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The population at the time was around 50, By Stuttgart counted 91, inhabitants, and by the time Gottlieb Daimler invented the automobile in a small workshop in Cannstatt, the population had risen rapidly to , Stuttgart was proclaimed its capital.
In Stuttgart became the seat of the German National Government after the administration fled from Berlin.
The Allied ground advance into Germany reached Stuttgart in April The French army occupied Stuttgart until the city was transferred to the American military occupation zone in When the Federal Republic of Germany was founded on 23 May , Stuttgart, like Frankfurt, was a serious contender to become the federal capital, but finally Bonn succeeded.
Frankfurt am Main is located about 38 kilometers to the east. The highest point of the Wiesbaden municipality is located northwest of the city center near the summit of the Hohe Wurzel, with an elevation of meters above sea level.
The lowest point is the harbor entrance of Schierstein at 83 meters above sea level. The central square the Schlossplatz is at an elevation of meters.
The evidence of settlement at present-day Wiesbaden dates back to the Neolithic era. The historical records document continuous occupancy after the erection of a Roman fort in 6 A.
The thermal springs of Wiesbaden were famous as recreation pools for Roman army horses and as the source of a mineral used for red hair dye.
The present-day Mainz was a base for 2 such Roman legions. The Alamanni, a coalition of Germanic tribes from the north, captured the fort c.
Later, in the s, when the Romans and Alamanni were allied, the Alamanni gained control of the Wiesbaden area and were in charge of its defense against other Germanic tribes.
After the Franks under Clovis I defeated the Alamanni in the Battle of Tolbiac in , the Franks displaced the Alamanni in the Wiesbaden area over the course of the 6th century.
In the 8th century, Wiesbaden became the site of a royal palace of the Frankish kingdom. The first documented use of the name Wiesbaden is by Einhard, the biographer of Charlemagne, whose writings mention "Wisabada" sometime between and The town was part of Franconia, the heartland of East Francia.
When Franconia fragmented in the early 13th century, Nassau emerged as an independent state as part of the Holy Roman Empire. In Wiesbaden became an imperial city, of the Holy Roman Empire.
However, Wiesbaden and the castle at Sonnenberg were again destroyed in In , the County of Nassau-Weilburg was divided among the sons of Gerlach.
It has eventually fallen back to Nassau-Weilburg in During this time, Wiesbaden became Protestant. In the privileges of the city were restored.
The oldest remaining building of Wiesbaden, the old city hall, was built in and No older buildings are preserved due two previous city distractions and two fires in and In , at the end of the devastating 30 years war, chronicles tell that Wiesbaden had barely 40 residents left.
In , the County of Nassau-Weilburg was divided again. Wiesbaden became part of the County of Nassau-Usingen. In , the seat of Nassau-Usingen was moved to Biebrich.
In , the Count of Nassau-Usingen has granted a concession for gambling in Wiesbaden. Napoleon became its "protector. The capital of Nassau was moved from Weilburg to Wiesbaden, and the city became the ducal residence.
Building activity started in order to give the city a magnificent appearance. Most of the historical center of Wiesbaden dates back to this time.
In , the Wiesbaden Casino was opened in the old Kurhaus. Gambling would later be outlawed by Prussian authorities in This decision led to the end of the duchy.
In the subsequent period, Wiesbaden experienced growth as a spa, convention city, and administrative seat. The period around the turn of the 20th century is regarded as the heyday of the city.
Kaiser Wilhelm II visited the city regularly in summer, such that it became an unofficial "summer residence". The city was also popular among the Russian nobility.
In the wake of the imperial court, numerous nobles, artists and wealthy businessmen settled in the city. Many wealthy persons choose Wiesbaden as their retirement seat, as it offered leisure and medical treatment alike.
Beck was designated by his fellow conspirators to be future Head of State Regent after elimination of Hitler. The plot failed, however, and Beck was forced to commit suicide.
Today, the city annually awards the Ludwig Beck prize for civil courage in his honor. But between August and March , Wiesbaden was attacked by allied bombers on 66 days.
According to the US army no more bombarding was needed due to limited military importance of the city. Wiesbaden was captured by U.
