Thomas H. McKittrick
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Thomas H. McKittrick
Thomas Harrington McKittrick (1889–1970) was an American banker and president of the Bank for International Settlements during World War II whose close relationship with Hitler's Third Reich has stirred controversy. Career McKittrick was educated at Harvard University and graduated in 1911. He joined the Citibank, National City Bank in 1916, assigned to assist in opening a branch of the bank in Geneva, Switzerland. He served in the American Expeditionary Forces on the Western Front (World War I) order of battle, American Expeditionary Force during World War I. In the interwar years he was a banker with Lee, Higginson & Co., Lee, Higginson & Co. McKittrick was president of the Bank for International Settlements (BIS) from 1940 to June 1943, under the chairmanship of Otto Niemeyer and Ernst Weber. BIS, intended to facilitate effective monetary co-operation, declared its neutrality in World War II. After the war was declared in September 1939, it was no longer possible for represe ...
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Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations. The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History Background International monetary cooperation started to develop tentatively in the course of the 19th century. An early case was a £400,000 loan in gold coins, in 1825 ...
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Lee, Higginson & Co
Lee, Higginson & Co. was a Boston-based investment bank established in 1848 that was the home of many members of the Boston Brahmin establishment. The bank collapsed in the Swedish match scandal in 1932 while under the leadership of Jerome Davis Greene. The bank helped finance the growth of General Motors during the nascent phase of the American automobile industry. Following the collapse, the partners of the firm reorganized as Lee Higginson Corporation. The corporation was later acquired by Hayden, Stone Inc. in 1966. The former headquarters of Lee, Higginson in lower Manhattan, built 1928, is now the private Léman Manhattan Preparatory School. History On May 1, 1848, lawyer John Clarke Lee of Salem and merchant George Higginson of Boston established Lee, Higginson & Co. with offices at 47 State Street in Boston. Lee's son, George Cabot Lee (the father of Alice Hathaway Lee, first wife of President Theodore Roosevelt) joined the firm in November 1848 and was admitted as ...
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Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of Provinces of the Netherlands, twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares Maritime boundary, maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch language, Dutch, with West Frisian language, West Frisian as a secondary official language in the province of Friesland. Dutch, English_language, English, and Papiamento are official in the Caribbean Netherlands, Caribbean territories. The people who are from the Netherlands is often referred to as Dutch people, Dutch Ethnicity, Ethnicity group, not to be confused by the language. ''Netherlands'' literally means "lower countries" i ...
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Belgium
Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the south, and the North Sea to the west. Belgium covers an area of and has a population of more than 11.8 million; its population density of ranks List of countries and dependencies by population density, 22nd in the world and Area and population of European countries, sixth in Europe. The capital and Metropolitan areas in Belgium, largest metropolitan region is City of Brussels, Brussels; other major cities are Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, and Leuven. Belgium is a parliamentary system, parliamentary constitutional monarchy with a complex Federation, federal system structured on regional and linguistic grounds. The country is divided into three highly autonomous Communities, regions and language areas o ...
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Reichsbank
The ''Reichsbank'' (; ) was the central bank of the German Empire from 1876 until the end of Nazi Germany in 1945. Background 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 German revolutions of 1848–1849, revolution of 1848, five additional banks had been granted a note-issuance privilege (the , , , at Stettin, and ), but that was still insufficient to sustain adequate monetary conditions. By 1851, 9 banks in the whole of Germany (not including Austria) were chartered to issue banknotes, known as . In addition, most German states - with the only exceptions of Principality of Lippe, Lippe and the Hanseatic cities of Free City of Bremen, Bremen, Free City of Hamburg, Hamburg and Free City of Lübeck, Lübeck - issued government paper money without the intermediation of an issuing bank. Several pan- ...
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Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ...
