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The don, the Deutsche Bank and the shock revelations of its Nazi past

The don, the Deutsche Bank and the shock revelations of its Nazi past

June 4, 2021 12:00
Jonathan Steinberg historian 2F14958
2F14958 Professor Jonathan Steinberg from the Univ. of Pennsylvania will be a featured lecturer at One Day University, February 19, 2008, Philadelphia, Pennsylvania. (Photo by Charles Fox/Philadelphia Inquirer/MCT/Sipa USA)
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A quirky and donnish figure, Jonathan Steinberg had a way of pouncing on his students and shaking them out of their comfort zone. During his history lectures at Cambridge University he might demand an essay minus the verb To Be. Or he might describe an arcane study and shock them with its relevance to their current work. Colleagues describe the character of the historian, who has died aged 86, as that of a chess player, always one or two moves ahead. His acuity could be disconcerting but for the warmth and generosity with which he also mentored his post graduate students.

That acuity came sharply into play as he delved into the Deutsche Bank’s activities during the Second World War. His 1990 book, All or Nothing: The Axis and the Holocaust 1941-43, which explained why Italians, in contrast to the Germans, refused to deport Jews to Auschwitz, led to his appointment to Deutsche Bank’s historic commission. His devastating yet restrained 1999 report, The Deutsche Bank and Its Gold Transactions during the Second World War, uncovered the most shocking conclusions; that the bank had been involved in the purchase and sale of gold bars made from tooth fillings from dead concentration camp victims, and had played a key role in the funding of Auschwitz.

A decade or so earlier, it was Otto von Bismarck, the 19th century Prussian Prime Minister, who fascinated him. Then vice-master of Trinity Hall and chair of the Cambridge history faculty, Steinberg gave a lecture to the University of Pennsylvania in 1988 in which he described the politics of the so-called Iron Chancellor as a kind of style revolution, to be compared to the Kennedy presidency. Bismarck proved an alluring subject for Steinberg. The founder of the German Empire was viewed as a pacifist in foreign affairs but an authoritarian on domestic issues. It would lead to Steinberg’s acclaimed 500 word biography, Bismarck: A Life, published in 2011.

“Nothing in my long professional career,” he wrote in the preface ,“has been as much fun as the composition of this work.” Steinberg created a three dimensional figure offering the reader the full flavour of Bismarck’s physical and emotional attributes.