Schacht primary objection to the plan was the fact that he didnt consider it to be a mutually negotiated agreement, as he believed that the Americans had designed it in a manner which furthered their interests. Though never a member of the NSDAP, Schacht helped to raise funds for the party after meeting with Adolf Hitler. ), assassination attempt on Hitler on 20 July 1944, "Random House told it should pay to quote Joseph Goebbels in biography", http://www.munzinger.de/document/00000000515, "Nazi Conspiracy and Aggression Volume 2 Chapter XVI Part 12 Hjalmar Schacht", Die Befreiung der Sonder- und Sippenhftlinge in Sdtirol, Hjalmar Schacht case for the defence at Nuremberg trials, Schacht prosecution notes from "Nazi Conspiracy & Aggression", Newspaper clippings about Hjalmar Schacht, Interrogation of: Schacht, Hjalmar / Office of U. S. Chief of Counsel for the Prosecution of Axis Criminality / Interrogation Division Summary, Part 1, Hans Karl Freiherr von Stein zu Nord- und Ostheim, https://en.wikipedia.org/w/index.php?title=Hjalmar_Schacht&oldid=993811787, People acquitted by the International Military Tribunal in Nuremberg, People from the Province of Schleswig-Holstein, Ludwig Maximilian University of Munich alumni, People educated at the Gelehrtenschule des Johanneums, Articles with French-language sources (fr), Articles with German-language sources (de), Short description is different from Wikidata, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with CANTIC identifiers, Wikipedia articles with SNAC-ID identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with Trove identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. The Churchill Project - Hillsdale College > Articles > Hjalmar Schacht. Twitter. He was appointed General Plenipotentiary for the War Economy in May 1934 and was awarded honorary membership in the NSDAP and the Golden Party Badge in January 1937. In December 1929, he caused the fall of the Finance Minister Rudolf Hilferding by imposing upon the government his conditions for obtaining a loan. Shop for Books on Google Play. Skip to content . In doing so, he put in late shifts at the office and put his health at risk in the process. Norman was so close to the Schacht family that he was godfather to one of Schacht's grandchildren. Books by Hjalmar Horace Greeley Schacht. Schacht also found an innovative solution to the problem of the government deficit by using mefo bills. Gring was appointed "Plenipotentiary for the Four Year Plan" on 18 October 1936, with broad powers that conflicted with Schacht's authority. Summary Clouds. It's very simple. Despite the blemish on his record, in November 1923, Schacht became currency commissioner for the Weimar Republic and participated in the introduction of the Rentenmark, a new currency the value of which was based on a mortgage on all of the properties in Germany. This ensured that the deficit would not get any schachg, while allowing the German government to deal with the gap which had already developed. *FREE* shipping on eligible orders. Summary Clouds. Thus he was arrested by the Allies in 1945. He remained as a minister without portfolio, and received the same salary, until he was fully dismissed from the government in January 1943. Schacht however, eventually had a falling out with Hitler over the policies of his regime. When his secretary, Frulein Steffeck, was later asked about his work there she described it: This page was last edited on 12 December 2020, at 16:54. Hjalmar Schacht: for and Against Hitler: A Political-economic Study of Germany, 1923-1945 Edward Norman Peterson Christopher Publishing House , 1954 - Germany - 416 pages The Living Age, February 1, 1939, pp. Account Settled by Schacht, Dr Hjalmar and a great selection of related books, art and collectibles available now at AbeBooks.co.uk. The Magic Of Money(1967) He was head of the Reichsbank during the 1920s. Contents. Schacht told him that "German-Chinese friendship stemmed in good part from the hard struggle of both for independence". Later, he participated in the 1944 plot to assassinate Hitler, for which he was arrested and sent to a concentration camp. General Research Division, The New York Public Library. If Belgian prestige should demand it, the exchange of the German-  He put forward a plan in which Jewish property in Germany would be held in trust, and used as security for loans raised abroad, which would also be guaranteed by the German government.  