1. Hjalmar Schacht resigned as President of the Reichsbank in January 1939.
23 Facts About Hjalmar Schacht
1. 2.
Hjalmar Schacht remained as a Minister-without-portfolio, and received the same salary, until he left the government in January 1943.
3.
In 1944, Hjalmar Schacht was arrested by the Gestapo following the assassination attempt on Hitler on 20 July 1944 because he allegedly had contact with the assassins.
4.
Hjalmar Schacht became deputy director of the Dresdner Bank from 1908 to 1915.
5.
Hjalmar Schacht was then a board member of the German National Bank for the next seven years, until 1922, and after its merger with the Darmstadter und Nationalbank, a board member of the Danatbank.
6.
Hjalmar Schacht was a freemason, having joined the lodge Urania zur Unsterblichkeit in 1908.
7.
In 1923, Hjalmar Schacht applied and was rejected for the position of head of the Reichsbank, largely as a result of his dismissal from Lumm's service.
8.
In 1926, Hjalmar Schacht provided funds for the formation of IG Farben.
9.
Hjalmar Schacht collaborated with other prominent economists to form the 1929 Young Plan to modify the way that war reparations were paid after Germany incurred large foreign debts under the Dawes Plan.
10.
Hjalmar Schacht became closer to the Nazis between 1930 and 1932.
11.
Close for a short time to Heinrich Bruning's government, Hjalmar Schacht shifted to the right by entering the Harzburg Front in October 1931.
12.
On 2 August 1934, when Reich and Prussian Minister of Economics Kurt Schmitt went on an extended medical leave of absence, Hitler provisionally appointed Hjalmar Schacht to take over the running of the ministries.
13.
Hjalmar Schacht was appointed General Plenipotentiary for the War Economy in May 1935 by provision of the Reich Defense Law of 21 May 1935 and was awarded honorary membership in the NSDAP and the Golden Party Badge in January 1937.
14.
Hjalmar Schacht disagreed with what he called "unlawful activities" against Germany's Jewish minority and in August 1935 made a speech denouncing Julius Streicher and Streicher's writing in the Nazi newspaper Der Sturmer.
15.
On 26 November 1937, Hjalmar Schacht resigned as Reich and Prussian Minister of Economics and as General Plenipotentiary at both his and Goring's request.
16.
Hjalmar Schacht's replacement was to be Walther Funk who would take over in February 1938, with Goring serving as acting minister in the interim.
17.
Hjalmar Schacht retired to his house in the country, but continued to occasionally voice private criticisms, culminating in a letter to Goring in November 1942.
18.
Hjalmar Schacht was said to be in contact with the German resistance to Nazism as early as 1934, though at that time he still believed the Nazi regime would follow his policies.
19.
However, Hjalmar Schacht had remained in the government and, after 1941, Hjalmar Schacht took no active part in any resistance.
20.
The British prevailed and Hjalmar Schacht was acquitted on 1 October 1946.
21.
Hjalmar Schacht served as a hired consultant for Aristotle Onassis, a Greek businessman, during the 1950s.
22.
Hjalmar Schacht advised the Indonesian government in 1951 following the invitation of economic minister Sumitro Djojohadikusumo.
23.
Hjalmar Schacht died in Munich, West Germany, on 3 June 1970.