The Reichsbank is the predecessor of the Bundesbank. This central bank was founded upon the unification of the German state in 1871. It experienced both stable and volatile periods. In 1939, the Reichsbank was renamed as the Deutsche Reichsbank and placed under the direct control of Adolf Hitler. The defeat of Nazi Germany in May 1945 also resulted in the dissolution of the Reichsbank, along with other Reich ministries and institutions.