Founded in 1870 to finance the growing German exports and imports, Deutsche Bank was soon moved to the domestic banking. In fact, the founders aimed to create a commercial bank and an investment bank under one roof -. "Universal bank", that is the end of the nineteenth century, Deutsche Bank was not only the largest bank in Germany, but also strategic actor in the broader European market and, indeed, in the world economy. During the first half of the twentieth century, however, the bank was faced with a series of national crises: the defeat in World War I (1914-1918), the revolution in 1919, hyperinflation in 1923, the economic depression in the early 1930 Hitler came to power in 1933, a new world war in 1939, and then a complete defeat in 1945. At the end of the Second World War, the Soviet Union closed the headquarters of Deutsche Bank in Berlin as part of their denazification efforts. Yet , the United States, Britain and France, which occupies the western part of Germany, tried to pursue a policy of economic decentralization, and broke what was left of the bank in small pieces. By 1950, faced with a proposal from leading German bankers, the big banks start to recreate itself, Allied Powers and the new German legislation had to decide whether to accept the offer or reject it. "Hide
by David A. Moss Source: Harvard Business School 27 pages. Publication Date: January 25, 2008. Prod. #: 708044-PDF -ENG
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