Hjalmar Schacht is president of the Reichsbank, Germany’s central bank. Until recently, Schacht was also head of the Reich Ministry of Economics. Praised in international newspapers as a wizard of international finance, Schacht was credited with rescuing Germany from hyperinflation, and in the mid-1930s he became Hitler’s darling. Since then, the most powerful economist in Germany has grown disillusioned with the Führer and resigned from the Reich Ministry of Economics on December 8, 1937.
