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MEFO was the more common abbreviation for (german: MEtallurgische FOrschungsgesellschaft m.b.H., en, Society for Metallurgical Research LLC), a dummy company set up by the Nazi German government to finance the German re-armament effort in the years prior to World War II. Origins This dummy company was set up in May 1933, just after appointment of Hjalmar Schacht as Reichsbank President in March 1933, as a front for purchases from four German armament manufacturers, Krupp, Siemens, Gutehoffnungshütte, and Rheinmetall. The four were persuaded to put up the initial share capital of 250,000 Reichsmarks. The German government was not openly involved in any way; on paper, MEFO was entirely a private company, in reality, the company had two directors, one appointed by the Reich Ministry of Defence and the other by the Reichsbank. The four companies pooled together over 1 billion Reichsmark (equivalent to billion euros) where the National Socialist government agreed to repay th ...
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German Reichsmark
The (; sign: ℛℳ; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the , and until 23 June 1948 in East Germany, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 s (Rpf or ℛ₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; whereas (''realm'' in English), comes from the official name for the German state from 1871 to 1945, . History The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was = 1012  ℳ (one trillion in American English and French, one billion in German and other European languages and British English of the time; see long and short scale). To stabilize the economy and to smooth the transition, the Papierma ...
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1930s Economic History
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is auctioned off ...
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Covert Organizations
A covert operation is a military operation intended to conceal the identity of (or allow plausible deniability by) the party that instigated the operation. Covert operations should not be confused with clandestine operations, which are performed in secret and meant to stay secret. Covert operations aim to secretly fulfill their mission objectives without anyone knowing who sponsored or carried out the operation, or in some cases, without anyone knowing that the operation has even occurred. Impact According to a 2018 study by University of Chicago political scientist Austin Carson, covert operations may have the beneficial effect of preventing escalation of disputes into full-blown wars. He argues that keeping military operations secret can limit escalation dynamics, as well as insulate leaders from domestic pressures while simultaneously allowing them communicating their interest to the adversary in keeping a war contained. He finds that covert operations are frequently detec ...
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Economy Of Nazi Germany
Like many other Western nations at the time, Germany suffered the economic effects of the Great Depression with unemployment soaring around the Wall Street Crash of 1929. When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy. The changes included privatization of state industries, tariffs on imports, and an attempt to achieve autarky (national economic self-sufficiency). Weekly earnings increased by 19% in real terms from 1933 to 1939, but this was largely due to employees working longer hours, while the hourly wage rates remained close to the lowest levels reached during the Great Depression. In addition, reduced foreign trade meant rationing of consumer goods like poultry, fruit, and clothing for many Germans.Evans, Richard J. "Business, Politics, and War." The Third Reich in Power. New York: Penguin, 2006. 392. Print The Nazis believed in war as the primary engine of human progress, and argued that the purpose of a countr ...
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Adolf Hitler
Adolf Hitler (; 20 April 188930 April 1945) was an Austrian-born German politician who was dictator of Nazi Germany, Germany from 1933 until Death of Adolf Hitler, his death in 1945. Adolf Hitler's rise to power, He rose to power as the leader of the Nazi Party, becoming the Chancellor of Germany, chancellor in 1933 and then taking the title of in 1934. During his dictatorship, he initiated European theatre of World War II, World War II in Europe by invasion of Poland, invading Poland on 1 September 1939. He was closely involved in military operations throughout the war and was central to the perpetration of the Holocaust: the genocide of Holocaust victims, about six million Jews and millions of other victims. Hitler was born in Braunau am Inn in Austria-Hungary and was raised near Linz. He lived in Vienna later in the first decade of the 1900s and moved to Germany in 1913. He was decorated during his Military career of Adolf Hitler, service in the German Army in Worl ...
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German Rearmament
German rearmament (''Aufrüstung'', ) was a policy and practice of rearmament carried out in Germany during the interwar period (1918–1939), in violation of the Treaty of Versailles which required German disarmament after WWI to prevent Germany from starting another war. It began on a small, secret, and informal basis shortly after the treaty was signed, but it was openly and massively expanded after the Nazi Party came to power in 1933. Despite its scale, German re-armament remained a largely covert operation, carried out using front organizations such as glider clubs for training pilots and sporting clubs, and Nazi SA militia groups for teaching infantry combat techniques. Front companies like MEFO were set up to finance the rearmament by placing massive orders with Krupp, Siemens, Gutehofnungshütte, and Rheinmetall for weapons forbidden by the Treaty of Versailles. Carl von Ossietzky exposed the reality of the German rearmament in 1931 and his disclosures won him the ...
