the nationality of all inhabitants of the czech provinces and ...

Chapter IV
1945, employed 65.3% of the active
population of the Protectorate. From the
beginning of the Protectorate, arms
orders from the German Reich often
exceeded the production capacity of the
Czech arms factories, so many
engineering plants were expanded,
particularly after 1941. This did not
involve only the large firms such as Škoda,
ČKD, Poldi Kladno and Ringhoffer, but
also smaller factories amounting to a total
of 527. Three hundred and thirty new
manufacturing facilities were brought on
stream, many of them transferred from
Germany or from other occupied
countries. The Protectorate’s industries
manufactured a wide range of materials
for the German army, such as munitions,
tanks, combat vehicles, aircraft engines,
rocket launchers, or components for the
V-1 and V-2 rockets, and the chemical
industry commenced production of
lignite-based synthetic fuels.
The Czech provinces made a large
contribution towards financing that arms
boom both through exports whose hardcurrency
profits were appropriated by the
Reich or through the financial
The Break up of Czechoslovakia and the Genesis
of the Transfer
136
operations described early that fuelled
inflation trends in the Protectorate.
Losses caused by the German
occupation and military events on the
territory of the Protectorate or the Czech
provinces was not inconsiderable, even
though, compared to other countries,
Czech industry, infrastructure, etc., was
not particularly damaged. Losses resulted
from the confiscation of gold and foreignexchange
reserves, from the foreign trade
Since time immemorial, victors have enjoyed belittling their enemies.This was how busts
of Czechoslovak leaders from confiscated schools and offices
were treated in the “Sudetenland”.
of the Protectorate, from trade with the
Reich and from the monetary policies of
the German occupation authorities. The
occupation authorities also exerted
pressure on the financial institutions to
purchase non-interest-bearing German
treasury bonds and promissory notes for
their financial surpluses, which resulted
from the increased savings of the
population, who had little to spend their
earnings on because of rationing. After
the war those bonds were worthless and
in some banks they absorbed over 40% of
entrusted deposits. After the war, the
government shouldered the burden of
them to prevent the collapse of the
monetary system. Those treasury bonds