Army forces on March 28, Wiesbaden has long been famous for its thermal springs and spa. Use of the thermal springs was first documented by the Romans.
The business of spring bathing became important for Wiesbaden near the end of the Middle Ages. By , sixteen bath houses were in operation.
By , the city had 2, inhabitants and twenty-three bath houses. By , Wiesbaden, with a population of 86,, hosted , visitors annually.
In those years there were more millionaires living in Wiesbaden than in any other city in Germany. Gambling followed bathing en and in the 19th century Wiesbaden was famous for both.
Although in , the Prussian-dominated Imperial government closed down all German gambling houses the Wiesbaden casino was reopened shortly after WWII in Europe The European continent was named after beautiful Phoenician woman called Europa.
Interesting places to see in Freudenstadt are: The market place, sided by arcaded houses, is the largest in Germany. It was built in the gothic renaissance style.
The Rathaus Town Hall , which includes the museum of local history, is also located at the market place. Speyer Speyer is a city of Rhineland-Palatinate with approximately 50, inhabitants.
Timeline of the Speyer during the old period: In 10 BC, the first Roman military camp is established situated between the town hall and the Episcopal palace.
In , the town appears as Noviomagus on the world map of the Greek Ptolemaios In , a bishop for the town is mentioned for the first time.
In , establishment of the first Jewish community in Speyer In , the bishop lost most of his previous rights, and from now on Speyer is a Free Imperial City of the Holy Roman Empire.
In , the Jewish community of Speyer is totally wiped out Timeline of the Speyer during the modern period: Between and , Speyer is the seat of the Imperial Chamber Court.
In , at the First Diet of Speyer, interim toleration of Lutheran teaching and worship is decreed. In , at the Second Diet of Speyer, the Lutheran states of the empire protested against the anti-Reformation resolutions 19 April Protestation at Speyer, hence the term Protestantism.
In , the city was heavily damaged by French troops. Between and , Speyer was under French jurisdiction. In , Speyer became the seat of administration of the Palatinate and of the government of the Rhine District of Bavaria later called the Bavarian Palatinate , and remained so until the end of World War II.
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Goldman Sachs has received favorable press coverage for conducting business and implementing internal policies related to reversing global climate change.
The initiative has worked on 1, projects for organizations. In March , Goldman launched the 10, Women initiative to train 10, women from predominantly developing countries in business and management.
The initiative aims to provide 10, small businesses with assistance - ranging from business and management education and mentoring to lending and philanthropic support.
The networking is offered through partnerships with national and local business organizations, as well as employees of Goldman Sachs.
The school opened in the fall of The loan will be repaid based on the actual and projected cost savings realized by the New York City Department of Correction as a result of the expected decrease in recidivism.
Pritzker, could potentially benefit up to 3, children over multiple years and save state and local government millions of additional dollars.
Goldman has been accused of an assortment of misdeeds, including a general decline in ethical standards,   working with dictatorial regimes,  cozy relationships with the US federal government via a " revolving door " of former employees,  insider trading by some of its traders,  and driving up prices of commodities through futures speculation.
For the first time in , a new Securities and Exchange Commission rule mandated under the Dodd-Frank financial reform requires publicly traded companies to disclose how their CEOs are compensated in comparison with their employees.
Goldman has been criticized in the aftermath of the financial crisis of — , where some alleged that it misled its investors and profited from the collapse of the mortgage market.
Treasury, Goldman made some of the largest bonus payments in its history due to its strong financial performance. Much of this has stemmed from an inaccurate but often quoted New York Times article.
Bloomberg has also reported that representatives from other firms were indeed present at the September AIG meetings.
Goldman Sachs was charged for repeatedly issuing research reports with extremely inflated financial projections for Exodus Communications and Goldman Sachs was accused of giving Exodus its highest stock rating even though Goldman knew Exodus did not deserve such a rating.
Goldman Sachs is accused of asking for kickback bribes from institutional clients who made large profits flipping stocks which Goldman had intentionally undervalued in initial public offerings it was underwriting.
Documents under seal in a decade-long lawsuit concerning eToys. The clients willingly complied with these demands because they understood it was necessary in order to participate in further such undervalued IPOs.
