THE NIŠ COOPERATIVE: 1921‒1947

Abstract

Numerous local monetary bureaus owned by shareholders were established in the Kingdom of Serbia in the late nineteenth century. Many of these institutions, such as the Niš Cooperative, not only engaged in banking services but also owned industrial and trade companies. Economic circumstances changed so significantly after World War I that bank managements often were unable to cope with them. The Niš Cooperative was an example of a stable yet not particularly powerful monetary bureau whose reputation depended on the leading members of its Board of Directors. Unlike most other monetary bureaus, the Niš Cooperative continued operating after World War II up until privately-owned monetary bureaus were closed by the socialist Yugoslav government.

Keywords

• Niš Cooperative, Živko Stojiljković, Dragiša Cvetković, shoe factory, Brick Factory, economic crisis, liquidation