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Hjalmar Schacht Biography

Economist

German economist who served as the President of the Reichsbank and Minister of Finance, having a significant impact on German economic policy.

Related Quotes

“We have fallen into the hands of criminals.”

Nazi Germany Politics Quotations

Author:Hjalmar Schacht

“The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer.”

Movement Honor Offers Highest Thirds Golden Presentation Badges

Author:Hjalmar Schacht

“Instead of a weak and vacillating Government, a single, purposeful, energetic personality is ruling today.”

Government Today Personality Weak Ruling Energetic

Author:Hjalmar Schacht

“But what you could perhaps do with in these days is a word of most sincere sympathy. Your movement is carried internally by so strong a truth and necessity that victory in one form or another cannot elude you for long.”

Long Form Strong Movement Victory These Days Sincere Sympathy Elude Elude Us Elude You

Author:Hjalmar Schacht

“Colonies are necessary to Germany. We shall get them through negotiation if possible; but if not, we shall take them.”

Ifs Germany Negotiation Colony

Author:Hjalmar Schacht

“One thing I fear, that you Americans will do the same thing that you did after the last war. I mean that you will pull out of here and leave Europe, then Russia will have her way. Private enterprise and individual rights will be lost just as much as under a Nazi government. Frightful!”

Way Mean War Government Lasts Individual Lost Rights One Thing Europe Russia Enterprise Nazi Individual Rights Private Enterprise

Author:Hjalmar Schacht

“And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure.”

Facts Political Social Numbers Exercise Pressure Connected Producers Observation Consumers Thesis

Author:Hjalmar Schacht

“The economy is a very sensitive organism.”

Economy Finance Sensitive Organisms

Author:Hjalmar Schacht

“I can assure you that everything I say and do has the complete approval of the Fuehrer and that I would not say or do anything that does not have his approval.”

Doe I Can Appreciate Approval

Author:Hjalmar Schacht

“It stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics.”

Energy Results Effort Statistics Application Ministry

Author:Hjalmar Schacht

“Material loss can be made up through renewed labor, but the moral wrong which has been inflicted upon the conquered peoples, in the peace dictates, leaves a burning scar on the people's conscience.”

People Has Beens Made Loss Moral Materials Conscience Labor Burning Scar

Author:Hjalmar Schacht

“Since our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequences these disturbances can have at home and abroad”

Country Home Economy Consequence Indifferent Disturbance Foreign Countries

Author:Hjalmar Schacht

“Allied supplies of arms to Russia, and the manpower reserves of Russia have been sufficient to bring continuous counter-attacks against our Eastern Front”

Has Beens Fronts Arms Russia Sufficient Reserves Eastern Supplies Manpower Counter Attack

Author:Hjalmar Schacht

“The Jews must realize that their influence in Germany has disappeared for all time.”

Realizing Influence Jew All Time Germany

Author:Hjalmar Schacht

“Only the closest collaborators of the Fuehrer know how difficult is the burden of this responsibility; how sorrowful are the hours during which decisions must be made which bear upon the well being and the fate of all of Germany”

Knows Wells Made Difficult Hours Decision Responsibility Know How Fate Bears Burden Well Being Germany Closest Collaborators Sorrowful

Author:Hjalmar Schacht

“It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.”

Has Beens Economy Economic Taught Factors Producers Consumers Contrast Ruling National Economy

Author:Hjalmar Schacht

“Rules are to be initiated for the allotment of scarce raw materials etc; and their use and processing for other than war, or otherwise absolutely vital, goods is prohibited”

War Use Materials Etc Goods Scarce Raw Materials Processing Allotments

Author:Hjalmar Schacht

“The memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so-called peace treaties.”

People Mind War Memories Moral Materials Deeper Wounds Treaties Peace Treaties

Author:Hjalmar Schacht

“The aim and the idea of the Four Year Plan were and remain entirely correct and necessary!”

Years Ideas Four Plans Aim Four Years

Author:Hjalmar Schacht

“Wherever my work may take me in the near future even if you should see me one day within the fortress - you can always count on me as your reliable assistant.”

Ifs Should May One Day Take Me Assistants Fortresses Count On Me

Author:Hjalmar Schacht

“The repeated announcements that the Russian resistance was definitely broken have been proved to be untrue.”

Has Beens Broken Resistance Untrue Unfaithful Announcements

Author:Hjalmar Schacht

About the Author

Born: January 22, 1877
Died: June 3, 1970
Known for: Economist
Quotes: 21

Books & Sources

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