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HJALMAR SCHACHT - AUTOGRAPH LETTER SIGNED 07/08/1926 - HFSID 1581

Schacht handwrote this letter as president of Germany's Reichsbank in 1926 - before he became Adolf Hitler's Minister of Economics - to an author about "bolshevism" and other political matters.

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HJALMAR SCHACHT
Schacht handwrote this letter as president of Germany's Reichsbank in 1926 - before he became Adolf Hitler's Minister of Economics - to an author about "bolshevism" and other political matters.
Autograph letter signed: "Hjalmar Schacht" as president of Germany's Reichsbank, 1 page, 8¼x11½, on his personalized letterhead as president of Germany's Reichsbank. Addressed from "Noordwyk", 1926July 8.In German, translated: "Dear Mr. Vraeeck Enclosed I send you back the three articles and give you my compliments how you dealt with your difficult topic. I had few to change. Only in III [probably chapter III from a book] I don't want to have so much political matters in there and therefore have prince's condemnation and bolshevism abridged a little. Further, I don't want solely England so fierce accentuated as mother of bolshevism, as the allies are all complicit of that. In the headline [sic, in English] of III I have "England" changed to "unjustice and unemployment" [quoted words in English], but I don't object if you instead of "England" want to say "allies" [in English] or "Imperialism" [in English]. With engaging greetings and the request for sending a print to me. Yours obedient". Post scripted: "[illegible] I don't have here, I am in Berlin again on July 18." This letter was written before Schacht was made Minister of Economics under Adolf Hitler, but after he had been appointed Minister of Economics for the Weimar Republic for halting Germany's hyperbolic postwar inflation. It's a fascinating look at his professional life before he became part of Hitler's administration and a defendant at the NuremburgInternational Military Tribunal after World War II. Hjalmar Schacht (1877-1970) was Minister of Economics in the Nazi administration of Adolf Hitler. A banker in the early 20th Century, he became special currency commissioner in the Weimar Republic's finance ministry in 1923, where he halted Germany's hyperinflation and stabilized the mark. Schacht was appointed president of the Reichsbank later that year, but resigned in 1930 and built up his associations with right-wing groups in Germany. He was reinstated as Reichsbank president and became Minister of Economics in 1934 when Hitler became chancellor in 1933. But Hermann Göring asserted his power over the economy and made his position as minister more and more irrelevant; he resigned in 1937. He was dismissed from the Reichsbank two years later over his opposition to war expenditures. Schacht was imprisoned by the Nazis after the 1944 assassination attempt on Hitler before being captured by the Allies. The International Military Tribunal at Nuremburg acquitted Schacht of planning and preparing for wars of aggression and of knowingly and willing participating in the Nazis' plans for war; in fact, he was one of the few Nuremberg defendants to be fully acquitted. He went on to found his own bank and do financial consulting. Lightly toned, soiled and creased. Pencil notations touch handwriting, but not signature. Paperclip impression and rust stains in upper left corner. Light tear in lower right corner. Both top corners and bottom left corners are rounded. Folded once and unfolded. Otherwise, fine condition.

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