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German War Bonds (Read 548 times)
Feb 5
th
, 2006 at 5:20am
Flt.Lt.Andrew
Ex Member
If I were a German in WWII and I gave the government a war bond, would I have ever got my money back?
A.
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Reply #1 -
Feb 5
th
, 2006 at 5:04pm
Felix/FFDS
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If you were a German citizen, in Germany, and gave the (then) German government and bought a war bond, probably not.
If you were a German citizen, living in the US and bought a US War Bond, most probably, yes....
Felix/
FFDS
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Reply #2 -
Feb 6
th
, 2006 at 12:50am
Webb
Ex Member
I Like Flight Simulation!
Interesting question, and I've been wondering why someone didn't research it and give you a definitive answer. Maybe they are all as lazy as you and I.
Since we are open to wild speculation I suggest:
1. Bonds would have been purchased in pre-war Reichmarks. In 1945 a Reichmark was worth less than its value in toilet paper. Hence any bonds would be worthless.
2. A government bond is only as good as the government backing it. If the government ceases to exist the bonds are worthless - compare American Confederate currency and bonds, which are worth their historical value but nothing else.
3. It is possible that that the post-war government may have have accepted some responsibility to repay bonds. This is wild speculation but I doubt that the Marshall Plan would have included repaying
Nazi
bonds.
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Reply #3 -
Feb 6
th
, 2006 at 1:13am
myshelf
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i doubt anyone even tried to collect, as owning war bonds would indicate to be a supporter of the NAZI cause.
the reasonable man adjusts to his souroundings, while the unreasonable man insists on adjusting his souroundings to him.&&&&therefore all progress is due to the unreasonable man.
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Reply #4 -
Feb 6
th
, 2006 at 2:22am
Webb
Ex Member
I Like Flight Simulation!
I think you misunderstand the mindset of the average German citizen.
The average German citizen joined the Nazi party because he didn't have any choice. He couldn't keep his job if he didn't. He bought war bonds because it was the patriotic or obligatory thing to do.
Being a member of the Nazi party was no more significant than being a member of the Republican, Democratic, Labour, Liberal, etc. party
except that
if you weren't a member of the Nazi party you couldn't be employed and, in later years, would be presumed subversive.
If the average post-war German Nazi party member showed up at a bank seeking to cash in his bonds he would probably be told that they were worthless but nothing more.
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Reply #5 -
Feb 6
th
, 2006 at 2:48am
Hagar
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Quote:
Interesting question, and I've been wondering why someone didn't research it and give you a definitive answer. Maybe they are all as lazy as you and I.
Not that I'm lazy but for once I can't seem to come up with anything. I seem to recall problems with the British war bonds, let alone German ones.* I can't find anything on that either.
*PS. I can't say that I'm really surprised about that.
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Reply #6 -
Feb 6
th
, 2006 at 2:52am
Webb
Ex Member
I Like Flight Simulation!
You could always use CSA (Confederate States of America) bonds as an example.
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Reply #7 -
Feb 6
th
, 2006 at 8:10am
myshelf
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Colonel
I love YaBB 1G - SP1!
Posts: 295
Quote:
I think you misunderstand the mindset of the average German citizen.
The average German citizen joined the Nazi party because he didn't have any choice. He couldn't keep his job if he didn't. He bought war bonds because it was the patriotic or obligatory thing to do.
Being a member of the Nazi party was no more significant than being a member of the Republican, Democratic, Labour, Liberal, etc. party
except that
if you weren't a member of the Nazi party you couldn't be employed and, in later years, would be presumed subversive.
If the average post-war German Nazi party member showed up at a bank seeking to cash in his bonds he would probably be told that they were worthless but nothing more.
while it's true that many people just gotten themself war bonds (and the party book) because they were scared of what might happen to them if they don't, i doubt anyone hung on to those in the face of the denazification.
the reasonable man adjusts to his souroundings, while the unreasonable man insists on adjusting his souroundings to him.&&&&therefore all progress is due to the unreasonable man.
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