Language:
German
Year of publication:
2000
Titel der Quelle:
1999; Zeitschrift für Sozialgeschichte des 20
Angaben zur Quelle:
15,1 (2000) 64-116
Keywords:
Deutsche Bank
;
Dresdner Bank
;
Holocaust, Jewish (1939-1945) Economic aspects
;
Banks and banking History 20th century
;
Aryanization
;
Jewish property History 20th century
;
World War, 1939-1945 Conscript labor
Abstract:
Attempts to calculate the profits of the two banks from transactions related to the Holocaust, arriving at an estimate of at least 290 million RM (equivalent to ca. 2 billion DM today). A large source of profit was Aryanization, both in the Reich and in the occupied countries. The banks not only brokered and financed customers' takeover of Jewish property, earning interest and commissions, but also Aryanized property on their own account. They provided the permitted amount of foreign currency to Jews planning to emigrate, exchanging money from their blocked accounts; then they used the remainder of the blocked accounts for further profitable transactions. They administered Gestapo accounts deriving from household goods confiscated from deported Jews, and they financed SS enterprises and installations in Auschwitz. Both banks also held controlling shares in industries which used forced labor, including Jewish prisoners from the concentration camps.
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