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Ostsächsische Sparkasse Dresden
Ostsächsische Sparkasse Dresden (Dresden East-Saxon Savings Bank) is a Sparkasse, a public savings bank based in Dresden, Saxony. It is the largest savings bank in eastern-Germany, and it is the seventh-largest savings bank in the Federal Republic of Germany in terms of total assets, with €12.2 billion. History On February 3, 1821,Buch "Geschichte der Stadtsparkasse Dresden", 1996 the first savings bank was opened in the city of Dresden. The second half of the 19th century and the beginning of the 20th century were determined by modernization and growth spurts. Saxony became the driving motor for the industrialization of Germany and the bank benefited from rising wages and increasing demand for credit. With the incorporations around the turn of the century numerous new district branches were opened, more professional management structure and staff training and cashless payment was enabled. After a brief dip in the years of inflation, the real wage in 1923 stabilized again, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dresden
Dresden (; ; Upper Saxon German, Upper Saxon: ''Dräsdn''; , ) is the capital city of the States of Germany, German state of Saxony and its second most populous city after Leipzig. It is the List of cities in Germany by population, 12th most populous city of Germany, the fourth largest by area (after Berlin, Hamburg, and Cologne), and the third-most populous city in the area of former East Germany, after Berlin and Leipzig. Dresden's urban area comprises the towns of Freital, Pirna, Radebeul, Meissen, Coswig, Saxony, Coswig, Radeberg, and Heidenau and has around 790,000 inhabitants. The Dresden metropolitan area has approximately 1.34 million inhabitants. Dresden is the second largest city on the River Elbe after Hamburg. Most of the city's population lives in the Dresden Basin, Elbe Valley, but a large, albeit very sparsely populated, area of the city east of the Elbe lies in the West Lusatian Hill Country and Uplands (the westernmost part of the Sudetes) and thus in Lusatia. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Germany
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Germany
East Germany, officially known as the German Democratic Republic (GDR), was a country in Central Europe from Foundation of East Germany, its formation on 7 October 1949 until German reunification, its reunification with West Germany (FRG) on 3 October 1990. Until 1989, it was generally viewed as a communist state and described itself as a Socialist state, socialist "workers' and peasants' state". The Economy of East Germany, economy of the country was Central planning, centrally planned and government-owned corporation, state-owned. Although the GDR had to pay substantial war reparations to the Soviets, its economy became the most successful in the Eastern Bloc. Before its establishment, the country's territory was administered and occupied by Soviet forces following the Berlin Declaration (1945), Berlin Declaration abolishing German sovereignty in World War II. The Potsdam Agreement established the Soviet occupation zone in Germany, Soviet-occupied zone, bounded on the east b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombing Of Dresden In World War II
The bombing of Dresden was a joint British and American Area bombardment, aerial bombing attack on the city of Dresden, the capital of the German state of Saxony, during World War II. In four raids between 13 and 15 February 1945, 772 heavy bombers of the Royal Air Force (RAF) and 527 of the United States Army Air Forces (USAAF) dropped more than 3,900 of high-explosive bombs and incendiary devices on the city.*The number of bombers and tonnage of bombs are taken from a USAF document written in 1953 and classified secret until 1978 . * Taylor (2005), front flap, which gives the figures 1,100 heavy bombers and 4,500 tons. * Webster and Frankland (1961) give 805 Bomber Command aircraft 13 February 1945 and 1,646 US bombers 16 January – 17 April 1945."Mission accomplished", ''The Guardian'', 7 February 2004. The bombing and the resulting firestorm destroyed more than of the city centre. Up to 25,000 people were killed. Three more USAAF air raids followed, two occurring on 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second World War
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Germany
Until the early 19th century, Germany, a federation of numerous states of varying size and development, retained its pre-industrial character, where trade centered around a number of free cities. After the extensive development of the railway network during the 1840s, rapid economic growth and modernization sparked the process of industrialization. Under Prussian leadership Germany was united in 1871 and its economy grew rapidly. The largest economy in Europe by 1900, Germany had established a primary position in several key sectors, like the chemical industry and steel production. High production capacity, permanent competitiveness and subsequent protectionist policies fought out with the US and Britain were essential characteristics. By the end of World War II, the country's economic infrastructure was completely destroyed. West Germany embarked in its program of reconstruction guided by the economic principles of the Minister of Economics Ludwig Erhard excelled in the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saxony
Saxony, officially the Free State of Saxony, is a landlocked state of Germany, bordering the states of Brandenburg, Saxony-Anhalt, Thuringia, and Bavaria, as well as the countries of Poland and the Czech Republic. Its capital is Dresden, and its largest city is Leipzig. Saxony is the List of German states by area, tenth largest of Germany's sixteen states, with an area of , and the List of German states by population, sixth most populous, with more than 4 million inhabitants. The term Saxony (other), Saxony has been in use for more than a millennium. It was used for the medieval Duchy of Saxony, the Electorate of Saxony of the Holy Roman Empire, the Kingdom of Saxony, and twice for a republic. The first Free State of Saxony was established in 1918 as a constituent state of the Weimar Republic. After World War II, it was under Soviet occupation before it became part of communist East Germany and was abolished by the government in 1952. Following German reunificat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe. Savings banks originated in late-18th century Europe as a development of the Enlightenment, and became a Europe-wide phenomenon in the first half of the 19th century. The trajectories of savings bank systems then diverged across European nations, variously leading to the formation of integrated banking groups, cohesive national networks, conversion into cooperative banking or commercial banking entities, and/or piecemeal consolidation with other credit institutions. In most countries, the surviving savings banks have private-sector status and no longer operate under a distinctive legislative framework; significant exceptions include Germany and Luxembourg, where savings banks are public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sparkasse (Germany)
The ''Sparkassen-Finanzgruppe'' ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany and Europe by assets. Its name refers to local government-controlled savings banks that are known in German as , plural . Its activity is overwhelmingly located in Germany. History The , established in Hamburg in 1778, is widely viewed as the first modern savings bank. Other accounts emphasize the significance of the savings bank of Göttingen, founded in 1801, which was the first established with a municipal guarantor whereas earlier foundations had been initiated by merchants, clerics or academics (Hamburg later created its own municipal savings banks in 1827). In 1838, the Kingdom of Prussia adopted the first savings banks legislation (), which unified the legal status of the 234 savings banks then existing under its jurisdiction and put them under the regime of the respective local governments; it served as a model ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
