Word: reichsbanker
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Dates: during 1930-1939
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Under iron-willed Reichsbank Governor Dr. Hjalmar Schacht's system of keeping the German mark theoretically on gold, Germans are virtually cooped up in Germany by the extreme difficulty of getting permission to take out even a modicum of money when they want to go abroad. Last week 86 privileged Nazi tourists arrived in Manhattan aboard the S. S. Stuttgart with spending money of $20 each, supposed to last five days. Said sturdy Franz Luppe, superintendent of a Dessau brewery, "Some of my countrymen are foolish enough to waste their money on banana splits...
...Berlin, where Minister of Economics Hjalmar Schacht keeps telling the restive and doubtful Realmleader that business is business. Dr. Schacht last week made a sort of last stand by defiantly announcing that in the Reichsbank, of which he is Governor, Jews will be safe in their jobs. Lately, bitter Nazi district leaders have been saying that "Dr. Schacht, with his Jewish-tainted international banker mentality, is a menace to the spiritual rebirth of the Fatherland...
...Dictator is indeed of German race. Needing all its creative ability, he showed little of it last week. Because the most savage efforts to control German prices have already been made by the Government for months, because Herr Hitler was supposed to have solved the price problem by appointing Reichsbank President Dr. Hjalmar Schacht his "Economic Dictator" (TIME, Aug. 13), and because German economists are in fact at their wits' ends. Mayor Gördeler could do little last week but threaten and attempt to reassure...
Faces were glum at the Ministry of Propaganda & Public Enlightenment last week. Ruefully, prominent propagandists admitted that autocratic President Hjalmar Schacht of the Reichsbank had just put a severe crimp in the world-wide activities of their club-footed idol, Dr. Paul Josef Goebbels, gnomish Minister of Propaganda & Public Enlightenment...
...Reichsbank President Schacht: Chancellor Hitler understands economic and financial problems through that great unpretentiousness and simplicity which always astonishes us and which conquers all theoretical objections. . . . Chancellor Hitler has rejected all theories of devaluation or inflation...