A report by Citizens for Tax Justice stated that "Goldman Sachs reports having subsidiaries in offshore tax havens, of which are in the Cayman Islands , despite not operating a single legitimate office in that country, according to its own website.
Goldman is being criticized for its involvement in the European sovereign debt crisis. Goldman Sachs is reported to have systematically helped the Greek government mask the true facts concerning its national debt between the years and Ties between Goldman Sachs and European leadership positions were another source of controversy.
Smith said that advising clients "to do what I believe is right for them" was becoming increasingly unpopular. Instead there was a "toxic and destructive" environment in which "the interests of the client continue to be sidelined", senior management described clients as " muppets " and colleagues callously talked about "ripping their clients off".
Mandis left in after working for the firm for 12 years. In , two former female employees filed a lawsuit against Goldman Sachs for gender discrimination.
Cristina Chen-Oster and Shanna Orlich claimed that the firm fostered an "uncorrected culture of sexual harassment and assault" causing women to either be "sexualized or ignored".
During Goldman Sachs received criticism for an apparent revolving door relationship, in which its employees and consultants have moved in and out of high level U.
Government positions, creating the potential for conflicts of interest. The large number of former Goldman Sachs employees in the US government has been jokingly referred to "Government Sachs".
Additional controversy attended the selection of former Goldman Sachs lobbyist Mark A. In , Goldman Sachs investment banker David Brown pleaded guilty to charges of passing inside information on a takeover deal that eventually was provided to Ivan Boesky.
In April , Goldman director Rajat Gupta was named in an insider-trading case. Rajaratnam used the information from Gupta to illegally profit in hedge fund trades He was also a board member of AMR Corporation.
Gupta was convicted in June on insider trading charges stemming from Galleon Group case on four criminal felony counts of conspiracy and securities fraud.
Unlike many investors and investment bankers, Goldman Sachs anticipated the subprime mortgage crisis that developed in As the market began its downturn, Goldman "created even more of these securities", no longer just hedging or satisfying investor orders but, according to business journalist Gretchen Morgenson, "enabling it to pocket huge profits" from the mortgage defaults and that Goldman "used the C.
The investments were called synthetic CDOs because unlike regular collateralized debt obligations , the principal and interest they paid out came not from mortgages or other loans, but from premiums to pay for insurance against mortgage defaults - the insurance known as " credit default swaps ".
Goldman and some other hedge funds held a "short" position in the securities, paying the premiums, while the investors insurance companies, pension funds, etc.
The longs were responsible for paying the insurance "claim" to Goldman and any other shorts if the mortgages or other loans defaulted.
But while Goldman was praised for its foresight, some argued its bets against the securities it created gave it a vested interest in their failure.
In the Senate Permanent Subcommittee hearings, Goldman executives stated that the company was trying to remove subprime securities from its books.
The debt issued by Rhinebridge, This was money used to run schools and fix potholes and fund municipal budgets. IKB "paid for its share of the deal with money it collected from a number of relatively unsophisticated investors including King County in Washington state.
About county agencies in the Seattle area, including some that deal with libraries and schools, saw their budgets cut as a result. Egol, synthetic collateralized debt obligations, or C.
In April , the U. Unlike many of the Abacus securities, AC1 did not have Goldman Sachs as a short seller, in fact, Goldman Sachs lost money on the deal.
Paulson and his employees selected 90 BBB-rated mortgage bonds   that they believed were most likely to lose value and so the best bet to buy insurance for.
Goldman also stated that any investor losses resulted from the overall negative performance of the entire sector, rather than from a particular security in the CDO.
Others, including Wayne State University Law School law professor Peter Henning, noted that the major purchasers were sophisticated investors capable of accurately assessing the risks involved, even without knowledge of the part played by Paulson.
Critics of Goldman Sachs point out that Paulson went to Goldman Sachs after being turned down for ethical reasons by another investment bank, Bear Stearns who he had asked to build a CDO.
Critics also question whether the deal was ethical, even if it was legal. According to McLean and Nocera, there were dozens of securities being insured in the CDO - for example, another ABACUS  - had credits from several different mortgage originators, commercial mortgage-backed securities, debt from Sallie Mae, credit cards, etc.
