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- Title
Die Deutsche Evangelische Heimstättengesellschaft (Devaheim).
- Authors
Körnert, Jan; Grube, Klemens
- Abstract
This article reports on the corruption within the Deutsche Evangelische Heimstättengesellschaft, a German building and loan society in Devaheim, Germany that was connected to the Lutheran church, during the Weimar Republic, the parliamentary republic in Germany during the early 1900s. The author claims that the Deutsche Evangelische Heimstättengesellschaft (also known as the Bausparkasse Devaheim) was initially successful because of housing shortages, that the building society failed because of unprofessional management and nepotism, and that the people in charge of the society were punished for their questionable business practices and mismanagement. Also mentioned is why the Bausparkasse Devaheim's success spawned hundreds of similar businesses to be created from 1924 to 1931.
- Subjects
GERMANY; WEIMAR Republic, 1918-1933; SAVINGS &; loan associations; SAVINGS bank failures; BUSINESS failures; LUTHERAN Church &; state; CORPORATE corruption; HISTORY of church &; state; GERMAN economy, 1918-1945; BUSINESS ethics; CORRUPTION; HISTORY; TWENTIETH century
- Publication
Zeitschrift für Unternehmensgeschichte, 2011, Vol 56, Issue 1, p3
- ISSN
0342-2852
- Publication type
Article