Schacht, Mefo Bills and the Restoration of the German Economy 1933-39 (2013)

Re:Schacht, Mefo Bills and the Restoration of the German Eco... by lispm on Sunday March 24, 2019 @04:19AM (#19475126)

The view of Schacht and his relationship to the Nazi movement is way to favorable. That he wasn't a member of the NSDAP was something he claimed, but which wasn't true. Given his prominent role in the early days of the Nazi government, he was quite a strong supporter of the regime. He may have helped some Jews, but he supported the Rassegesetze, and even made personal profit from the fate of the German jews, etc.

Fascinating how leading persons of the Nationalsozialismus were claimed to be only 'functionaries'...

https://www.faz.net/aktuell/feuilleton/politik/rezension-sac...

http://www.spiegel.de/wirtschaft/bankier-hjalmar-schacht-hit...

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Re:Schacht, Mefo Bills and the Restoration of the German Eco... by mariuolo on Sunday March 24, 2019 @03:40PM (#19478331)

He was fired from his ministerial job in 1937 and later sent to a concentration camp.

By that metrics, most German citizens of that generation are guilty.

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Re:Schacht, Mefo Bills and the Restoration of the German Eco... by lispm on Monday March 25, 2019 @04:19AM (#19480987)

Lots of Nazis were killed or fell out of favor. From Röhm to Heß.

Schacht wasn't fired in 1937. He quit the job himself - minister for economics. He was removed from the job as central banker in 1939 and remained in a position as a minister until 1943.

> By that metrics, most German citizens of that generation are guilty.

Most Germans weren't Reichswirtschaftsminister (1934-1937) AND Reichsbankpräsident (1933-1939). Schacht was one of the most prominent members of the Nazi regime at that time and he was instrumental in directing the financing of the build-up for the war machine. Schacht was a core member of the Nazi regime from 1931 on.

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