Schacht, (Horace Greeley) Hjalmar


Schacht, (Horace Greeley) Hjalmar
born Jan. 22, 1877, Tinglev, Ger.
died June 4, 1970, Munich, W.Ger.

German financier.

He served as vice director of the Dresdner Bank and director of the German National Bank before becoming a commissioner in the finance ministry (1923), where he developed a rigorous monetary program that halted German inflation and stabilized the mark. He became president of the Reichsbank (1923–30, 1933–39) and minister of economics (1934–37), but he was dismissed when he opposed Adolf Hitler's rearmament expenditure. Imprisoned after the July Plot against Hitler's life (1944), he was later captured by the Allies and acquitted at the Nürnberg trials. He later founded a bank in Düsseldorf and served as an international financial consultant.

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Universalium. 2010.

Look at other dictionaries:

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  • Horace — /hawr is, hor /, n. 1. (Quintus Horatius Flaccus) 65 8 B.C., Roman poet and satirist. 2. a male given name. * * * I orig. Quintus Horatius Flaccus born December 65, Venusia died Nov. 27, 8 BC, Rome Latin lyric poet and satirist. The son of a… …   Universalium

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  • Schacht — biographical name (Horace Greeley) Hjalmar 1877 1970 German financier …   New Collegiate Dictionary


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