Analysis of information sources in references of the Wikipedia article "Georg Karg" in English language version.
The Claimant stated that after the Nazis came to power in early 1933, they sought to gain control of the Hermann Tietz company; the Nazi regime dictated that only two of the three main partners could remain in control of the company, and that a third partner appointed by the Nazis would be installed. The Claimant stated that the third partner who was ultimately installed in the company by the Nazis was Georg Karg.
In July 1933, the creditor banks formed a second company, Hertie Waren und Kaufhaus GmbH, which would subsequently participate in the management of Hermann Tietz. The Nazi financial officials appointed Georg Karg, previously the director of textile purchasing for Hermann Tietz, and Helmut Friedel, as Hertie s representatives in the management of Hermann Tietz
Chapter IV will expand upon the theme of the interdependency of banks and department stores by detailing how an individual such as Georg Karg was able to enlist the support of a banking consortium to recall a loan, enabling him to purchase the Hermann Tietz conglomerate for a pittance.
Bank commissions and higher interest rates provided much of the motivation for Germany's largest financial institutions to participate in the takeover of Jewish-owned businesses. A prominent example was the inexpensive acquisition of the Hermann Tietz department store chain by means of Georg Karg's 14 million RM Akzeptbank-guaranteed loan through the Dresdner Bank consortium. This crucial illustration of how banks made Aryanizations possible will be discussed in Chapter IV.
In December 1927, Goebbels published his first of five special editions dedicated to opposing the Jewish-owned department stores. No other theme of Nazi propaganda was blazoned across the masthead of the newspaper so frequently.
