Word: helfferich
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Dates: during 1923-1923
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...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...