Who was the Nazi economic Minister?
Hjalmar Schacht
… pushed through with determination by Hjalmar Schacht, who was made president of the Reichsbank on December…… Schacht became minister of economic affairs on August 2, 1934, and to him Hitler owed the expert planning……
Who was the German economists?
Some of the most popular German economist are as follows:- 1. Rodbertus, Johann Karl 2. Nebenius, Friedrich 3. List, Georg Friedrich 4.
Who was Hjalmar Schacht what was his contribution?
Hejilmar Schacht was german banker and financial expert who achieved international status in 1922–23 by stopping the devastating inflation that threatened the existence of the Weimar Republic. He also served as the Minister of Economics (1934–37) in the National Socialist Government of Adolf Hitler.
What did Hjalmar Schacht do for economic recovery?
This column considers the economic policy of Hjalmar Schacht, whose ‘MEFO-bills’ monetary solution ended the years of economic struggle caused by the Treaty of Versailles’ reparations commitments. By tying the bills to output, Schacht was able to stimulate output, and eliminate unemployment.
Who appointed economics minister in 1937?
Nazi Germany, 1933–1945
| No. | Reich Minister of Economics | Took office |
|---|---|---|
| 1 | Alfred Hugenberg (1865–1951) | 30 January 1933 |
| 2 | Kurt Schmitt (1886–1950) | 29 June 1933 |
| 3 | Hjalmar Schacht (1877–1970) | 3 August 1934 |
| 4 | Hermann Göring (1893–1945) | 26 November 1937 |
Who founded the Communist Party of Germany?
Rosa Luxemburg
Karl Liebknecht
Communist Party of Germany/Founders
How was economic recovery made in Germany?
Hitler assigned the responsibility of economic recovery to the economist Hjalmar Schacht who aimed at full production and full employment through a state-funded work-creation programme. This project produced the famous German superhighways and the people’s car, the Volkswagen.