Word: reichsbanker
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Dates: during 1930-1939
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...Schacht is to have no further government role he is out presumably not only as Economics Minister but also as President of the Reichsbank, the post in which he won fame as "the ablest central banker in Europe." These many years Dr. Schacht has stood off Germany's creditors with phenomenal adroitness; he created and managed the trickiest set of currencies the world has ever seen, the various varieties of German marks; and more recently he has sewed up banks, governments and firms in many countries of the world in barter deals by which Germany, since she could...
This year, according to Schacht intimates, the Economics Minister & Reichsbank President has finally had to tell the German Government that in his opinion the sums being spent in Rearmament and on public works, party buildings and motor speedways throughout Germany must be drastically curtailed if the Reich is to keep up even its present show of Capitalist economy and stable money. The situation seemed to be last week that Herr Hitler remains no economist, and that Colonel Gőring will stop at nothing short of an actual crackup in his resolve to complete Germany's present Four-Year...
...TIME, Aug. 30), the Federal Reserve Bank of New York last week cut its rate from 1½% to 1%. This is the lowest fee for loans to member banks ever posted by any central bank in the world. Sample rates in Europe today: Bank of France and Reichsbank. 4%; Bank of England and Bank of The Netherlands. 2% ; Swiss National Bank, 1½%. Lowest previous rate in the U. S. 1½%. Highest rate (1920) in New York...
...cost of providing Germany with a million fully-equipped troops, faced with the expense of a grandiose public-works scheme, shrewd conservative Dr. Horace Greeley Hjalmar Schacht, Reich Minister of Economics, has long been doing sleight of hand with Germany's foreign trade. With gold in the Reichsbank dwindling toward zero, Germany, since the rise of raw-material prices in 1935, has had to export finished goods at uneconomical prices in order to get currency to buy abroad such raw materials-copper, tin, oil-as she cannot manufacture synthetically...
...ring and Goebbels) turned out in Berlin to attend the first session of the I.C.C. and not only Mr. Watson but scores of other delegates gave the Nazi salute. But, though nearly everyone except Adolf Hitler applauded a declaration by Minister for National Economy Dr. Hjalmar Schacht that the Reichsbank wants "honest money and honest raw materials," plus a return to the gold standard to end "arbitrarily falsified currencies," the I.C.C. adjourned this week after adopting 25 non-binding "resolutions," none of them containing any suggestion by thoughtful President Watson or anyone else of lending any Kentucky gold to Germany...