B'nai B'rith in Scandinavia
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Managing Political Risk in Global Business: Beiersdorf 1914-1990
Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski Working Paper 12-003 July 22, 2011 Copyright © 2011 by Geoffrey Jones and Christina Lubinski Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski 1 Abstract This working paper examines corporate strategies of political risk management during the twentieth century. It focuses especially on Beiersdorf, a German-based pharmaceutical and skin care company. During World War 1 the expropriation of its brands and trademarks revealed its vulnerability to political risk. Following the advent of the Nazi regime in 1933, the largely Jewish owned and managed company, faced a uniquely challenging combination of home and host country political risk. The paper reviews the firm's responses to these adverse circumstances, challenging the prevailing literature which interprets so-called "cloaking" activities as one element of businesses’ cooperation with the Nazis. The paper departs from previous literature in assessing the outcomes of the company’s strategies after 1945. It examines the challenges and costs faced by the company in recovering the ownership of its brands. While the management of distance became much easier over the course of the twentieth century because of communications -
Diplomacy & Statecraft JM Keynes and the Personal Politics of Reparations
This article was downloaded by: [Professor Stephen Schuker] On: 23 November 2014, At: 19:47 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Diplomacy & Statecraft Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/fdps20 J.M. Keynes and the Personal Politics of Reparations: Part 1 Stephen A. Schuker Published online: 30 Aug 2014. To cite this article: Stephen A. Schuker (2014) J.M. Keynes and the Personal Politics of Reparations: Part 1, Diplomacy & Statecraft, 25:3, 453-471, DOI: 10.1080/09592296.2014.936197 To link to this article: http://dx.doi.org/10.1080/09592296.2014.936197 PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently verified with primary sources of information. Taylor and Francis shall not be liable for any losses, actions, claims, proceedings, demands, costs, expenses, damages, and other liabilities whatsoever or howsoever caused arising directly or indirectly in connection with, in relation to or arising out of the use of the Content. -
Theory in Nazi Occupied Denmark Katherine Greenwood [email protected]
Seton Hall University eRepository @ Seton Hall Seton Hall University Dissertations and Theses Seton Hall University Dissertations and Theses (ETDs) Spring 5-2016 “Not With an Iron Fist, But With a Velvet Glove”: The Go‘ od Germans’ Theory in Nazi Occupied Denmark Katherine Greenwood [email protected] Follow this and additional works at: https://scholarship.shu.edu/dissertations Part of the European History Commons Recommended Citation Greenwood, Katherine, "“Not With an Iron Fist, But With a Velvet Glove”: The Good‘ Germans’ Theory in Nazi Occupied Denmark" (2016). Seton Hall University Dissertations and Theses (ETDs). 2192. https://scholarship.shu.edu/dissertations/2192 “Not With an Iron Fist, But With a Velvet Glove”: The ‘Good Germans’ Theory in Nazi Occupied Denmark By Katherine Greenwood Submitted in partial fulfillment of the requirements for the degree: Master of Arts Department of History Seton Hall University May 2016 © 2016 Katherine Greenwood Table of Contents Abstract ........................................................................................................................................................... 1 Chapter I: “On principle we will do our utmost to make the operation appear as a peaceful occupation.” ................................................................................................................................. 3 Chapter II: “The canary bird of a murderer.” .............................................................................. 11 Chapter III: “I gather a situation -
World Council of Synagogues
