918 to 1933, during which it was a Constitutional republic, constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic (german: Deutsche Republik, link=no, label=none). The state's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. Following the devastation of the First World War (1914–1918), Germany was exhausted and sued for peace in desperate circumstances. Awareness of imminent defeat sparked a German Revolution of 1918–1919, revolution, the Abdication of Wilhelm II, abdication of Kaiser Wilhelm II, formal surrender Allie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsbank
The ''Reichsbank'' (; 'Bank of the Reich, Bank of the Realm') was the central bank of the German Reich from 1876 until 1945. History until 1933 The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in 1871. It was the central bank of Prussia, under the close control of the Reich government. Its first president was Hermann von Dechend. 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 federal legislature of the German Reich. 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 experienced both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Versailles
The Treaty of Versailles (french: Traité de Versailles; german: Versailler Vertrag, ) was the most important of the peace treaties of World War I. It ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919 in the Palace of Versailles, exactly five years after the assassination of Archduke Franz Ferdinand, which led to the war. The other Central Powers on the German side signed separate treaties. Although the armistice of 11 November 1918 ended the actual fighting, it took six months of Allied negotiations at the Paris Peace Conference to conclude the peace treaty. The treaty was registered by the Secretariat of the League of Nations on 21 October 1919. Of the many provisions in the treaty, one of the most important and controversial was: "The Allied and Associated Governments affirm and Germany accepts the responsibility of Germany and her allies for causing all the loss and damage to which the Allied and Associated Governments and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Warburg
Max Moritz Warburg (5 June 1867 – 26 December 1946) was a German banker and scion of the wealthy Warburg family based in Hamburg, Germany. Early life Max Warburg was one of seven children born to Moritz Warburg, the director of the family's Hamburg bank, and his wife Charlotte Oppenheim of the Oppenheim family, another prominent German-Jewish banking family. His siblings were art historian and cultural theorist Abraham Warburg; chief architect of the Federal Reserve Board of the United States Paul Warburg; Felix, son-in-law to Jacob Schiff and partner at Kuhn, Loeb & Co.; Fritz; Olga; and Louisa. Career He apprenticed in Frankfurt, Amsterdam, Paris, and London. From 1910 until 1938, he was director of M. M. Warburg & Co. in Hamburg, Germany. As head of that firm, he advised Kaiser Wilhelm II prior to World War I. In the 1930s, despite the rise of the Nazi Party, Warburg felt there was hope for the future in Germany and tried to wait out the Nazi crisis. From 1933, he serve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First World War
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aftermath Of World War I
The aftermath of World War I saw drastic political, cultural, economic, and social change across Eurasia, Africa, and even in areas outside those that were directly involved. Four empires collapsed due to the war, old countries were abolished, new ones were formed, boundaries were redrawn, international organizations were established, and many new and old ideologies took a firm hold in people's minds. World War I also had the effect of bringing political transformation to most of the principal parties involved in the conflict, transforming them into electoral democracies by bringing near-universal suffrage for the first time in history, as in Germany ( 1919 German federal election), Great Britain (1918 United Kingdom general election), and Turkey ( 1923 Turkish general election). Blockade of Germany Through the period from the Armistice of 11 November 1918 until the signing of the Treaty of Versailles with the Weimar Republic on 28 June 1919, the Allies maintained the naval blo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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