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Banking
International Banking Institutes
timeline
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Due to suppression of Jews in Russia during the rule of Czar Nicholas II a world wide boycott was launched against the country. The boycott movement was headed up by Jacob Schiff, and it lasted all the way toward the end of world war II when the Monarchy fell.
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Using his banking contacts he was able to get Japan one hundred million dollars to pay for the war efforts with Russia. This combined with the lack of loans to Russia that Schiff was also behind was the major factor of Japan’s winning of the war with Russia.
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Quote: “Half a dozen men at the top of the Big Five Banks could upset the whole fabric of government finance by refraining from renewing Treasury Bills”
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Fritz Thyssen buys a palace for the Nazi party. It was purchased with money from the Bank voor Handel en Scheepvarrt in Rotterdam.
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The two banking giants merge together in a merger that joined the powerful Harriman railroad and banking family with the Brown banking family.
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In a meeting arranged by Goering, Hitler gets to preach his party line to top banker Hjalmar Schacht, and German Industrialist Fritz Thyssen. Both became major financial backers of the Nazi party.
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After three weeks of being appointed as president of the Reichsbank by Hitler Schacht gives the German government a check for $70 million dollars. The money was used to pay down some of Germany’s mounting foreign debt.
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After three weeks of being appointed as president of the Reichsbank by Hitler Schacht gives the German government a check for $70 million dollars. The money was used to pay down some of Germany’s mounting foreign debt.
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Morgan Grenfell switches from a privately owned bank to an incorporated one.
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Under the Trading with the Enemy act Executive Order Number 9095 seizes Thyssen’s American arm of his finances -the Union Banking Corporation.