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Edward A. Tenenbaum and the Deutschmark

Edward A. Tenenbaum and the Deutschmark

How an American Jew Became the Father of Germany's Postwar Economic Revival

Carl-Ludwig Holtfrerich

Cambridge University Press
Publication date : 2024-10-31

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German industry had survived Allied bombing largely unscathed. Currency reform was necessary to provide incentives for capital owners and labor to produce. The abundance of old Reichsmarks had to be curtailed to a scarce supply of Deutschmarks that users would expect to retain value. It was Edward A. Tenenbaum, currency expert of US military government in Berlin since 1946, who managed the exceptionally successful currency reform in West Germany 1948, which was implemented by the legislative powers of the three Western Allies against opposition from West German financial experts. It was the foundation of West Germany's 'economic miracle.' The West German currency conversion is part of the founding myth of the Federal Republic of Germany. Yet Tenenbaum's pivotal role is largely unknown among the German public. Besides providing a full-blown biography of the true father of the currency reform, this book elevates Tenenbaum to his proper place in German history.

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About the book

Author

Carl-Ludwig Holtfrerich

Imprint

Cambridge University Press

Collection

n.c

Publication date

2024-10-31

Pages

n.c

Print ISBN

9781009492812

Language

English

Ebook informations

EAN PDF

9781009492799

Price

£48.52

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File size 12902 Ko

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EAN EPUB

9781009492775

Price

£48.52

Copy count 0

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File size 20572 Ko

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About author(s)

Carl-Ludwig Holtfrerich

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