Person

Hjalmar Schacht

1877–1970 · 20th century

Hjalmar Schacht was a German banker who as currency commissioner helped end the hyperinflation of 1923 and was president of the Reichsbank in 1923–1930 and 1933–1939. As Hitler's economics minister from 1934 to 1937 he financed rearmament with the secret Mefo bills, but he clashed with Göring over the Four Year Plan. Imprisoned after the 20 July plot, he was acquitted at Nuremberg.

Hjalmar Schacht
Image: Bain News Service, publisher · Public domain · Wikimedia Commons

Mentioned in 1 profile

Nazi GermanySocioeconomy

See also

Cite this entry
APA
The Epoch Institute. (2026). Hjalmar Schacht. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/hjalmar-schacht
MLA
“Hjalmar Schacht.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/hjalmar-schacht. Accessed .
Chicago
The Epoch Institute. “Hjalmar Schacht.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/hjalmar-schacht.
Harvard
The Epoch Institute (2026) ‘Hjalmar Schacht’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/hjalmar-schacht (Accessed: ).

Last reviewed October 2026Random entry ↻