Hjalmar Schacht


Hjalmar Horace Greeley Schacht was a German economist, banker, liberal politician, and cofounder 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 countrys postWorld War I reparation obligations.

Schacht was born in Tingleff, SchleswigHolstein, Prussia, German Empire to William Leonhard Ludwig Maximillian Schacht and baroness Constanze Justine Sophie von Eggers, a native of Denmark. His parents, who had spent years in the United States, originally decided on the name Horace Greeley Schacht, in honor of the American journalist Horace Greeley. However, they yielded to the insistence of the Schacht family grandmother, who firmly believed the childs given name should be Danish. After completing his at the Gelehrtenschule des Johanneums, Schacht studied medicine, philology and political science at the Universities of Munich, Leipzig, Berlin, Paris and Kiel before earning a doctorate at Kiel in 1899 his thesis was on mercantilism.

Source: Wikipedia


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