Event

Project Safehaven

Allied program, launched in July 1944 and shared by the State Department, the Treasury and the Foreign Economic Administration, to stop Germany hiding assets abroad.

5 links, 5 backed by primary records

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Dates
Jul 1944

Connections 5

involved

  • United States government froze German assets in the U.S. on 14 June 1941, before Safehaven Primary record 1
  • U.S. Treasury shared the administration with the State Department and the Foreign Economic Administration Primary record 1
  • United States government took the lead in starting the program Primary record 1
  • Germany its assets were the target Primary record 1
  • Germany the study credits some success in preventing the diversion of Nazi assets abroad Primary record 1
Timeline 1 date
  1. Jul 1944 Project Safehaven
Proof 1 source
  1. U.S. and Allied Efforts to Recover and Restore Gold and Other Assets Stolen or Hidden by Germany During World War II: Preliminary Study, U.S. Department of State, coordinated by Stuart E. Eizenstat (May 1997), May 1997. Primary record
    On June 14, 1941, pursuant to the Trading with the Enemy Act of 1917, President Roosevelt froze the assets of certain designated foreign nations and their nationals, including Germany and its citizens
    Bureaucratic conflicts plagued the Safehaven program, the administration of which was shared by the State Department, the Treasury Department, and the Foreign Economic Administration (FEA).
    The U.S. Government took the lead in economic warfare against the Axis by initiating the Safehaven program with our Allies.
    The U.S. scored significant successes in blocking German assets from leaving this country and in tracking the flow of Nazi assets
    The Safehaven program achieved many of its goals, including some success in preventing the diversion of Nazi assets abroad
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