Swiss Banking pp 175-198 | Cite as

The End of an Era

  • Hans Bauer
  • Warren J. Blackman


The titles we have chosen for this part and this chapter must appear trite or even ‘over-dramatic’ to those of the current generation. However, the year 1914, and the ensuing holocaust of war, did indeed mark the end of an entire political and economic system in the European world as empires crumbled and the map of Europe was re-drawn. Not so many, however, might realise that the monetary and banking systems of that world which had, by the year 1914, reached a peak of efficiency were to collapse into confusion and chaos. It is in this context that these titles are appropriate.


Banking System Federal Reserve Foreign Currency Saving Bank Swiss Franc 
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  1. 16.
    Friedman and Schwartz, A Monetary History of the United States, (VBER, Princeton University Press, 1963) Princeton, NJ, p. 219.Google Scholar

Copyright information

© The estate of the late Hans Bauer and Warren J. Blackman 1998

Authors and Affiliations

  • Hans Bauer
    • 1
  • Warren J. Blackman
    • 2
  1. 1.Swiss Bank CorporationSwitzerland
  2. 2.The University of CalgaryCanada

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