The textile and clothing export trade in Germany is “stagnant or falling” and an increasing number of rival industries are being started abroad as a result of expulsion of Jews from industry in the Reich, according to an article in the Manchester Guardian Commercial. Ousting of Jews from finance is having a similar effect, the article points out.
Among countries benefiting from Germany’s action against the Jews, the paper cites the United States and the Netherlands. “The united States,” the article asserts, “were formerly an important customer for German textiles, but scarcely any can now be sold there. Large numbers of German piece goods wholesalers and clothing manufacturers have migrated to England and Holland, and are supplying former customers of the German textile industry. Holland, formerly one of the industry’s best customers, is increasingly manufacturing for herself.”
Listing three great private Jewish banks recently taken over by “Aryan” interests, the article continues: “Many owners of other private banks have transferred their head quarters abroad, especially to Holland, and are strengthening the economic and financial activity of their new countries, while in Germany, with the dwindling opportunities of private initiative, such activity is falling.”
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
