Do national issues and ethnicity play a role in finance, or does the financial world operate transnationally? This research project examines this question on the basis of the bank Georg Scheel & Co.
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Using the example of the most important Baltic-German bank of the interwar period in 
Estonia
deu. Estland, est. Eesti

Estonia is a country in north-eastern Europe and geographically it belongs to the Baltic States. The country is inhabited by about 1.3 million people and borders Latvia, Russia and the Baltic Sea. The most populated city and capital at the same time is Tallinn. Estonia has been independent since 1991 and is a member of the European Union.

, Bankhaus Georg Scheel & Co, this project examines how the Baltic-German minority was deeply involved with national and international institutions and networks during the interwar period. The bank knew how to use its national and international contacts to become one of the most important financial organizations in the young republic. Illegal gold transactions from the 
Soviet Union
deu. Sowjetunion, rus. Sovetskiy Soyuz, rus. Советский Союз

The Soviet Union (SU or USSR, Russian: Союз Советских Социалистических Республик (СССР) was a state in Eastern Europe, Central and Northern Asia existing from 1922 to 1991. The USSR was inhabited by about 290 million people and formed the largest territorial state in the world, with about 22.5 million square km. The Soviet Union was a socialist soviet republic with a one-party system.

 played just as important a role as the procurement of loans from Germany and close cooperation with the institutions of the German-Baltic minority as well as the Estonian political and economic elites.
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