1. Kurt Paul Schmitt was a German jurist versed in economic matters.
17 Facts About Kurt Schmitt
1. 2.
Kurt Schmitt presided over Allianz insurance company, and was the Reich Economy Minister from 1933 to 1934.
3.
Kurt Schmitt, who was General Director of the Stuttgart Mutual Insurance Corporation by 1931, was included in Hjalmar Schacht's objectives in mid-1931.
4.
Kurt Schmitt now had closer relations with the Nazi leadership and on 20 February 1933, he, along with Hermann Goring, took part in a meeting that Adolf Hitler had with German industrialists, at which Kurt Schmitt made an election campaign donation to the Nazis of RM 10,000.
5.
Kurt Schmitt likewise took over the posts of Vice President of the Berlin Chamber of Industry and of the Chamber of Commerce in 1933.
6.
Meanwhile, Kurt Schmitt was convinced that the Nazis could deal with the problem of joblessness if the economy was led by people like him.
7.
Kurt Schmitt believed that they were entitled to a place in German economic life, and made it into a maxim of his year in office as Reich Economy Minister that there was no "Jewish question in the economy".
8.
On 29 June 1933 Kurt Schmitt was appointed Reich Minister of Economics as well as Prussian Minister of Economics and Labor, succeeding Alfred Hugenberg, and he took on honorary membership in the SS.
9.
On 13 March 1934 Kurt Schmitt made known what the new arrangement would be for the industrial economy.
10.
When Kurt Schmitt wanted to replace the Reich Federation of German Industry with overall state control, he ran up against concentrated resistance from business leaders.
11.
Kurt Schmitt used this opportunity to go on a long recuperative holiday.
12.
Kurt Schmitt was on Allianz AG's supervisory board until 1945.
13.
Since Kurt Schmitt was functioning as AEG supervisory board chairman, they donated to Himmler between RM 12,000 and 15,000 yearly, and Munchner Ruckversicherung and Continental Gasgesellschaft between RM 6,000 and 8,000.
14.
From 1945 to 1949, Kurt Schmitt had to undergo Denazification, administered by the United States Army.
15.
Kurt Schmitt lost all his offices and was barred from practising his profession.
16.
In 1914, Kurt Schmitt was awarded the Iron Cross 2nd class.
17.
Kurt Schmitt received the Verwundetenabzeichen in black, an award given to wounded soldiers.