After modifications by Hermann Mller's government to the Young Plan during the Second Conference of The Hague (January 1930), he resigned as Reichsbank president on 7 March 1930. In 1938, he fell out with Hitler and was dismissed. , By 1926, Schacht had left the small German Democratic Party, which he had helped found, and began increasingly lending his support to the Nazi Party (NSDAP), to which he became closer between 1930 and 1932. He had grown increasingly dissatisfied with Gring's near-total ignorance of economics, and was also concerned that Germany was coming close to bankruptcy. The Living Age, February 1, 1939, pp. Uploaded by station09.cebu on March 5, Internet Archive Books. In 1953, Schacht started a bank, Deutsche Auenhandelsbank Schacht & Co., which he led until 1963. The author is from a German Jewish background and tries to review Schacht's actions both as a banker and politician. Unfortunately, removing the Nazi experience and all that was associated with it also caused the complete disregard of another major German lesson, that of Hjalmar Schacht, the maker of the formidable German economic rebound from the depression of the 1930s. 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, a native of Denmark. Subsequently, he was interned until the end of the Third Reich in the concentration camps Ravensbrck and later at Flossenbrg. YOUR EMAIL ADDRESS. Edit . Collection. The Magic of money Hjalmar Schacht Google Books. The essence of a treaty is that two parties, after stating their cases, reach a common agreement. Relinquished from all state positions, Schacht created his own private banking house in 1953 which was based in Dusseldorf. , Schacht became a friend of the Governor of the Bank of England, Montagu Norman, both men belonging to the Anglo-German Fellowship and the Bank for International Settlements. Biographer John Weitz uses excerpts from Schacht's diary Free shipping over $10. He joined the Dresdner Bank in 1903. He also gave advice on economics and finance to heads of state of developing countries, in particular the Non-Aligned countries; however, some of his suggestions were opposed, one of which was in the Philippines by the former Bangko Sentral ng Pilipinas head Miguel Cuaderno, who firmly rebuffed Schacht, stating that his monetary schemes were hardly appropriate for an economy needing capital investment in basic industry and infrastructure. He remained President of the Reichsbank until Hitler dismissed him in January 1939. He also advised developing countries on economic development. Hjalmar Schacht was a Frisian German who stopped the German hyper-inflation of the 1920s and became a prominent financier of the 1930s. Penguin Books: 9.9: GET ON AMAZON: 3: Hitlers Banker: Hjalmar Horace Greeley Schacht Little Brown & Co: 9.5: GET ON AMAZON: 4: The economy is a very sensitive organism. In 1955, he founded a private banking house in Dsseldorf. Rating: (not yet rated) 0 with reviews - Be the first. He remained as a Reichsminister without Portfolio, and received the same salary, until he was fully dismissed in January 1943. Price New from Used from Audible Audiobook, Unabridged "Please retry" $0.00 . Edit. Schacht, in his book The Magic of Money (1967), wrote that Montagu Norman, governor of the Bank of England, and Lord Bearstead, a prominent Jew, had reacted favourably, but Chaim Weizmann, leading spokesman for the Zionist movement in Britain, opposed the plan. KANUN TANAH NEGARA 1965 PDF. Still, at Schacht's denazification trial (subsequent to his acquittal at Nuremberg) it was declared by a judge that "None of the civilians in the resistance did more or could have done more than Schacht actually did. QR code for The Magic of money. It was only until he entered his doctorate studies that he got a taste of economics, the field in which he received his degree. When he stabilized the mark in 1923, Schacht's office was a former charwoman's cupboard. However, his stay at the organization lasted only until 1930, when a disagreement over the specificities of the Young Plan was followed by Schachts resignation from office. MLA Format. Hjalmar Schacht. Excerpt. Go to Google Play Now The Magic of Money.  He was sent to Ravensbrck, then to Flossenbrg, and finally to Dachau. Available in the National Library of Australia collection. Schacht died in Munich, Germany, on 3 June 1970. Hjalmar Schacht was a prominent economist, financial expert and politician from Germany. See key information for students and staff. I'm No Sorcerer. To visit Iran. Publication. Oldbourne, 1967 - Currency question - 220 pages. Hjalmar Horace Greeley Schacht. 