Mises Wire
Author:
John Kennedy
Online Publish Date:
On January 18, 1871, the German Empire was established after a seven-year conflict to unite the German confederacies. Prussia, a northern German state on the Baltic Sea would be the nation to unite Germany under a central ruler, Kaiser Wilhelm I. The central bank of Prussia, the “Reichsbank,” would assume control on January 1, 1876. While the gold