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Axis Powers
The Axis powers, originally called the Rome–Berlin Axis and also Rome–Berlin–Tokyo Axis, was the military coalition which initiated World War II and fought against the Allies of World War II, Allies. Its principal members were Nazi Germany, Fascist Italy, Kingdom of Italy and the Empire of Japan. The Axis were united in their far-right positions and general opposition to the Allies, but otherwise lacked comparable coordination and ideological cohesion. The Axis grew out of successive diplomatic efforts by Germany, Italy, and Japan to secure their own specific expansionist interests in the mid-1930s. The first step was the Italo-German protocol of 23 October 1936, protocol signed by Germany and Italy in October 1936, after which Italian leader Benito Mussolini declared that all other European countries would thereafter rotate on the Rome–Berlin axis, thus creating the term "Axis". The following November saw the ratification of the Anti-Comintern Pact, an anti-communis ...
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Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ...
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Central Intelligence Agency
The Central Intelligence Agency (CIA; ) is a civilian foreign intelligence service of the federal government of the United States tasked with advancing national security through collecting and analyzing intelligence from around the world and conducting covert operations. The agency is headquartered in the George Bush Center for Intelligence in Langley, Virginia, and is sometimes metonymously called "Langley". A major member of the United States Intelligence Community (IC), the CIA has reported to the director of national intelligence since 2004, and is focused on providing intelligence for the president and the Cabinet. The CIA is headed by a director and is divided into various directorates, including a Directorate of Analysis and Directorate of Operations. Unlike the Federal Bureau of Investigation (FBI), the CIA has no law enforcement function and focuses on intelligence gathering overseas, with only limited domestic intelligence collection. The CIA is responsibl ...
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Office Of Strategic Services
The Office of Strategic Services (OSS) was the first intelligence agency of the United States, formed during World War II. The OSS was formed as an agency of the Joint Chiefs of Staff (JCS) to coordinate espionage activities behind enemy lines for all branches of the United States Armed Forces. Other OSS functions included the use of propaganda, subversion, and post-war planning. The OSS was dissolved a month after the end of the war. Intelligence tasks were shortly later resumed and carried over by its successors, the Strategic Services Unit (SSU), the United States Department of State, Department of State's Bureau of Intelligence and Research (INR), and the Central Intelligence Group (CIG), the intermediary precursor to the independent Central Intelligence Agency (CIA). On December 14, 2016, the organization was collectively honored with a Congressional Gold Medal. Origin Before the OSS, the various departments of the executive branch, including the United States Departm ...
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Allen Dulles
Allen Welsh Dulles ( ; April 7, 1893 – January 29, 1969) was an American lawyer who was the first civilian director of central intelligence (DCI), and its longest serving director. As head of the Central Intelligence Agency (CIA) during the early Cold War, he oversaw numerous activities, such as the 1953 Iranian coup d'état, the 1954 Guatemalan coup d'état, the Project MKUltra mind control program, and the Bay of Pigs Invasion in 1961. As a result of the failed invasion of Cuba, Dulles was forced to resign by President John F. Kennedy as well as Richard Bissll and Charles Cabell being replaced with John McCone who’d serve the remainder of the Kennedy administration Dulles was a member of the Warren Commission that investigated Kennedy's assassination. A conspiracy theory suggesting that Dulles and the CIA were somehow involved in Kennedy's assassination and its potential cover up in the Warren Commission have been subject to popular debate among historians, political co ...
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Basel
Basel ( ; ), also known as Basle ( ), ; ; ; . is a city in northwestern Switzerland on the river Rhine (at the transition from the High Rhine, High to the Upper Rhine). Basel is Switzerland's List of cities in Switzerland, third-most-populous city (after Zurich and Geneva), with 177,595 inhabitants within the city municipality limits. The official language of Basel is Swiss Standard German and the main spoken language is the local Basel German dialect. Basel is commonly considered to be the cultural capital of Switzerland and the city is famous for its many Museums in Basel, museums, including the Kunstmuseum Basel, Kunstmuseum, which is the first collection of art accessible to the public in the world (1661) and the largest museum of Swiss art, art in Switzerland, the Fondation Beyeler (located in Riehen), the Museum Tinguely and the Museum of Contemporary Art (Basel), Museum of Contemporary Art, which is the first public museum of contemporary art in Europe. Forty museums ...
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