Hjalmar Schacht

Economist

Hjalmar Schacht was a prominent German economist, banker, and politician who played a crucial role in Germany's economic policies during the Weimar Republic and the early Nazi era. He is credited with curbing the hyperinflation of 1923 by introducing the Rentenmark as the new currency. Appointed President of the Reichsbank and later Minister of Economics under Hitler, he was instrumental in financing German rearmament. Despite his early involvement, his disagreements with the regime's policies led to his marginalization and eventual imprisonment by the Nazis, and he was later acquitted at the Nuremberg trials.

Jan 22, 1877 - Jun 03, 1970 German 10 Quotes

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