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3 unusual facts about Hjalmar Schacht


Athanasios Roussopoulos

He was President of the Technical Chamber of Greece from 1951 to 1958, when he put forward radical new projects that were vetoed by American advisers because they paralleled Hjalmar Schacht's approach to public finances.

Liaquat Ahamed

It follows the life and actions of the then chiefs of the central banks: Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank.

Montagu Norman, 1st Baron Norman

Norman was a close friend of the German Central Bank President Hjalmar Schacht, who was a supporter of Adolf Hitler and the Nazi Party, and served in Hitler's government as President of the Reichsbank and Minister of Economics.


Erwin Planck

In August 1939, a group including Prussian Finance Minister Johannes Popitz, Planck, and Reichsbank president Hjalmar Schacht approached General Georg Thomas, head of the Defence Economy and Armament Office asking him to do something to thwart the outbreak of the forthcoming war.

Mefo bills

Hjalmar Schacht formed the limited liability company Metallurgische Forschungsgesellschaft, m.b.H., or "MEFO" for short.


see also