1920s 1927 1930s 1931 1934 1937 1939 1940s 1949 1950s 1950 1956. No Items Found. His views in this regard led Schacht to clash with Hitler and most notably with Hermann Gring. In late April 1945 he and about 140 other prominent inmates of Dachau were transferred to Tyrol by the SS, which left them there. , After Schacht's dismissal from public service, he had another brief stint at the Dresdner Bank, and then various positions at other banks. However, at a West German denazification trial, Schacht was sentenced to eight years hard labor. This was largely in light of the manner in which he successfully dealt with the inflationary pressures facing the country, resulting in his burgeoning reputation as a fixer of macroeconomic problems. This particular inclination is best explained via his eventual career path, which was geared toward economics, a discipline not constituting his educational background. In December 1923, Schacht was made President of the Reichsbank which was widely considered the top financial institution in Germany. He was put on trial at Nuremberg for "conspiracy" and "crimes against peace" (planning and waging wars of aggression), but not war crimes or crimes against humanity. They were liberated by the Fifth U.S. Army on 5 May 1945 in Niederdorf, South Tyrol, Dolomites, Italy. No Items Found. Collection of book jackets. He cited in his defense that he had lost all official power before the war even began, that he had been in contact with Resistance leaders like Hans Gisevius throughout the war, and that he had been arrested and imprisoned in a concentration camp himself.. Germany had accrued a massive foreign currency deficit during the Great Depression, which continued into the early years of the Third Reich. Schacht wrote 26 booksduring his lifetime, of which at least four have been translated into English: 1. Oldbourne, Bibliographic information. Close for a short time to Heinrich Brning's government, Schacht shifted to the right by entering the Harzburg Front in October 1931.. What is called the peace treaty of Versailles is no treaty, and it has not brought peace. Confessions Of The Old Wizard: The Autobiography Of Hjalmar Horace Greeley Schacht: Schacht, Hjalmar Horace Greeley, Pyke, Diana: Amazon.sg: Books Hjalmar Schacht, Financier Et Diplomate (1930-1950): 6: Clavert, Frederic: All Books Children's Books School Books History Fiction Travel & Holiday Arts & Photography Mystery Subscribe now and receive weekly newsletters with educational materials, new courses, interesting posts, popular books, and much more! Hjalmar Schacht was a prominent economist, financial expert and politician from Germany. His efforts were eventually rewarded, as Hitler made Schacht the Minsiter of Economics in Reich. Schacht had left that position when he supported Hitler's rise to the Chancellorship, stating that Hitler was the only one who could solve Germany's problems. In the last days of the war, he was one of the 134 special and clan prisoners[a] who were transported by the SS from Dachau into the "Alpine Fortress" to Niederdorf in South Tyrol, where they were freed on 30 April 1945.. However, one of his most stern tests arrived in 1923 when Schacht had to manage the hyperinflation which manifested across Weimar Germany in 1923. In 1937 Schacht met with Chinese Finance Minister Dr. H. H. Kung. How Hitler defied the bankersArticle Source:(No longer available) Many people take joy in saying Wall Street and Jewish bankers "financed Hitler." Kniha nm pibl pbh mue s povst finannho gnia, kter se dal do slueb Hitlerovi a dokzal stabilizovat ekonomiku, m umonil financovn rozshlch nacistickch socilnch a zbrojnch projekt. We haven't found any reviews in the usual places. Hjalmar Horace Greeley Schacht (22 January 3 June ) was a German economist, banker, centre-right politician, and co-founder in of the German Democratic Party. Google Books Ngram Viewer. The Magic Of Money, (London: Oldbourne, 1967) Nothing found. In August 1934 Hitler appointed Schacht as Germany's Reichsminister of Economics. Hjalmar Schacht appears in the following works of fiction: Involvement with the NSDAP and government, "Clan prisoners" is a translation of the German-language term. An edition of Hjalmar Schacht: for and against Hitler (1954) Hjalmar Schacht: for and against Hitler a political-economic study of Germany, 1923-1945. by Edward N. Peterson. 0 Reviews. In 1950, Juan Yarur Lolas, the Palestinian-born founder of the Banco de Crdito e Inversiones and president of the Arab colony in Santiago, Chile, tried to hire Schacht as a "financial adviser" in conjunction with the German-Chilean community. ISBN : 5511014664, 9785511014661. The British judges favored acquittal, while the Soviet judges wanted to convict. Read preview. Confessions of the Old Wizard(1953) 4.  The similar Haavara Agreement had been signed in 1933. Edition Notes Translation of Der Zauberer. Internet Archive Books. However, Schacht had remained in the government and, after 1941, Schacht took no active part in any resistance. Primary Sources Hjalmar Schacht. Hjalmar Schacht by Christopher Kopper, 9783423346085, available at Book Depository with free delivery worldwide. the life and loans of Dr. Hjalmar Schacht First published in 1938 Subjects Finance. View all subjects; More like this: Similar Items Find a copy in the library. Germany -- History -- 20th century. Hitler's magician: Schacht the life and loans of Dr. Hjalmar Schacht Loading Related Books. You are commenting using your Facebook account. People Hjalmar Horace Greeley Schacht (1877-) Places Germany. Bankers -- Germany -- Biography. | MW Books Ltd. Schacht talked frequently with Hans Gisevius, another resistance figure; when resistance organizer Theodor Strnck's house (a frequent meeting place) was bombed out, Schacht allowed Strnck and his wife to live in a villa he owned. After the July 1932 elections, in which the NSDAP won more than a third of the seats, Schacht and Wilhelm Keppler organized a petition of industrial leaders requesting that president Hindenburg appoint Hitler as Chancellor. Schacht (1877-1970) bankrolled Hitler's Wehrmacht but was acquitted at Nuremberg of having conspired to wage war. