German Leadership

HJALMAR SCHACHT

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Hjalmar Schacht was Nazi Germany's economic mastermind: Hjalmar Schacht was a brilliant German financier who believed in "a sound economy in a strong state" and that "the basic ideas of National Socialism contain a great deal of truth." During the 1920s and 1930s, Hjalmar Schacht utilized his mastery of economics and the correlation between the state, industry, and commerce to help Adolf Hitler. As president of the Reichsbank and minister of economics, he established the financial trickery that enabled German rearmament.