The Nizkor Project: Remembering the Holocaust (Shoah)

Nazi Conspiracy & Aggression
Individual Responsibility Of Defendants

Hjalmar Schacht

(Part 1 of 13)

[Page 738]


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- 433).

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 follows:

(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- PS;

[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).

The original plaintext version of this file is available via ftp.

[ Previous | Index | Next ]

Home ·  Site Map ·  What's New? ·  Search Nizkor

© The Nizkor Project, 1991-2012

This site is intended for educational purposes to teach about the Holocaust and to combat hatred. Any statements or excerpts found on this site are for educational purposes only.

As part of these educational purposes, Nizkor may include on this website materials, such as excerpts from the writings of racists and antisemites. Far from approving these writings, Nizkor condemns them and provides them so that its readers can learn the nature and extent of hate and antisemitic discourse. Nizkor urges the readers of these pages to condemn racist and hate speech in all of its forms and manifestations.