Frankfurt’s historic buildings (1903), which were largely destroyed during the war.
Frankfurt was hastily rebuilt after the war (1950), so only a few locals have taken a liking to the post-war architecture.
Frankfurt becomes a Metropolis
After World War 2, discussion in the Federal Republic of Germany focused on the future federal capital as well as the development and expansion of new financial centres. Frankfurt had good development opportunities.
Frankfurt was well developed and had the tradition of trade fairs. In 1330, Emperor Ludwig of Bavaria granted the city of Frankfurt the trade fair privilege. From 1585, it was also the first German exchange and money market. The name, Rothschild and other large banking houses gained a reputation in Europe after the accession of Frankfurt to the Prussian Customs Union in 1836, due to increasing trade business.
In the midst of the nineteenth century, the foundations of the numerous industrial foundations in the region (Bockenheim, Höchst, Offenbach) were mainly foundations in the banking sector, a development which still characterises the character of the city today. However, the continuous economic expansion of the city, especially with its prominent position as a financial epicentre, was interrupted in 1933 by the strengthening of Berlin as a political-administrative-economic centre.
After the war, the economic upswing of the Federal Republic began where the existing economic forces and institutions could be deployed most quickly: urban agglomeration areas: “Frankfurt’s central location between the north and south of the Federal Republic, as well as the physical isolation of the capital of Berlin, created the preconditions for the metropolis of the Rhine-Main region to be both a traffic hub and a major transportation station for western Germany. In addition to this, the increasing population movements from the eastern parts of Germany, as well as from central Germany, once again increased the density of the urban surrounding area. This meant that the heart of the city now required further centralised care facilities. The pressure of development on the old city and increasing motorisation demanded space, which went beyond the geographic area of the inner city and resulted in a complete structural change.
Almost Capital City of Germany
Frankfurt declaration as Germany’s capital city never came into reality in the 1950s when tiny city of Bonn became the capital of West Germany. However, the city of Frankfurt succeeded in preserving the promise to move the Bundesbank from Berlin to Frankfurt. With the arrival of the Bundesbank, Frankfurt’s position as a national and international banking and trading center was confirmed and decisive factor for the further development of Frankfurt.