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. Hjalmar Schacht (German) Paperback 5.0 out of 5 stars 1 rating. Part-of-speech tags cook_VERB, _DET_ President Read reviews from worlds largest community for readers. Buy this book. He is perhaps best known for managing to find a solution to withstand the impending inflation which jeopardized the existence of the Weimar Republic in 1923. the life and loans of Dr. Hjalmar Schacht First published in 1938 Subjects Finance. While Schacht was for a time feted for his role in the German "economic miracle", he opposed Hitler's policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. Schacht, Hjalmar Horace Greeley, 1877-1970 Publisher The Hague : Mouton Collection inlibrary; printdisabled; trent_university; internetarchivebooks Digitizing sponsor Kahle/Austin Foundation Contributor Internet Archive Language English Schacht entry in to the corporate world was made via Dresdner Bank, which he joined in 1903. Account Settled(1949) after his acquittal at the Nuremberg Trials 3. Periods. The End of Reparations(1931) 2. Publication.  The British prevailed and Schacht was acquitted. Hjalmar Horace Greeley Schacht, the son of a salesman, was born in Tinglev, Germany, on 22nd January, 1877. Gleichwohl er nach dem Zweiten Weltkrieg umfassende Kritik an der Geld-, Finanz- und Wirtschaftspolitik der Bundesbank und der Bundesregierung bte, fanden seine theoretischen Ansichten bisher wenig Beachtung. Come across a broken link to an e-book in the library catalogue? Schacht was tried at Nuremberg, but was fully acquitted over Soviet objections; later on, a German denazification tribunal sentenced him to eight years' hard labor, which was also overturned on appeal. During 1930, Schacht campaigned against the war reparations requirement in the United States. Nothing found. -202) Subject: Schacht, Hjalmar Horace Greeley, 1877-1970. He was, his lawyers contended, a German patriot who had worked as Reichsbank president Books Go Search EN Hello, Sign in Account & Lists Sign in Account & Lists Orders Try Prime Cart. SCHACHT, HJALMAR HORACE GREELEY, , 1877-Content. , Schacht pleaded not guilty to these charges. Hjalmar Horace Greeley Schacht first attracted the attention of the world when he was given credit for ending the German hyperinflation of 1923, after which the economy of the Weimar Republic performed remarkably well until the 1929 recession which eventually developed into the Great Depression plaguing the advanced capitalist system in the 1930s.When the World War I reparations payments Furthermore, Schacht was not a member of the NSDAP and shared very little of their ideology. Schacht was a freemason, having joined the lodge Urania zur Unsterblichkeit in 1908. Dear Customer, If you wish to purchase more than 5 Schacht: Hitler's magician, the life and loans of Dr. Hjalmar Schacht. Five years down the road, he became deputy director. From inside the book . This ensured that the deficit would not get any schachg, while allowing the German government to deal with the gap which had already developed. BGH 25 May 1954, BGHZ 13, 334; as summarized in "Fundamentals of European Civil Law", Martin Vranken, 1997. Hjalmar Horace Greeley Schacht (22 January 3 June ) was a German economist, banker, liberal politician, and co-founder in of the German Democratic served as the Currency Commissioner and President of the Reichsbank under the Weimar was a fierce critic of his country's post-World War I reparation became a supporter of Adolf Hitler .  