Hjalmar Schacht Politician

Hjalmar schacht

Dr. Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist, banker, liberal politician, and co-founder of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations. He became a supporter of Adolf Hitler and the Nazi Party, and served in Hitler's government as President of the Reichsbank and Minister of Economics. As such, Schacht helped implement Hitler's policies of redevelopment, reindustrialization, and rearmament. He was forced out of the government by disagreements with Hitler and other prominent Nazis in December 1937, and had no role during World War II. He became a fringe member of the German Resistance to Hitler and was imprisoned by the Nazis after the 20 July plot. After the war, he was tried at Nuremberg and acquitted. In 1953, he founded his own bank, and advised developing countries on economic development.

Personal details

Date of birth
January 22nd, 1877
Date of death
June 3rd, 1970 at age of 93
Place of death
Munich, Bavaria, Germany


Company Founded Positions
Dresdner Bank
Financial Services
Official site
1933 - 1939

Political engagements

Nazi Party

Geographic scope



Far-right politics


Wikipedia article

The National Socialist German Workers' Party, commonly referred to in English as the Nazi Party, was a political party in Germany active between 1920 and 1945. Its predecessor, the German Workers' Party, existed from 1919 to 1920. The term Nazi is German and stems from Nationalsozialist, due to the pronunciation of Latin -tion- as -tsion- in German, with German z being pronounced as 'ts'. The party emerged from the German nationalist, racist and populist Freikorps paramilitary culture, which fought against the communist uprisings in post-World War I Germany. Advocacy of a form of socialism by right-wing figures and movements in Germany became common during and after World War I, influencing Nazism. Arthur Moeller van den Bruck of the Conservative Revolutionary movement coined the term "Third Reich", and advocated an ideology combining the nationalism of the right and the socialism of the left. Prominent Conservative Revolutionary member Oswald Spengler's conception of a "Prussian Socialism" influenced the Nazis. The party was created as a means to draw workers away from communism and into völkisch nationalism.

Other members

born 1874
born 1876
born 1879
born 1881

German Democratic Party

Geographic scope



Economic liberalism
Social liberalism

Wikipedia article

The German Democratic Party was founded in November 1918 by leaders of the former Progressive People's Party, left members of the National Liberal Party, and a new group calling themselves the Democrats. In 1930 the party was renamed Deutsche Staatspartei. It was forced by the Nazis to dissolve itself in 1933.

Other members

born 1867
born 1870
born 1871
born 1875
born 1878
born 1883
born 1884

Written work

1.New colonial policy

Editions Subjects Co-authors
1929. at Berlin

2.My first seventy six years

Editions Subjects Co-authors
1955. at London

3.The magic of money

Editions Subjects Co-authors
1967. at London


Check Hjalmar Schacht on wikipedia.

Facebook comments