The Reichsbank: Germany’s Central Bank Lays Foundation Of Monetary Disaster – OpEd

By John Kennedy*

On January 18, 1871, the German Empire was established after a seven-year conflict to unite the German confederacies. Prussia, a northern German state on the Baltic Sea would be the nation to unite Germany under a central ruler, Kaiser Wilhelm I. The central bank of Prussia, the “Reichsbank,” would assume...