Germany entered into a brief period where it had two separate currencies: the Reichsmark managed by Rudolf Havenstein, President of the Reichsbank, and the newly created Rentenmark managed by Schacht. He received his early education from a high school in Berlin, after which he sought to pursue medical studies at Kiel. Hjalmar Schacht. Hjalmar Schacht Wikipedia. I'm No Sorcerer. Hjalmar Horace Greeley Schacht was a well-respected German banker who solved the hyper-inflation problem in 1923. Author: Schacht, Hjalmar Horace Greeley, 1877-1970; Format: Book; 220 p. 23 cm. Here's a short video to help. Browse the world's largest eBookstore and start reading today on the web, tablet, phone, or ereader. Books Foreign Affairs The Living Age. Buy Hjalmar Schacht online, free home delivery. Biography (1) Non fiction (1) The Virtual Library is open and our full range of e-resources are available online 24/7. Schacht and Goerdeler were opposed by a faction centering on Hermann Gring.. Cyber Monday Deals Best Sellers Gift Ideas Electronics Customer Service Books New Releases Home Computers Gift Cards Coupons Sell All Books Children's Books School Books History Fiction Travel & Holiday Arts & Photography Mystery & Suspense Business & Investing He passed away on 3rd June, 1970, in Munich. Subscribers may view the full text of this article in its original form through TimesMachine. Hjalmar Schacht created a scheme for deficit financing, Schacht approved a figure of 35 billion Reichsmarks to be spent on military buildup over eight years. Schachtss educational interests were diversified; his endeavors saw him study German philosophy in Berlin and go to Munich to explore the field of political science. The word Abrechnung has the literal meaning of deduct, however this can also mean to balance the books or to settle an account. Account Settled(1949) after his acquittal at the Nuremberg Trials 3. Buy a cheap copy of Hitler's Banker: Hjalmar Horace Greeley book by John Weitz. This ensured that the deficit would not get any worse, while allowing the German government to deal with the gap which had already developed. ", After the attempt on Hitler's life on 20 July 1944, Schacht was arrested on 23 July. Hitler's Banker: Hjalmar Horace Greeley Schacht by Weitz, John and a great selection of related books, art and collectibles available now at AbeBooks.com. Looking for an e-book in the catalogue? Hjalmar Schacht Schacht was tried at Nuremberg I believe and guess what? Lords of Finance: The Bankers Who Broke the World, Penguin Books, 2009 ISBN 978-1-59420-182-0 , During the economic crisis of 193536, Schacht, together with the Price Commissioner Dr. Carl Friedrich Goerdeler, helped lead the "free-market" faction in the German government. He was summarily dismissed by General von Lumm when it was discovered that he had used his previous employer, the Dresdner Bank, to channel the note remittances for nearly 500 million francs of Belgian national bonds destined to pay for the requisitions. However, Schacht later jumped ship to the National Bank of Germany. Search Button. Hitler's magician: Schacht the life and loans of Dr. Hjalmar Schacht This edition published in 1938 by G. Routledge in London. Hjalmar Schacht [Kopper, Christopher] on Amazon.com.au. He was also inducted in to the Nazi Party (NSDAP) as an honorary member, and received the Golden Swastika in January 1937. Hitler's Banker: Hjalmar Horace Greeley Schacht by Weitz, John and a great selection of related books, art and collectibles available now at AbeBooks.com. Subjects: Schacht, Hjalmar. Schacht objected to continued high military spending, which he believed would cause inflation, thus coming into conflict with Hitler and Gring. Following the Kristallnacht of November 1938, Schacht publicly declared his repugnance at the events, and suggested to Hitler that he should use other means if he wanted to be rid of the Jews. Schacht supported public-works programs, most notably the construction of autobahnen (highways) to attempt to alleviate unemployment policies which had been instituted in Germany by von Schleicher's government in late 1932, and had in turn influenced Roosevelt's policies. He was dismissed as President of the Reichsbank in January 1939. After completing his abitur at the Gelehrtenschule des Johanneums, Schacht studied medicine, philology, political science, and finance at the Universities of Munich, Leipzig, Berlin, Paris and Kiel before earning a doctorate at Kiel in 1899 his thesis was on mercantilism.. Hjalmar Schacht (22 January 1877 3 June 1970, German pronunciation: [jalma axt]) was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party. Browse the world's largest eBookstore and start reading today on the web, tablet, phone, or ereader. , During the First World War, Schacht was assigned to the staff of General Karl von Lumm (18641930), the Banking Commissioner for Occupied Belgium, to organize the financing of Germany's purchases in Belgium. After Hitler took power in January 1933, Schacht won re-appointment as Reichsbank president on 17 March.  