Henry Strakosch

Sir Henry Strakosch ( born May 10, 1871 in Hohenau an der March, Lower Austria, † October 30, 1943 in London) was a British- Austrian banker and businessman of Jewish descent. He was since 1924 Chairman of the South African mining company Union Corporation.

Life and work

Henry Strakosch was born in 1871 as a scion of the Austrian family business Strakosch. His parents were the merchant Eduard Strakosch and his wife Mathilde, born Winterstein. In his youth Strakotsch visited the Vasa -Gymnasium in Vienna. He then worked at the Anglo - Austrian Bank to emigrate to South Africa in the 1890s.

In 1907 Strakosch to British citizenship. With advancing age, he held various important offices in the British financial world: in the years 1925 and 1926 he was part of the " Royal Commission on Indian Currency and Finance" (Royal Committee on Currency and Finance of India) at. Between 1930 and 1937 Strakosch also sat in the British Council for India before he acted as advisor to the British India Minister from 1937 to 1942.

In his role as advisor to the South African government in financial matters he was the author of the South African Currency and Banking Act. From 1929 to 1943 he was also CEO of The Economist.

Donors Churchills

1938 beglich Strakosch the private debts of Winston Churchill. Because of Strakosch Jewish descent, this was later led by the National Socialists as evidence for the compounds of Judaism in British politics. Bernard Baruch, powerful Jewish banker and friend of Churchill, had given this stock recommendations, which failed. Churchill had become insolvent by this stock speculation in the spring of 1938. The price of its U.S. equities had declined rapidly because of the Roosevelt recession. The borrowed money for it could not pay back to the bank Churchill. Since Henry Strakosch appeared on the scene, paid the debt and took over for the decline in shares. Churchill's loss of 12,000 pounds in 1938 corresponds to the loss of about $ 500,000 in 2005.

Writings

  • The South African Currency and Exchange problem, Johannesburg 1920.
  • The South African Currency and Exchange problem Re - Examined, Johannesburg 1922.
  • Financial Stability and the Gold Standard, London 1928.
  • A Financial Plan for the Prevention of War, London, 1929.
  • The Crisis. A memorandum supplement to The Economist bom January 9, 1932.
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