Władysław Dominik Grabski (pronounced [vwaˈdɨswav ˈɡrapskʲi]; 7 July 1874 – 1 March 1938) was a Polish National Democratic politician, economist and historian.
He was the main author of the currency reform in the Second Polish Republic and served as Prime Minister of Poland in 1920 and from 1923 to 1925.
Władysław Grabski was born in 1874, in a family manor in Borów (a part of Gmina Bielawy) near Łowicz, Congress Poland, Russian Empire.
The Society quickly won the support of many peasants, which in turn led to the creation of the National Labor Union.
In 1905, Grabski was elected on behalf of National Democracy as a member of three successive sessions of the Duma, the legislative assembly of the Russian Empire.
Stanisław Głąbiński, for example, argued that in the sphere of foreign relations, Grabski did not show the desired assertiveness.
Grabski's decision not to raise the issue of the League's lack of action resulted in severe criticism from the Polish parliament.
[2] On 13 November 1925 Grabski was forced to resign following a disagreement with the President of the Bank of Poland, who refused to help him with the backing of the industrialist 'Lewiatan' organization.
The Act of 11 January 1924 on the improvement of the state's treasury and currency reform introduced a new monetary system and established the issuing bank.
The Bank of Poland was founded as a joint stock company, which was supposed to guarantee its 'independence' from the government and the state treasury.
In 1925, Grabski himself commented that he was too optimistic about his economic reforms and that he should have realized that given the circumstances of depression and the recuperation from World War I, a complete recovery of the Polish economy was virtually impossible.
The government made numerous unfavourable investments and in 1925, the Sejm approved a proposal for an excessively high budget, despite frequent warnings from Grabski's cabinet.
[4][5][6] In American Jewish media sources, Grabski's reforms were described as "an anti-Jewish taxation policy so severe that it resulted in a great immigration movement to Palestine, known as 'the Grasski Aliyah.
'"[7] Scholars assessing the Grabski financial reforms note how the introduction of new finance policies strengthened political institutions.
One effect of these reforms was that the state gathered extensive information on business activities and demanded taxation payments.