Goerdeler, his colleague in 193536, was the civilian leader of resistance to Hitler. Even though Hjalmar Schacht played a significant role in the creation of the German Democratic Party, he was a staunch monarchist. Schacht first requested that the magazine publish a correction, and when the magazine refused, sued the publisher for violation of his personality rights. Hjalmar Schacht: for and against Hitler; a political-economic study of Germany, 1923-1945 by Peterson, Edward N. (Edward Norman), 1925-Publication date Books for People with Print Disabilities. Excerpt. Ahamed, Liaquat. Peter Lang, 2009 - Business & Economics - 473 pages. Facebook. Of course, this only happened because to this day many of my He was a fierce critic of his country's post-World War I reparation obligations. His parents, who had spent years in the United States, originally decided on the name Horace Greeley Schacht, in honor of the American journalist Horace Greeley. Print book: Biography : EnglishView all editions and formats: Summary: * First biography in English of the man who financed the Nazis. Full text is unavailable for this digitized archive article. What people are saying - Write a review. A magazine published an article criticizing Schacht, containing several incorrect statements. Pinterest. 524-525 . Each debtor must examine his accounts before raising credit. Author, Hjalmar Schacht. Horace Greeley Hjalmar Schacht (22 January 1877 3 June 1970) was a German economist, banker, centre-right politician, and co-founder in 1918 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. Drama/Theater/Dance Economics/Finance/Business Foreign Policy/International Politics/Political He was then a board member of the German National Bank[de] for the next seven years, until 1922, and after its merger with the Darmstdter und Nationalbank (Danatbank), a board member of the Danatbank.  hjamlar Search the history of over billion web pages on the Internet. September 19, 2020 | History. He also introduced the "New Plan", Germany's attempt to achieve economic "autarky", in September 1934. Hjalmar Schacht was perhaps the most competent person ever in the employ of the Nazis. He became deputy director of the Dresdner Bank from 1908 to 1915. His tenure lasted within the years 1934 and 1937, and Schacht successfully managed inflation again, facilitated the construction of infrastructure, and serviced foreign currency deficits during this period. Therefore Abrechnung mit Hitler best translates as Settling Accounts With Hitler (Which is a double entendre in German that is missing from the English title. However, they yielded to the insistence of the Schacht family grandmother, who firmly believed the child's given name should be Danish. His defenders argued that he was just a patriot, trying to make the German economy strong. Hjalmar Schacht book. *FREE* shipping on eligible orders. Hjalmar Horace Greeley Schacht, the son of a In 1926, Schacht provided funds for the formation of IG Farben. When Hjalmar Schacht became President of the Reichsbank in 1933, six and a half million Germans were out of work. Bild 183-T0706-503 by Bundesarchiv is licensed under CC-BY-SA 3.0. After his economic policies helped battle German hyperinflation and stabilize the German mark (Helferich Plan), Schacht was appointed president of the Reichsbank at the requests of president Friedrich Ebert and Chancellor Gustav Stresemann. Hjalmar Schacht. He was freed on appeal in 1948. As Currency Commissioner, Schacht was responsible for protecting the savings of the people which were diminishing, and he did so effectively with the implementation of the Retenmark. Shop for Books on Google Play. Hitlers Banker: Hjalmar Horace Greeley Schacht by John Weitz is the tale of Hjalmar Schacht, a Frisian German who stopped the German hyper-inflation of the 1920s and became a prominent financier of the 1930s; his actions also resulted in funding the rise of the Third Reich and the armaments industry.Whoops. Schacht was the German banking head during the Nazi regime and was the major contact with the international financiers who promoted the Nazi revolution and held up this sagging country devastated by Versailles. Periods. Indirectly resulting from his founding of the bank, Schacht was the plaintiff in a foundational case in German law on the "general right of personality". PS PRIMARY SOURCE A primary source is a work that is being studied, or that provides first-hand or direct evidence on a topic. They urged Hitler to reduce military spending, turn away from autarkic and protectionist policies, and reduce state control in the economy. Confessions of the Old Wizard, (Boston: Houghton Mifflin,1956) 4. His competency in the banking field was rewarded as he was made director at the company in 1916 when he only 36 years old. People Hjalmar Horace Greeley Schacht (1877-) Places Germany. 1 Kg. Hjalmar Schacht in perspective / by Amos E. Simpson by Simpson, Amos E.: (1969) First Edition. Books by Hjalmar Horace Greeley Schacht. 524-525 . Genres. Schacht helped solidify Hitlers regime and enhance his influence by getting him acquainted with business tycoons and other affluent industrialists. His country 's post-World war I reparation obligations found not guilty to these charges Lang 2009! 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