World Council of Synagogues Proceedings of Eighth International Convention JERUSALEM—TEL AVIV ISRAEL June 22-25,1970 — 18-21 Sivan,5730 THE AMERICAN JEWISH COMMUTE! S31 a ustei n Library Officers 1968-1970 President MORRIS SPEIZMAN, U.S.A. Vice Presidents JUDAH DAVID, India RABBI MARCUS MELCHIOR, Denmark OSCAR B. DAVIS, England JOSE MIRELMAN, Israel PHILIP GREENE, U.S.A. LEON MIRELMAN, Argentina Secretary DR. JACOB B. SHAMMASH, U.S.A. Treasurer DAVID ZUCKER, U.S.A. Honorary President EMANUEL G. SCOBLIONKO, U.S.A. Directors-at-large W. ZEV BAIREY, Mexico ROBERTO MIRELMAN, Argentina GERRARD BERMAN, U.S.A. EMMANUEL E. MOSES, India CHAIM CHIELL, Israel RABBI MORTON H. NARROWE, Sweden RABBI ARMOND COHEN, U.S.A. MARCUS PEARLMAN, Brazil DAVID FREEMAN, Israel MARCOS PERELMAN, Peru DR. MIRIAM FREUND, U.S.A. HENRY N. RAPAPORT, U.S.A. JACK GLADSTONE, U.S.A. CHARLES ROSENGARTEN, U.S.A. BERT GODFREY, Canada MRS. SYD ROSSMAN, U.S.A. RABBI ISRAEL M. GOLDMAN, U.S.A. SAMUEL ROTHSTEIN, U.S.A. MRS. EVELYN HENKIND, U.S.A. LEON SCHIDLOW, Mexico DR. ALFRED HIRSCHBERG, Brazil ARTHUR J. SIGGNER, Canada FRITZ HOLLANDER, Sweden PROF. ERNST SIMON, Israel VICTOR HORWITZ, U.S.A. RABBI RALPH SIMON, U.S.A. VICTOR LEFF, U.S.A. JERRY SUSSMAN, U.S.A. ARTHUR J. LEVINE, U.S.A. DR. GIANFRANCO TEDESCHI, Italy DR. LOUIS LEVITSKY, U.S.A. ADOLFO WEIL, Argentina GEORGE MAISLEN, U.S.A. VICTOR ZAGER, U.S.A. RABBI BENT MELCHIOR, Denmark Director MORRIS LAUB Director of Special Projects and Convention Director MRS. ADELE K. -
Keynesianism in Germany
2019 ASSA Conference January 4-6, Atlanta, GA Keynesianism: Its Rise, Fall and Transformation in Europe and North America Keynesianism in Germany Harald Hagemann University of Hohenheim, Stuttgart, Germany Keynesianism in Germany 1. Keynes in the Weimar Republic 2. The wage-employment debate in Germany and in the UK 3. The German edition of The General Theory: Controversies on the preface 4. Post WWII 1. Economic Theory Erich Schneider 2. Economic Policy Karl Schiller 5. Keynes Gesellschaft (since 2003) 2 1. Keynes in the Weimar Republic Keynes had been a central point of reference in economic debates in Weimar Germany ever since his publication of The Economic Consequences of the Peace. Die wirtschaftlichen Folgen des Friedensvertrags (1920) In 1919 Keynes befriended Carl Melchior (Warburg Bank, Hamburg) Chairman of the German finance delegation at Versailles Keynes essays (51) published in Der Wirtschaftsdienst edited by Kurt Singer (1920-27) and Eduard Rosenbaum (1927-33) 3 2. The wage-employment debate in Germany and the UK There had been many parallels in the debates on the wage-employment nexus between Germany and Britain in the years 1929-32. This topic also matters for some controversies which center on an important paragraph at the end of Keynes´s Preface to the German edition of the General Theory. Germany: Reparation payments: Necessity to generate export surpluses Britain: Return to the gold standard at pre-WWI parities Keynes (1925): ‘The Economic Consequences of Mr. Churchill’ Keynes: ‘The Question of High Wages’ (1930) advocated squeezing the higher wages out of increased efficiency, i.e. relative instead of absolute wage reductions to regain international price competitiveness 4 The watershed year 1933 J.M. -
Reparations Plan and Bank for International Settlements
June 1930 358 FEDERAL RESERVE BULLETIN JUNE, 1930 FOREIGN BANKING AND BUSINESS CONDITIONS REPARATIONS PLAN AND BANK FOR INTERNATIONAL SETTLEMENTS The "new plan" embodying the experts' Italy.—Signor Bonaldo Stringher, governor of report of June 7, 1929/ the protocol of August the Bank of Italy; Prof. Alberto Beneduce, 31, 1929,2 and The Hague agreements of deputy in the Italian Parliament and member January 20, 1930 ?—altogether constituting a of the organization committee of the Bank for final settlement of reparations and other finan- International Settlements. cial claims arising out of the World War4—went Japan.—Mr. Tetsunosuke Tanaka, London into force on May 17, 1930.5 representative of the Bank of Japan and mem- The Bank for International Settlements ber of the organization committee of the Bank created by the plan received its charter from for International Settlements; Mr. Daisuke Switzerland on February 25, 1930. On Feb- Nohara, London manager of the Yokohama ruary 26 the governors of the central banks of Specie Bank. Belgium, England, France, Germany, and Formal invitations were at the same time Italy, and a representative of the governor of sent to Mr. Gates W. McGarrah, chairman of the Bank of Japan met at Rome and appointed the board of the Federal Reserve Bank of New the following board of directors for the bank: York, and Mr. Leon Fraser, New York attorney Belgium.—M. Louis Franck, governor of the and former general counsel for the Dawes plan, National Bank of Belgium and member of the to become the representatives from the United organization committee of the Bank for Inter- States on the board. -
4Th Annual Report of the Bank for International Settlements
