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Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party. He served in Hitler's government as President of the Reichsbank and Minister of Economics, but opposed some of his policies and was arrested and interned by the Nazis.
Hjalmar Schacht (born Jan. 22, 1877, Tinglev, Ger.—died June 4, 1970, Munich, W.Ger. [now in Germany]) was a German banker and financial expert who achieved international renown by halting the ruinous inflation that threatened the existence of the Weimar Republic in 1922–23.
Hjalmar Schacht (1877–1970) was Minister of Economics and General Plenipotentiary for the War Economy until 1937 and Reichsbank (national bank) president until 1939. Superceded by Hermann Göring in economic affairs, he remained as Minister without Portfolio until 1943.
The historian Albert Fischer challenges the myth that Hjalmar Schacht, the former Reichsbank president and minister of economics, opposed the expulsion of Jews from the German economy. He shows that Schacht implemented and defended the racial laws, and did not help the Jews as he claimed.
Hjalmar Schacht was a German economist and politician who supported Hitler's rise to power and played a key role in the Nazi war plans. He was charged with planning and preparing for aggressive wars and was dismissed by Hitler in 1939.
Dec 12, 2013 · Schacht was, of course, the chief architect of Nazi economic policy and the inventor of the infamous Mefo bill, which we shall discuss in more detail below. The transcript is fascinating because it includes a nice overview of Nazi economic policy during the war and the years of rearmament. I’ll give some context first of all.
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When Schacht criticized Nazi rearmament and financial policy, Hitler fired him as president of the Reichsbank. Schacht also withdrew from other public roles, but remained Reich Minister without Portfolio until 1943.
