Functional Change of the Capital Market and the Stock Exchange, 1890 to 1935

Resource Type
Dataset : Survey and aggregate data
  • Harder, Erich
Publication Date
  • ZA:
    • Historical Studies Data
  • Abstract

    The study’s subject The author’s aim is to describe the functional changes of German capital markets and stock exchanges. First he describes characteristics of German capital markets as a place of balancing supply and demand. Then, further submarkets are analyzed in their function (for example the meaning of credit transactions and interest rates for investment activities of the economy, or by means of fixed interest securities and equity securities documented capital procurement). Starting point of the investigation is the period until 1924, a period without regulation activities of the state on the capital trade. This period was followed by increased requirements on capital due to the first World War and the inflation. The description closed with the consequences of political influence on processes of capital markets. The author tries to show the rise of the German capital market, it’s functionality and the restriction as an effect of the first World War (the state’s extremely high need for money), and the following hyperinflation using long time series data. The data deals with following subjects: Datatables in HISTAT (Topic: Money and Currency = Geld): A.01 Average Price Level of Fixed Rated Bond Issues (Durchschnittlicher Kursstand festverzinslicher Anleihen) A.02 German Financial Assets from 1893 to 1913 (Das deutsche Geldvermögen zwischen 1893 und 1913) A.03 Foundation of Stock Corporations between 1870 and 1928 (Gründung von Aktiengesellschaften zwischen 1870 und 1928) A.04 Branches of German Major Banks between 1900 and 1918 (Niederlassungen der deutschen Großbanken in Deutschland zwischen 1900 und 1918) A.05 Deposits stock of German Banks in Mill. Mark between 1872 and 1910 (Depositenbestand der D-Banken in Mill. Mark zwischen 1872 und 1910) A.06 Importance of the Banks for financing investments: by capital issue raised capital sum between 1889 and 1904 (Bedeutung der Banken für die Investitionsfinanzierung: durch Emissionen aufgebrachte Kapitalsummen von 1889 bis 1904) A.07 Bank rate of the German Reichsbank between 1924 and 1930 (Der Diskontsatz der Deutschen Reichsbank (Jahresdurchschnitt) zwischen 1924 und 1930) A.08 Capital Market Interest for Fixed Rate Issues in Germany, United States, Switzerland and The Netherlands in 1925 and between 1928 and 1930 (Der Kapitalmarktzins für festverzinsliche Wertpapiere in Deutschland, USA, Schweiz und Holland für 1925, 1928 und 1930) A.09 Development of Savings and Deposits of German Savings Banks in Mill. Mark between 1924 and 1933 (Entwicklung der Spar- und Geldeinlagen der deutschen Sparkassen in Mill. Mark zwischen 1924 und 1933) A.10 Development of Savings and Deposits in German Savings Banks between 1933 and 1937 (Entwicklung der Spareinlagen bei den deutschen Sparkassen zwischen 1933 bis 1937) A.11 Depts of Communities and associations of local authorities, 1928 – 1930 (Die Schulden der Gemeinden und der Gemeinde-Verbände, 1928-1930) A.12 Capital Assets of Insurances in Mill. Reichsmark between 1932 and 1936 (Die Kapitalanlage der Versicherungen in Mill. Reichsmark zwischen 1932 und 1936) A.13 Number of dealt Papers on the Berlin Stock Market and the Papers‘ Prices between 1931 and 1935 (Zahl der an der Berliner Börse gehandelten Papiere, Kurse und Dividenden der gehandelten Papiere zwischen 1931 und 1935)
Temporal Coverage
  • 1890 / 1935
Geographic Coverage
  • German Reich (1871-1945) (DXDE)
    German Empire in its borders of 1937
Data and File Information
  • Unit Type: Text Unit
    Number of Units: 45
    Number of Variables: 97
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Alternative Identifiers
  • ZA8538 (Type: ZA-No.)

Update Metadata: 2021-04-07 | Issue Number: 20 | Registration Date: 2014-08-08