biography
| name: |
Schacht, (Horace Greely) Hjalmar
|
pronunciation:
[shahkht]
| sex:
| male
|
| lived:
| (1877–1970)
|
| biography:
| Financier, born in Tinglev, SW Denmark (formerly Germany). In 1923 he became president of the Reichsbank, and founded a new currency which ended the inflation of the mark. He was minister of economics (1934–7), but in 1939 was dismissed from his bank office for disagreeing with Hitler over rearmament expenditure. Interned by the Nazis, he was acquitted at Nuremberg. In 1953 he set up his own bank in Düsseldorf. |
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