BANK FOR INTERNATIONAL SETTLEMENTS FOURTH ANNUAL REPORT APRIL 1, 1933 - MARCH 31, 1934 BASLE May 14, 1934 TABLE OF CONTENTS Page I. Introductory 5 II. The Bank and the Monetary Problems before the London Conference 9 III. A Record Year in Gold Production, Gold Movements and Gold Hoarding 18 IV. The Volume of International Short-term Indebtedness and the Trend of Interest Rates:— (a) International Short-term Indebtedness 27 (b) Trend of Interest Rates 29 V. Developments affecting Central Banking during the Year 32 VI. Trustee and Agency Functions of the Bank:— (a) Government International Loans 37 (b) Government Annuity Payments 45 VII. Deposits and Investments ; Central Bank Credits ; Share Capital ; Net Profit; Composition of Board of Directors 47 VIII. Conclusion 53 ANNEXES I. Central Banks or other banking institutions allotted shares in the capital stock of the Bank. II. Personnel — March 31, 1934. III. Balance Sheet as at March 31, 1934. IV. Profit and Loss Account and Appropriation Account for the financial year ended March 31, 1934. V. Fiscal Agent of the Trustees for the German External Loan 1924: (a) Statement of receipts and payments for the Ninth Loan Year. (b) Statement of funds in the hands of depositaries as at October 15, 1933. VI. Fiscal Agent of the Trustees for the German External Loan 1924 — Interim statement of receipts and payments for the half-year ended April 15, 1934. VII. Trustee for the German Government International 5y2% Loan 1930:— (a) Statement of receipts and payments for the Third Loan Year. (b) Statement of funds in the hands of depositaries as at June 1, 1933. -
The Expropriation of German Property in the Versailles Treaty
Journal of the history of International Law 22 (2020) 507–535 brill.com/jhil ‘A Retrograde Tendency’: The Expropriation of German Property in the Versailles Treaty Nicholas Mulder Department of History, McGraw Hall, Cornell University, Ithaca, NY [email protected] Received: 20 March 2019 | Revised: 30 September 2019 | Accepted: 13 November 2019 | Published Online: 17 July 2020 Abstract This article explores how the Versailles Treaty was shaped by the effects of econom- ic warfare 1914–1919. The First World War was in part an Allied economic war waged against the Central Powers in conditions of advanced economic and financial global- ization. This was reflected in the treaty’s expropriation mechanisms, which were used to take control of German property, rights, and interests around the world. Whereas Articles 297 and 298 of the treaty legalized wartime seizures, the Reparations Section of the treaty also contained a provision, paragraph 18, that gave the Allies far-reaching confiscatory powers in the future. The article places these mechanisms in a wider po- litical, legal and economic context, and traces how they became a bone of contention among the former belligerents in the interwar period. Keywords Treaty of Versailles – First World War – economic warfare – expropriation – property rights – sanctions – reparations The Treaty of Versailles concluded between Germany and the Allied and Associated Powers in 1919 was more than just a European peace settlement.1 It rearranged significant elements of the world economy through international 1 225 Consolidated Treaty Series (C.T.S.) 188. © Nicholas Mulder, 2020 | doi:10.1163/15718050-12340136 This is an open access article distributed under the terms of the CC BY 4.0Downloaded license. -
Select List of References on the Monetary Question
LIBEARY OF CONGRESS SELECT LIST OF REFERENCES ON THE MONETARY QUESTION COMPILED BY HERMANN H. B. MEYER CHIEF BIBLIOGRAPHER AND WILLIAM ADAMS SLADE CHIEF OF PERIODICAL DIVISION WASHINGTON GOVERNMENT PRINTING OFFICE 1913 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L. 0. card, 13—35020 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TABLE OF CONTENTS Page Prefatory note 3 Banking and currency: Bibliography 5-7 General 8-25 International banking 26-27 Congresses 28-30 Banking and currency in foreign countries: Austria-Hungary 31-32 Belgium 32-33 Canada 33-37 China 37-38 France 38-43 Germany 43-55 Great Britain 55-80 Scotland 80-81 Italy 81-82 Japan .J 82-83 Mexico 83-84 The Netherlands 84 Russia 85 Scandinavian countries 85-86 Spain 86 Switzerland 86-88 Other countries 88-89 Colonial and foreign money and banking 89-91 Banking and currency in the United States: General 92-112 Public finance 112-116 First and second banks of the United States 116-119 Independent treasury and deposit of public money 120-123 National banking system 123-128 State banks and banking 129-137 Trust companies 137-140 Present day problems 140-181 Crises (Panics) 181-195 Guaranty of bank deposits 196-204 Credit and credit instruments 205-213 Clearinghouses 214-218 Foreign exchange 219-224 Author index 225-238 Subject index « 239-247 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. -
Antony C. Sutton – Wall Street and the Rise of Hitler
