DocuWatch on Facebook
Art America Britain History Science Societies War Shop
DocuWatch

Banking With Hitler

« Armenian Genocide

Black Hawk Down »

Description

Frim Wikipedia

Banking With Hitler

The BIS was formed in 1930, the main actors in the establishment of the BIS were the then Governor of The Bank of England, Montague Norman and his German colleague Hjalmar Schacht, later Adolf Hitler's finance minister. The Bank was originally intended to facilitate money transfers arising from settling an obligation arising from a peace treaty. After World War I, the need for the bank was suggested in 1929 by the Young Committee, as a means of transfer for German reparations payments - see Treaty of Versailles. The plan was agreed in August of that year at a conference at the Hague, and a charter for the bank was drafted at the International Bankers Conference at Baden Baden in November. The charter was adopted at a second Hague Conference on January 20, 1930.

The original board of directors of the BIS included two appointees of Hitler, Walter Funk a prominent Nazi official, and SS officer Oswald Pohl, both convicted at the Nuremberg trials after world war II, as well as Herman Schmitz the director of IG Farben and Baron von Schroeder, the owner of the J.H.Stein Bank, the bank that held the deposits of the Gestapo.

After the Second World War, in 1944 at the Bretton Woods Conference The BIS became the crux in a fight that broke out between the Americans, Harry Dexter White, Secretary of the Treasury Henry Morgenthau, and the British delegation headed by John Maynard Keynes and Chase Bank representative Dean Atchison, who tried to veto the dissolution of the bank.

As a result of allegations that the BIS had helped the Germans loot assets from occupied countries during World War II, the United Nations Monetary and Financial Conference recommended the "liquidation of the Bank for International Settlements at the earliest possible moment." This task, which was originally proposed by Norway and supported by other European delegates, as well as the United States and Morgenthau and White, was never undertaken.

Other videos in channel "Single Docs":

Afghanistan: War Without an End Afghanistan: War Without an End Ancient Inventions - War And Conflicts Ancient Inventions - War And Conflicts Armenian Genocide Armenian Genocide
Banking With Hitler Banking With Hitler Black Hawk Down Black Hawk Down
Breaking The Silence Breaking The Silence Cambodia, The Betrayal  Cambodia, The Betrayal Clash Of The Worlds - Indian Mutiny Clash Of The Worlds - Indian Mutiny
Clash Of The Worlds - Sudan Clash Of The Worlds - Sudan Clash of the Worlds: Palestine Clash of the Worlds: Palestine
Dead In The Water - The Sinking of the USS Liberty Dead In The Water - The Sinking of the USS Liberty Dispatches - Beneath The Veil Dispatches - Beneath The Veil Early Russian Inteligence Early Russian Inteligence
Fifty Years War Fifty Years War Fighting the Taliban Fighting the Taliban Holy War Inc. Holy War Inc.
Indonesian War of Independence 1945-1949 Indonesian War of Independence 1945-1949 Industrialization and Conflict Industrialization and Conflict Iran-Iraq war Iran-Iraq war
Journey Through the Indian Revolution Journey Through the Indian Revolution Mao Bloody Revolution Mao Bloody Revolution Naval Warfare Naval Warfare
Pol Pot Pol Pot Raid On The Reactor Raid On The Reactor Saddams's Killing Fields Saddams's Killing Fields
Six Day War Six Day War Soviet Afghan War Soviet Afghan War Srebrenica - A Cry From The Grave Srebrenica - A Cry From The Grave
Sun Tzu Sun Tzu The Century of Warfare The Century of Warfare The Death of Yugoslavia The Death of Yugoslavia
The First Indochina War 1950 - 1954 Vietnam The First Indochina War 1950 - 1954 Vietnam The Fog Of War The Fog Of War The Killing Of Kashmir The Killing Of Kashmir
The Killing Zone The Killing Zone The Most Secret Place On Earth The Most Secret Place On Earth The Other Side Of Suez The Other Side Of Suez
The Quran & The Kalashnikov The Quran & The Kalashnikov The Smell Of Paradise The Smell Of Paradise The Struggle For Peace In The Middle East The Struggle For Peace In The Middle East
The Truth About Communism The Truth About Communism The War in October The War in October War By Other Means War By Other Means
Wars Of The CIA Wars Of The CIA Welcome to North Korea Welcome to North Korea Yugoslavia - The Avoidable War Yugoslavia - The Avoidable War
Video channels
Videos in this channel
AdSense
Featured
Featured
Featured
Featured
Featured
Featured