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Mefo bills

Index Mefo bills

A Mefo bill (sometimes written as MEFO bill), named after the company Metallurgische Forschungsgesellschaft (Metallurgical Research Corporation), was a promissory note used for a system of deferred payment to finance the German rearmament, devised as a legal fraud by the German Central Bank President, Hjalmar Schacht, in 1934. [1]

16 relations: Adolf Hitler, Balance sheet, German re-armament, Gesellschaft mit beschränkter Haftung, Government bond, Government budget balance, Hjalmar Schacht, Interest rate, MEFO, Money market, Negotiable instrument, Oeffa bills, Promissory note, Reichsbank, Reichsmark, Treaty of Versailles.

Adolf Hitler

Adolf Hitler (20 April 1889 – 30 April 1945) was a German politician, demagogue, and revolutionary, who was the leader of the Nazi Party (Nationalsozialistische Deutsche Arbeiterpartei; NSDAP), Chancellor of Germany from 1933 to 1945 and Führer ("Leader") of Nazi Germany from 1934 to 1945.

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Balance sheet

In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.

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German re-armament

The German rearmament (Aufrüstung) was an era of rearmament in Germany during the interwar period (1918–1939), in violation of the Treaty of Versailles.

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Gesellschaft mit beschränkter Haftung

A Gesellschaft mit beschränkter Haftung (abbreviated GmbH and also GesmbH in Austria) is a type of legal entity very common in Germany, Austria, Switzerland (where it is equivalent to a société à responsabilité limitée) and Liechtenstein.

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Government bond

A government bond or sovereign bond is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the face value on the maturity date.

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Government budget balance

A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year.

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Hjalmar Schacht

Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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MEFO

MEFO was the more common abbreviation for (m.b.H., LLC), a dummy company set up by the Nazi German government to finance the German re-armament effort in the years prior to World War II.

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Money market

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

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Negotiable instrument

A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer usually named on the document.

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Oeffa bills

Öffa bills ("ö" is a Germanic umlaut that can be transcribed "oe") or job-creation bills were promissory notes created in 1932 by the German government.

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Promissory note

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

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Reichsbank

The was the central bank of Germany from 1876 until 1945.

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Reichsmark

The Reichsmark (sign: ℛℳ) was the currency in Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the Deutsche Mark, and until 23 June in East Germany when it was replaced by the East German mark.

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Treaty of Versailles

The Treaty of Versailles (Traité de Versailles) was the most important of the peace treaties that brought World War I to an end.

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Redirects here:

MEFO bills, Mefo bill, Metallurgische Forschungsgesellschaft.

References

[1] https://en.wikipedia.org/wiki/Mefo_bills

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