Hjalmar Horace Greeley Schacht

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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.see more