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Robert Hale, London - - ISBN 0 [there are some minor typographical errors in this transcription] On a bright May morning inwhile young Americans were dying on the Italian beachheads, Thomas Harrington McKittrick, American president of the Nazi-controlled Bank for International Settlements in Basle, Switzerland, arrived at his office to preside over a fourth annual meeting in time of war.
Gold that had been looted from the national banks of Austria, Holland, Belgium, and Czechoslovakia, or melted down from the Reichsbank holding of the teeth fillings, spectacle frames, cigarette cases and lighters, and wedding rings of the murdered Jews.
Its existence was inspired by Hjalmar Horace Greeley Schacht, Nazi Minister of Economics and president of the Reichsbank, part of whose early upbringing was in Brooklyn, and who had powerful Wall Street connections.
Established under the Morgan banker Owen D. The Bank soon turned out to be the instrument of an opposite function. Among the directors under Thomas H. Farben, Baron Kurt von Schroder, head of the J.
Stein Bank of Cologne and a leading officer and financier of the Gestapo; Dr. Walther Funk of the Reichsbank, and, of course, Emil Puhl. His successor was the forty-three-year-old Leon Fraser, a colorful former newspaper reporter on the muckraking NewYork World, a street-corner soapbox orator, straw-hat company director, and performer in drag in stage comedies.
Fraser had little or no background in finance or economics, but he had numerous contacts in high business circles and a passionate dedication to the world of money that acknowledged no loyalties or frontiers. Other directors of the Bank added to the powerful financial group.
Vincenzo Azzolini was the accomplished governor of the Bank of Italy. Yves Breart de Boisanger was the ruthlessly ambitious governor of the Bank of France; Alexandre Galopin of the Belgian banking fraternity was to be murdered in by the Underground as a Nazi collaborator.
Secretary of the Treasury Henry Morgenthau, a deliberate, thorough, slow-speaking Jewish farmer who, despite, his origins of wealth, mistrusted big money and power. A model of integrity obsessed with work, Morgenthau considered it his duty to expose corruption wherever he found it.
He learned early in life that the land was his answer to the quest for a decent life in a corrupt society. He became obsessed with farming and, at the age of twenty-two, inborrowed money form his father to buy a thousand acres at East Fishkill, Dutchess County, New York, in the Hudson Valley, where he became Franklin D.
During World War I he and Roosevelt formed an intimate friendship.
Elinor Morgenthau became very close to her near namesake, Eleanor Roosevelt. While Roosevelt soared in the political stratosphere, Morgenthau remained rooted in his property.
|Early Middle Ages||Terminology[ edit ] Post usage of the term Eastern Bloc may be more limited in referring to the states forming the Warsaw Pactand Mongoliawhich are no longer communist states. Parting with the USSR inYugoslavia did not belong to the East, but also did not belong to the West, because of its socialist system and its status as a founding member of the Non-Aligned Movement.|
|The early modern age||New York City October 18, It is with proper pride that we dedicate this book to the often- unsung U.|
In the early s he published a newspaper called The American Agriculturist that pushed for government credits for farmers. Morgenthau showed great flair and a passionate commitment to the cause of the sharecropper.
Legend has it that on a freezing winter day inFDR and Morgenthau met and talked on the borderline of their two farms. Morgenthau is supposed to have said to Roosevelt, "Life is getting slow around here". Close to a thousand volumes of his official diaries in the Roosevelt Memorial Library at Hyde Park give a vivid portrait of his inspired conducting of his high office.
He was aided by an able staff, which he ran with benign but military precision. Unlike Morgenthau, White came form humble origins. Jewish also, he was the child of penniless Russian immigrant parents who were consumed with a hatred of the czarist regime.
He was opinionated and self-confident to a degree.§ Implementation of Texas Essential Knowledge and Skills for Social Studies, High School, Beginning with School Year The provisions of §§ of this subchapter shall be implemented by school districts beginning with the school year. It was recognised that few Third World countries could develop competitively viable export industries in the short term.
It was assumed, however, that if a range of protective tariffs and import restrictions were imposed on the import of particular commodities, local industries would . From this, it might be wondered why any rational government would engage in actions that cause or continue hyperinflation.
One reason for such actions is that often the alternative to hyperinflation is either depression or military defeat. The root cause is a matter of more dispute. § Implementation of Texas Essential Knowledge and Skills for Social Studies, High School, Beginning with School Year The provisions of §§ of this subchapter shall be implemented by school districts beginning with the school year.
An exploration of the nature and history of capitalism. Global capitalism, colonies and Third-World economic realities.
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria. Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo.
Many thanks to Hermes for the translation from initiativeblog.com