Description - War Crimes of the Deutsche Bank and the Dresdner Bank by Christopher Simpson
In November 1946, US Government financial experts concluded that Germany's most powerful banks had to be liquidated if lasting peace was to be achieved. The giant Deutsche and Dresdner Banks had completely intertwined themselves with the Nazi regime and were directly responsible for the systematic theft of Jewish property, slave labour and financing the construction of concentration camps. As the Americans in the finance Division of the Office of Military Government (US) OMGUS saw things at the time, the bank leaders should be been tried as war criminals and barred from ever holding any positions of importance in German political or economic life. The US Government buried the 500+ page report in classified files, which gathered dust for decades, and the recommendations were never implemented. In fact, many of the officials went on to be some of the most important figures in German economic development - and by extension, European economic development - in the post-war period. Today, the Deutsche Bank is the largest financial institution in the world and the Dresdner Bank is not far behind.
In The War Crimes of the Deutsche Bank and the Dresdner Bank, Christopher Simpson reveals the behind-the-scenes story of the report and has carefully edited the report, adding notes and explanatory material, to make it accessible to a wide range of readers. He analyses the report in light of today's bitter debates over the culpability of German corporations during the Holocaust, and how historical memory is to be defined.
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