Hjalmar Schacht

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Hjalmar Schacht

Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist who served as President of the German central bank both in the Weimar Republic and in National Socialist Germany (before 1939). He was also Minister of Economics between 1934 and 1937.

Schacht is said to have had some contact with the so-called German Resistance as early as 1934. After the attempt on Hitler's life on 20 July 1944, Schacht was arrested and sent to different concentration camps.

He was one of the defendants at the International Military Tribunal but was acquitted. However, he was re-arrested and sentenced by a "denazification" court to eight years in a work camp. Schacht was released in 1948.

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