Reconstruction and Cold War in Germany: The Kreditanstalt Für Wiederaufbau
At the end of the Second World War Germany was devastated; her cities lay in ruins, industrial output was minimal, the economy was in tatters and her territories divided into four zones, each governed by one of the main Allied powers. Yet the rapid onset of the Cold War ensured that the western powers needed to reestablish a strong West German state to act as a bulwark against Soviet influence. In this study the critical role of the Kreditanstalt fur Wiederaufbau (KfW) in this process is closely examined. Established by the Anglo-American occupying powers in 1948, the main remit of the KfW was to provide investment for German industry, to help kick-start the economy. Its particular function was to provide loans to key industries that the commercial banks considered too risky or which offered unacceptably low returns. Yet as this study makes clear, its work was from the outset highly politicized, and its role in German reconstruction went much further than simply providing funds for capital investment. viewed in Washington as an essential tool in the wider Western response to the challenges of Soviet communism. As is shown throughout the book, this dual role inevitably caused some difficulties, as national interests could be overridden in favour of Cold War considerations. As Germany's post-war economy revived, this led to further tensions between an increasingly prosperous and self-confident West Germany and the continued interference of the Allied powers, particularly the USA, who had their own Cold War agenda. Utilizing archives in Germany, Britain and the United States, Dr Grunbacher has provided a clear synthesis of this multi-faceted and complex subject. By approaching the economic development of Federal Germany through the locus of the KfW, he offers a fascinating insight into the interactions of economics, politics and ideology that will be welcomed by all scholars with an interest in the reconstruction of post-war Europe.
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The Cold War Developments and the Political and Economic
The Foundation of the Kreditanstalt and its First Action
Task Senior Staff Internal Structure and Ways of Operation
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Abelshauser Adenauer administration agreement agriculture Allied Americans basic industries became Berlin BEWAG BiCO Bizone BMWi Board of Directors bonds British Bundestag capital market cent coal mining Cold companies counterpart funds countries currency reform demand Deutsche Deutsche Bank Deutsche Bundesbank development aid draft dwellings Economics Ministry electricity Erhard establishment European export finance federal government Federal Republic foreign GARIOA German economy German exports Germany's HA-BA Sch HA-Prot HA-VS Hallstein Doctrine housing construction important increased influence interest Investitionshilfe investment iron and steel KfW law KfW letter KfW's Korean Kreditanstalt fur Wiederaufbau Lander loans long-term Ludwig Erhard Marshall Plan meeting Military Government miners Minister Nazi Neubaur OMGUS output plants political production programme projects Protokoll reconstruction process refugees Schniewind sectors share situation Sitzung Soviet steel industry supply trade West Berlin West Germany western Yugoslavia