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Hjalmar Schacht Biography

Hjalmar Schacht

Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations.

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Hjalmar Schacht Quotes

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

Decision, Fate, Hours, Know, Responsibility, Sorrowful

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

Arms, Bring, Counter Attack, Reserves, Russia, Sufficient

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, Disturbances, Economy, Foreign, Home

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

Germany, Negotiation, Colony, Colonies, Take

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.

Effort, Energy, Increased, Ministry, Stands, Statistics

But 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

Memories, Minds, Peace, People, War, Wounds

The economy is a very sensitive organism.

Finance, Sensitive, Economy, Organism

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

Announcements, Broken, Resistance, Russian, Unfaithful, Untrue

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!

Individual, Lost, Mean, Private, Russia, War

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

Badge, Golden, Honor, Movement

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

Taught, Economic, Economy, National, Consumer

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.

Appreciate, Approval, Complete, Doe, Everything

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

Years, Ideas, Four, Necessary, Idea, Correct

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, Raw Materials, Use, Initiated, Materials, Vital

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

Germany, Realizing, Influence, Realize, Disappeared

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.

Carried, Elude You, Strong, Sympathy, Word

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

Government, Personality, Ruling, Today

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.

Loss, People, Burning, Conquered, Moral, Leaves

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.

Assistants, Day, May, One Day, Take, Work

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.

Establishes, Exercise, Exercises, Numbers, Political, Somewhat