Key Profile: Dr Hjalmar Schacht

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  • Created on: 14-01-15 11:07
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  • Key Profile: Dr Hjalmar Schacht.
    • Was a brilliant but very arrogant financier.
    • he became president of Germany's national bank in 1923, the year when hyperinflation increased and the German currency collapsed.
    • He gained a huge reputation for being the man that saved Germany by introducing a new currency, the retenmark.
    • Restored stability to the German financial system.
    • Remained at Germany's national bank until 1929.
    • He joined the Nazi Party in 1931 and played a key role in the running of the economy of the Third Reich from 1933 until 1937.


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