Bank Der Deutschen Arbeit
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Bank Der Deutschen Arbeit
The ''Bank der deutschen Arbeit'' (BdA, ) was a financial institution of the German Labor Front (DAF), based in Berlin. Overview Founded in 1924 as the Bank of Workers, Employees, and Civil Servants () by organizations representing these groups, the bank was taken over by the DAF and renamed after the Nazi government banned all independent trade unions on . Its assets expanded rapidly under the Nazi government, from 151 million Reichsmarks at end-1931 to 918 million in 1939. The existence of the BdA came to an abrupt end in 1945, as the allied occupation forces agreed to liquidate it. Head office The BdA appropriated an office building at Wallstrasse 61-65 in Berlin, which had been commissioned by the General German Trade Union Federation (ADGB, dissolved in 1933) from architects Max Taut and and built in 1922-1923, then extended in 1930-1932 along Wallstrasse on a design by . From 1945 to 1990, it became the seat of the Free German Trade Union Federation. It has since been ...
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German Labor Front
The German Labour Front (, ; DAF) was the national labour organization of the Nazi Party, which replaced the various independent trade unions in Germany during the process of ''Gleichschaltung'' or Nazification. History As early as March 1933, two months after Hitler was appointed Chancellor of Germany, Chancellor, the Sturmabteilung began to attack trade union offices without legal consequences. Several union offices were occupied, their furnishings were destroyed, their documents were stolen or burned, and union members were beaten, thrown out of windows and in some cases killed; the police ignored these attacks and declared itself without jurisdiction. These early attacks occurred at random, carried out spontaneously by rank-and-file Nazis motivated by a desire to destroy Marxism, and the Nazi Party leadership only implemented a general policy in May. On 2 May, 1933, trade union headquarters throughout Germany were occupied, their funds were confiscated, and the unions were of ...
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Berlin
Berlin ( ; ) is the Capital of Germany, capital and largest city of Germany, by both area and List of cities in Germany by population, population. With 3.7 million inhabitants, it has the List of cities in the European Union by population within city limits, highest population within its city limits of any city in the European Union. The city is also one of the states of Germany, being the List of German states by area, third smallest state in the country by area. Berlin is surrounded by the state of Brandenburg, and Brandenburg's capital Potsdam is nearby. The urban area of Berlin has a population of over 4.6 million and is therefore the most populous urban area in Germany. The Berlin/Brandenburg Metropolitan Region, Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's second-largest metropolitan region after the Rhine-Ruhr region, as well as the List of EU metropolitan areas by GDP, fifth-biggest metropolitan region by GDP in the European Union. ...
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Bank Der Arbeiter, Angestellten Und Beamten AG 1929
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 ...
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General German Trade Union Federation
The General German Trade Union Federation (, ADGB) was a confederation of German trade unions in Germany founded during the Weimar Republic. It was founded in 1919 and was initially powerful enough to organize a general strike in 1920 against a right-wing coup d'état. After the 1929 Wall Street crash, the ensuing Great Depression caused widespread unemployment. The ADGB suffered a dramatic loss of membership, both from unemployment and political squabbles. By the time the Nazis seized control of the government, the ADGB's leadership had distanced itself from the Social Democratic Party of Germany (SPD) and was openly cooperating with Nazis in an attempt to keep the organization alive. Nonetheless, on 2 May 1933 the SA and SS stormed the offices of the ADGB and its member trade unions, seized their assets and arrested their leaders, crushing the organization. History The ADGB was founded on 5 July 1919
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