Struggle for survival
The First World War had interrupted the traditional trading business. As member of the
German peace and finance delegation, Carl Melchior (partner since 1917) took part in the peace
negotiations in Versailles. Max M. Warburg was a member of the German finance delegation. Both men
left their delegations because they viewed the reparation obligations as unacceptable. They advised
the imperial government not to sign the agreement.
| 1929 |
1929 In spite of the tense situation, the bank succeeded in increasing
its balance sheet total by 1929 t0 382 m marks. M.M.Warburg & Co. employed 289 people by this
date. The stock market crash of October 1929, which did not leave the bank unscathed, culminated in
a global economic crisis which went on until 1933
. |
