Difference between revisions of "Hjalmar Schacht"
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Latest revision as of 03:07, 11 January 2011
Hjalmar Horace Greeley Schacht was president of the Reichsbank during the rearmament of Germany, resigning in 1930, before the Nazis took power. In 1934, he returned to the post and also became Reich Minister of the Economy, but resigned again in 1939, as an opponent of Hermann Goering's economic policies. He is credited with using military spending to bring much of the German hyperinflation under control.
Imprisoned in Dachau Concentration Camp on suspicion in the 20th of July plot against Adolf Hitler, he was still tried by the four-power Trial of the Major War Criminals at Nuremberg, acquitted, tried by German courts, and eventually winning an appeal in 1948.