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Federal Ministry Of Finance (Germany)
The Federal Ministry of Finance (german: Bundesministerium der Finanzen), abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Christian Lindner ( FDP). History In German politics, the Ministry of Finance beside the Interior, Foreign, Justice and Defence ministries is counted as one of the "classical portfolios" (denoted by the definite article ''der''), which were also part of the first German government under Otto von Bismarck following the Unification of 1871. Fiscal policy in the German Empire was predominantly the domain of the various states responsible for all direct taxation according to the 1833 ''Zollverein'' treaties. The federal government merely received indirect contributions from the states. Matters of fiscal policy at the federal level initially was the exclusive responsibility of the German Chancellery under Otto von Bi ...
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The Avalon Project
The Avalon Project is a digital library of documents relating to law, history and diplomacy. The project is part of the Yale Law School Lillian Goldman Law Library. The project contains online electronic copies of documents dating back to the beginning of history, making it possible to study the original text of not only very famous documents such as '' Magna Carta'', the English Bill of Rights, and the United States Bill of Rights, but also the text of less well known but significant documents which mark turning points in the history of law and rights. The site has full search facilities and a facility to electronically compare the text of two documents. It also hosts ''Project Diana: An Online Human Rights Human rights are moral principles or normsJames Nickel, with assistance from Thomas Pogge, M.B.E. Smith, and Leif Wenar, 13 December 2013, Stanford Encyclopedia of PhilosophyHuman Rights Retrieved 14 August 2014 for certain standards of hu ... Archive''. Referenc ...
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Reich Ministry Of Economics
The Federal Ministry for Economic Affairs and Climate Action (german: Bundesministerium für Wirtschaft und Klimaschutz, ), abbreviated BMWK (was BMWi), is a cabinet-level ministry of the Federal Republic of Germany. It was previously known as the "Ministry of Economy". It was recreated in 2005 as "Ministry of Economics and Technology" after it had previously been merged with other ministries to form the Federal Ministry for Economics and Labour between 2002 and 2005. The ministry is advised by the Council of Advisors on Digital Economy. History The historical predecessor of the current Federal Ministry for Economic Affairs and Climate Action was the ''Reichswirtschaftsamt'' (Reich Economic Office), founded in 1917. In 1919, this became the ''Reichswirtschaftsministerium'' (Reich Ministry of Economy), which existed until 1945. In postwar occupied Germany, its functions were exercised by the Administrative Office of Economy (german: Verwaltungsamt für Wirtschaft) between 1946 ...
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Martin Kitchen
Martin Kitchen (December 21, 1936, Nottingham, England) is a British-Canadian historian, who has specialized in modern European history, with an emphasis on Germany. He is internationally regarded as a key author for the study of contemporary history. Kitchen was educated at Magdalen College, Oxford, and the School of Slavonic and East European Studies at the University of London. Now Professor Emeritus of history at Simon Fraser University, Kitchen started teaching in 1966. He also taught at the Cambridge Group for Population Studies (Cambridge University). Throughout his career, Kitchen has served in several editorial boards such as the ''International History Review'', the ''Canadian Journal of History / Annales canadiennes d'histoire'' and ''International Affairs''. Kitchen's work has been translated into French, German, Polish, Portuguese, Spanish, Korean and Chinese. Fellowships and awards Kitchen is a Fellow of the Royal Society of Canada and the Royal Historical S ...
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Mefo Bills
MEFO was the more common abbreviation for (german: MEtallurgische FOrschungsgesellschaft m.b.H., en, Society for Metallurgical Research LLC), a dummy company set up by the Nazi German government to finance the German re-armament effort in the years prior to World War II. Origins This dummy company was set up in May 1933, just after appointment of Hjalmar Schacht as Reichsbank President in March 1933, as a front for purchases from four German armament manufacturers, Krupp, Siemens, Gutehoffnungshütte, and Rheinmetall. The four were persuaded to put up the initial share capital of 250,000 Reichsmarks. The German government was not openly involved in any way; on paper, MEFO was entirely a private company, in reality, the company had two directors, one appointed by the Reich Ministry of Defence and the other by the Reichsbank. The four companies pooled together over 1 billion Reichsmark (equivalent to billion euros) where the National Socialist government agreed to repay th ...
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