Hjalmar Schacht biography and facts

Economist from Germany

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. Schacht was born in Tingleff, Schleswig-Holstein, Prussia, German Empire (now in Denmark) to William Leonhard Ludwig Maximillian Schacht and baroness Constanze Justine Sophie von Eggers,  ( Wikipedia )


Personal facts

Date of birth
Place of birth


Company Job title From To
Reichsbank President 1933 1939
Dresdner Bank 1903

Political career

Party From To
Nazi Party
German Democratic Party


Date of death
Place of death

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