The company was founded on 1 April 1920 as the Deutsche Reichseisenbahnen ("German Imperial Railways")[1] when the Weimar Republic, which still used the nation-state term of the previous monarchy, Deutsches Reich (German Reich, hence the usage of the Reich in the name of the railway; the monarchical term was Deutsches Kaiserreich), took national control of the German railways, which had previously been run by the German states. In 1924 it was reorganised under the aegis of the Deutsche Reichsbahn-Gesellschaft ("German Imperial Railway Company", DRG), a nominally private railway company, which was 100% owned by the German state. In 1937 the railway was reorganised again as a state authority and given the name Deutsche Reichsbahn ("German Imperial Railway", DRB).