The Nizkor Project: Remembering the Holocaust (Shoah)

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   Nazi Conspiracy and Aggression, Volume Two, Chapter XIV
                                                  [Page 738]
                     12. HJALMAR SCHACHT

The prosecution concedes, at the outset, that although
Schacht believed that the Jews of Germany should be stripped
of their rights as citizens, he was not in complete sympathy
with that aspect of the Nazi Party's program which involved
the wholesale extermination of the Jews, and that he was,
for that reason, attacked from time to time by the more
extreme elements of the Nazi Party. It further concedes that
Schacht, on occasion, gave aid and comfort to individual
Jews who sought to escape the indignities generally
inflicted upon Jews in Nazi Germany Schacht's attitude
towards the Jews is exemplified by his speech

                                                  [Page 739]
at the German Eastern Fair, Koenigsberg, on 18 August 1935,
wherein he said:

     "The Jew must realize that their influence is gone for
     all times. We desire to keep our people and our culture
     pure and distinctive, just as the Jews have always
     demanded this of themselves since the time of the
     prophet Ezra. But the solution of these problems must
     be brought about under state leadership, and cannot be
     left to unregulated individual actions, which mean a
     disturbing influence on the national economy ***" (EC-

The foregoing concessions should render it unnecessary for
Schacht to produce evidence upon these matters.

The prosecution's case against Schacht is that he planned
and prepared for wars of aggression and wars in violation of
international treaties, agreements and assurances, and that
he knowingly and willfully participated in the Nazi common
plan or conspiracy to plan, prepare, initiate, and wage such
wars. The evidence establishes that Schacht actively
supported Hitler's accession to power; that he was the chief
architect of the financial plans and devices which made
possible the huge program of rearmament in Germany; that he
played a dominant role in the economic planning of, and
preparation for, wars of aggression; and that he contributed
his efforts willingly and with full knowledge of the fact
that the leader of the conspiracy, Adolf Hitler, was
determined upon attaining his objectives by launching
aggressive wars.


The chronology of Schacht's official positions is as

(1) Schacht was recalled by Hitler to the Presidency of the
Reichsbank on 17 March 1933 (3021-PS).

(2) Schacht was appointed acting Minister of Economics by
Hitler in August 1934 (3021-PS).

(3) By secret decree, Schacht was appointed General
Plenipotentiary for the War Economy in May 1935 (2261-PS).

(4) Schacht was awarded honorary membership in the Nazi
Party and the Golden Swastika on 30 January 1937, "the
highest honor the Third Reich has to offer" (EC-500).

(5) Schacht was re-appointed for one year as President of
the Reichsbank on 16 March 1937 (3021-PS).

(6) Schacht resigned as Minister of Economics and General
Plenipotentiary for the War Economy in November 1937 (3021-

                                                  [Page 740]
(7) Hitler appointed Schacht Minister Without Portfolio at
the same time (3021-PS).

(8) Schacht was re-appointed for a four year term as
President of the Reichsbank on 19 March 1938 (3021-PS).

(9) Schacht was dismissed as President of the Reichsbank on
20 January  1939. In connection therewith, Hitler expressed
his deep gratitude for Schacht's past services and his
gratification that Schacht would remain to serve him as
Minister Without Portfolio (EC-397).

(10) Schacht remained as Minister Without Portfolio until
January 1943, when he was dismissed by Hitler. During the
period from the time of his dismissal as President of the
Reichsbank until the end of 1942, he continued to receive
the full salary he had been paid as the President of the
Reichsbank, and thereafter received a pension from the
Reichsbank. As Minister Without Portfolio, he received a
large salary from the Nazi Government and other emoluments
of the office (3724-PS).

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