Prussian Bank
The Prussian Bank (also Königlich-Prussische Hauptbank ) was the central bank of Prussia from 1847 to 1871 and of the German Empire from 1871 to 1876 . It began its activity on January 1, 1847 and is the direct legal successor to the Royal Main Bank of Prussia.
The first president was the Prussian Minister of State Christian von Rother , who had previously worked in this position at the Royal Main Bank. The share capital was invested by the Prussian state with approx. 1.2 million Reichstaler and Prussian and non-Prussian privateers with 10 million Reichstaler, although the private sector could hardly exert any influence on the bank.
The most important challenge of the Prussian Bank was the establishment of an issuing monopoly of money in order to assert itself against other issuing banks in the smaller neighboring countries. In 1856 the bank finally received an unrestricted right to issue, and the competing banks were reduced in importance by political decisions, including a ban on foreign currency.
On January 1, 1876, it was incorporated into the newly established Reichsbank .
literature
- Jörg Lichter: Prussian central bank policy in the formation phase of the central bank system from 1844 to 1857 . Duncker & Humblot, Berlin, 1999 ISBN 3-428-09545-6
- Dieter Ziegler: Stone Age Central Bank Policy? A comparison of the Prussian Bank and the Bank of England . In: Geschichte und Gesellschaft , No. 4, 1993, pp. 475–505
- Marcus von Niebuhr: History of the Royal Bank in Berlin: From the establishment of the same (1765) to the end of 1845; from official sources . Berlin 1854 Digitization of the Bavarian State Library
- The largest commercial building in Prussia . In: The Gazebo . Issue 51, 1866, pp. 800–802 ( full text [ Wikisource ]).
