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![]() ![]() In 1929, the committee, under the chairmanship of Owen D. He was awarded the Nobel Peace Prize for 1925. Sir Montagu Norman, Governor of the Bank of England for many years, was a partner of Brown, Shipley and Company, & 30th vice president of the United States from 1925 to 1929. Hjalmar Schacht co-founder in 1918 of the German Democratic Party, & Currency Commissioner and President of the Reichsbank. ![]() He was the director of the United States Bureau of the Budget in 1921 and later served on the Allied Reparation Commission in 1923 ![]() It was a board tasked with a plan to implement the reparations. ![]() Dawes CFR member in which the Dawes Committee was named after. He was a member of the Economic and Financial Section of the League of Nations Secretariat from 1920 to 1928.Ĭharles G. See More International Monetary Fund IMF. Per Jacobssen who was eventually named managing director of the There were several very powerful individuals who played a role in the founding of BIS. The Bank For International Settlements was created on "May 17, 1930" to handle the WW2 reparations placed on Germany under the Treaty of Versailles called the Young Plan. In this first in a series of Hidden History Half Hour episodes I explore the history of perhaps the most important financial institution in the world. ![]()
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