The ''Bank der deutschen Arbeit'' (BdA, ) was a financial institution of the
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, ...
(DAF), based in
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 withi ...
.
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
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 rig ...
(ADGB, dissolved in 1933) from architects
Max Taut
Max Taut (15 May 1884 – 26 February 1967) was a German architect.
Biography
Max Taut was born in Königsberg, the younger brother of Bruno Taut. He, his brother and Franz Hoffman formed Taut & Hoffman, an architecture firm in Berlin, In th ...
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
The Free German Trade Union Federation ( or ''FDGB'') was the sole national trade union centre of the German Democratic Republic (GDR or East Germany) which existed from 1946 to 1990. As a mass organisation of the GDR, nominally representing al ...
. It has since been used as a commercial office building.
See also
*
Reichs-Kredit-Gesellschaft
The ''Reichs-Kredit-Gesellschaft'' (RKG, ) was a significant state-owned German bank, located in Berlin.
History
The RKG originated in the war economy of Germany during World War I. In 1917, the Reich Treasury established a Statistical Office ...
Notes
External links
*
1924 establishments in Germany
Companies based in Berlin
Companies of Prussia
Organizations established in 1924
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