This is, in short, a big global story Is what Goldman Sachs did with its Abacus investment vehicle illegal? That will be for the courts to decide, On August 1, a federal jury found Tourre liable on six of seven counts, including that he misled investors about the mortgage deal.
He was found not liable on the charge that he had deliberately made an untrue or misleading statement. A provision of the financial deregulation law, the Gramm-Leach-Bliley Act , allows commercial banks to enter into any business activity that is "complementary to a financial activity and does not pose a substantial risk to the safety or soundness of depository institutions or the financial system generally".
Some critics, such as Matt Taibbi, believe that allowing a company to both "control the supply of crucial physical commodities, and also trade in the financial products that might be related to those markets", is "akin to letting casino owners who take book on NFL games during the week also coach all the teams on Sundays".
When Goldman Sachs management uncovered the trades, Taylor was immediately fired. In , Taylor plead guilty to charges and was sentenced to 9 months in prison in addition to the monetary damages.
These financial products disturbed the normal relationship between supply and demand , making prices more volatile and defeating the price stabilization mechanism of the futures exchange.
A June article in The Economist defended commodity investors and oil index-tracking funds, citing a report by the Organisation for Economic Co-operation and Development that found that commodities without futures markets and ignored by index-tracking funds also saw price rises during the period.
In a July article, David Kocieniewski , a journalist with The New York Times accused Goldman Sachs and other Wall Street firms of "capitalizing on loosened federal regulations" to manipulate "a variety of commodities markets", particularly aluminum, citing "financial records, regulatory documents, and interviews with people involved in the activities".
Goldman has dealt with this requirement by moving the aluminum - not to factories, but "from one warehouse to another" - according to the Times.
In August , Goldman Sachs was subpoenaed by the federal Commodity Futures Trading Commission as part of an investigation into complaints that Goldman-owned metals warehouses had "intentionally created delays and inflated the price of aluminum".
The longer it stays, the more rent Goldman can charge, which is then passed on to the buyer in the form of a premium. Michael DuVally, a spokesman for Goldman Sachs, said the cases are without merit.
Investment banks, including Goldman, have also been accused of driving up the price of gasoline by speculating on the oil futures exchange.
In August , "confidential documents" were leaked "detailing the positions"  in the oil futures market of several investment banks, including Goldman Sachs, Morgan Stanley , JPMorgan Chase , Deutsche Bank , and Barclays , just before the peak in gasoline prices in the summer of The presence of positions by investment banks on the market was significant for the fact that the banks have deep pockets, and so the means to significantly sway prices, and unlike traditional market participants, neither produced oil nor ever took physical possession of actual barrels of oil they bought and sold.
Journalist Kate Sheppard of Mother Jones called it "a development that many say is artificially raising the price of crude". Climate Progress quoted Goldman as warning "that the price of oil has grown out of control due to excessive speculation" in petroleum futures, and that "net speculative positions are four times as high as in June ", when the price of oil peaked.
According to Joseph P. Kennedy II, by , prices on the oil commodity market had become influenced by "hedge funds and bankers" pumping "billions of purely speculative dollars into commodity exchanges, chasing a limited number of barrels and driving up the price".
The commission granted an exemption that ultimately allowed Goldman Sachs to process billions of dollars in speculative oil trades.
Other exemptions followed, . Protesters in Copenhagen gathered around a banner "with a drawing of a vampire squid - the description of Goldman used by Matt Taibbi in Rolling Stone in ".
According to the Thomson Reuters league tables , Goldman Sachs was the most successful foreign investment bank in Malaysia from Prosecutors investigated if the bank failed to comply with the U.
Bank Secrecy Act, which requires financial institutions to report suspicious transactions to regulators. Goldman Sachs employees have donated to both major American political parties, as well as candidates and super PACs belonging to both parties.
Goldman Sachs forbade its top level employees from donating to the Donald Trump presidential campaign. He chose to receive "some" cash unlike his predecessor, Paulson, who chose to take his bonus entirely in company stock.
In , the company reduced its workforce by 2, positions. Salt Lake City office at South Main. From Wikipedia, the free encyclopedia.
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