PREFACE This is the third and final volume of a trilogy describing the role of the American corporate socialists, otherwise known as the Wall Street financial elite or the Eastern Liberal Establishment, in three significant twentieth-century historical events: the 1917 Lenin- Trotsky Revolution in Russia, the 1933 election of Franklin D. Roosevelt in the United States, and the 1933 seizure of power by Adolf Hitler in Germany. Each of these events introduced some variant of socialism into a major country — i.e., Bolshevik socialism in Russia, New Deal socialism in the United States, and National socialism in Germany. Contemporary academic histories, with perhaps the sole exception of Carroll Quigley's Tragedy And Hope, ignore this evidence. On the other hand, it is understandable that universities and research organizations, dependent on financial aid from foundations that are controlled by this same New York financial elite, would hardly want to support and to publish research on these aspects of international politics. The bravest of trustees is unlikely to bite the hand that feeds his organization. It is also eminently clear from the evidence in this trilogy that "public-spirited businessmen" do not journey to Washington as lobbyists and administrators in order to serve the United States. They are in Washington to serve their own profit-maximizing interests. Their purpose is not to further a competitive, free-market economy, but to manipulate a politicized regime, call it what you will, to their own advantage. It is business manipulation of Hitler's accession to power in March 1933 that is the topic of Wall Street and the Rise of Hitler. -
Western Europe
Western Europe Great Britain T. HE MAJOR political event of the year was the general election. Held in October1H , it brought the Labor party to power with a majority of four. As Labor could depend on the six Liberal votes on most issues, they had an adequate working majority, but not one that suggested five years of office. The new House of Commons contained 33 Jews (31 Labor, 2 Conservative). The Queen's speech at the opening of Parliament in November included a promise of action against race discrimination. Anti-colored sentiments had been played down during the election, except at Smethwick, in the Midlands, where supporters of the Conservative candidate exploited racial antagonisms. It was the only constituency where there was a major swing of votes to the Conservatives. The financial position of the United Kingdom had deteriorated during the election period, and the new government found itself faced by grave balance- of-payments problems, which it attempted to solve by imposing a 15-per-cent surcharge on imports. This greatly annoyed continental exporters, but failed to prevent a run on sterling. The government was forced to raise the bank rate to 7 per cent, and it secured credits of $3 billion from foreign central banks for use in defending the pound. Repayments of $62 million on United States and Canadian loans had to be deferred. It appeared that the "stop-go" ap- proach to the economy was again to prevail. After Prime Minister Harold Wilson visited President Lyndon B. Johnson in December, he declared that the "charade" of independent nuclear power had come to an end. -
Comparison of History and Fiction in Docudrama on Rescue of Danish Jews During the Holocaust
Comparison of History and Fiction in Docudrama on Rescue of Danish Jews during the Holocaust Rabbi Dr. Chaim Simons P. O. Box 1775 Kiryat Arba 9010000 [email protected] Introduction Numerous docudramas have been produced on historical events. In some cases, the contents closely resemble what actually occurred. In other cases, numerous fictional events are incorporated for dramatic effect. One such docudrama was produced relating the escape of Danish Jews to Sweden during the period of the Holocaust. In this paper, a detailed analysis will be made on this film to investigate which scenes are in fact historical and which are fictional. It must be stressed that this paper is not a comprehensive study of the rescue of Danish Jewry. Furthermore, historians discuss whether the Germans were aware of the Jews escaping to Sweden but in many cases closed their eyes to this fact, and this also includes Werner Best, the plenipotentiary appointed by Hitler to Denmark, who may have had political reasons to do so. All this is outside the scope of this paper. Brief Historical background One of the countries conquered by Nazi Germany during the early part of the Second World War was Denmark. For the first three years, Denmark was allowed to continue to run its own affairs and the Jews were not persecuted. All this changed in autumn 1943, when the Germans proclaimed martial law and plans were made to deport Denmark’s Jews in a surprise attack on the Friday night of the first of October, a few hours after the termination of Rosh Hashanah.