Word: helfferich
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Dates: during 1920-1929
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...Bankers Trust Co., Manhattan, has estimated that the total national wealth of Germany today is about $55,000,000,000. Dr. Karl Helfferich, famed German financier who was recently killed in a railway accident (TIME, Apr. 28), placed the national wealth of pre-War Germany at $73,780,000,000. Sir Josiah Stamp, British statistician, de- clared in 1919 that Dr. Helfferich had overlooked several items and he computed the pre-War Teutonic wealth at $80,500,000,000. Shortly before his death, however, Dr. Helfferich. made an estimate of Germany's post-War wealth. He thought that...
...Karl Helfferich is active leader of the Nationalists. His motives are not clear. Ostensibly, however, he is a good Republican...
...nominees for the post were Dr. Helfferich, former Imperial Minister of Finance, and Dr. Hjalmar Schacht, a partner in the Disconto Gesellschaft (Company). The battle was ended by a vote appointing Dr. Schacht President of the Reichsbank. He will be "Germany's money dictator and to currency and finance what General von Seeckt is to the Reichswehr as Commander-in-Chief...
...appointment of Dr. Schacht was considered a defeat for the Reichsbank directorate and the Central Reichsbank Committee, formed of big banking interests, both of which supported Dr. Helfferich...