Language:
English
Year of publication:
2013
Titel der Quelle:
Business in the Age of Extremes
Angaben zur Quelle:
(2013) 172-188
Keywords:
Holocaust, Jewish (1939-1945) Economic aspects
;
Jewish property
;
Aryanization
;
Antisemitism History 1933-1939
Abstract:
In 1933-38, before the onset of compulsory Aryanization by the Nazi state, Aryanization transactions retained the appearance of private business deals carried out according to established forms. However, despite the veneer of legality and "business as usual", the Nazi anti-Jewish policies intervened in these practices to the advantage of the "Aryan" purchasers and to the detriment of Jewish business owners. In many cases, the purchasers simply ignored standards of business conduct. Examines the practice of appraising the value of Jewish-owned businesses; its techniques changed under the influence of the discriminatory business conditions. In many cases, Jewish businesses were assessed at their liquidation value; a common practice was paying for assets only, disregarding the firm's goodwill. The ongoing boycott of Jewish-owned firms also led to lowering their prices, under the pretext that their products were not in demand. The authorities, both central and regional, increasingly intervened in price negotiations, and the stance of the accountants and experts pertaining to the transactions was increasingly partisan. A common practice was also reducing the price retroactively after a contract had been signed, under the pretext of "shortcomings" that the Jewish seller had allegedly concealed. From 1938, Aryanization degenerated into simple theft of Jewish businesses.
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