Zi Wei Dou Shu

Celebrity birth data

Hjalmar Schacht

Cast chart

Hjalmar Schacht、亚尔马·沙赫特、Horace Greeley Hjalmar Schacht

Birth data

Gender
Male
Birth date
January 22, 1877
Date of death
June 3, 1970 (died aged 93)
Birth time
11:00（UTC+00:53）
As recorded: 22 January 1877 at 11:00 (= 11:00 AM )
Birthplace
Tinglev, Region of Southern Denmark, DenmarkAs recorded: Tinglev, Germany, 54n56, 9e15
Country / region
Denmark
Reliability
AABirth record or official document

Biography

Dr. Horace Greeley Hjalmar Schacht (January 22, 1877 – June 3, 1970) was a German economist, banker and liberal politician.

He served as President of the Reichsbank under the Weimar Republic, and in 1923 he oversaw the introduction of the Rentenmark, which ended Weimar Germany's catastrophic hyperinflation. In the early years of Hitler's rule he served as Reich Minister of Economics and President of the Reichsbank, using "Mefo bills" to expand state credit and revive the economy. He later fell out seriously with the Nazi regime over his opposition to excessive rearmament and left office, and after the July 20 plot of 1944 the Nazi authorities held him in concentration camps. After the war he was acquitted at the Nuremberg trials, and in later life he founded a private bank in West Germany and advised the governments of several countries on economic matters.

Sources