Confessions of "The Old Wizard"': Autobiography

By Hjalmar Horace Greeley Schacht; Diana Pyke | Go to book overview

XLI
CONVERSION FUND AND "MEFO" BILLS

IN MAY, after my return from America and before my departure for London, I called a meeting of the banking representatives of our creditors in other countries. They came from France, Britain, the United States, Belgium, Holland, Switzerland and Sweden, each with the intention of keeping a watchful eye on the interests of his creditor compatriots. It is true that they came without legal mandate -- it would have been impossible to execute such a mandate in view of the large number of creditors -- nevertheless they were invested with authority by virtue of the very confidence which the creditors of their respective countries reposed in them.

At this Berlin Conference I submitted all financial and economic data which proved Germany's incapacity to continue paying interest on her foreign loans. Since it had gradually become clear that Germany could pay her debts only if she achieved correspondingly large exports I dwelt above all on the obstacles that other countries placed in the way of our export trade.

In a survey of the year at the end of 1931 the Frankfurter Zeitung confirmed that fantastically high tariff walls had been erected around those countries which had hitherto absorbed four fifths of German exports. In France tariffs had not only been raised, but for the first time tariff quotas had been fixed restricting the quantity of imported goods. Poland had increased her industrial duties by one hundred per cent. Many other countries were not content with increasing tariffs but followed the example set by France and restricted the quantity of imported goods by the imposition of quotas. Then followed the creation of import monopolies, special import duties, compulsion as to the expenditure on home-produced goods and similar measures; added to which Britain and several other countries had devalued their currency, thereby attaining considerable advantage over Germany in world markets.

Under no circumstances was I going to take the necessary steps on

-287-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Confessions of "The Old Wizard"': Autobiography
Table of contents

Table of contents

  • Title Page iii
  • Introduction vii
  • Contents xv
  • Illustrations xix
  • I - The Schacht and the Eggers Families 1
  • II - Three Towns Beginning with "H" 14
  • III - Three Emperors in One Year 26
  • IV - Cholera in Hamburg 38
  • V - A Meeting with Bismarck 47
  • VI - At the University 52
  • VII - An Unpaid Assistant on the Kleines Journal 60
  • VIII - Paris at the Turn of the Century 66
  • IX - Doctor of Philosophy 72
  • X - Commercial Treaties 80
  • XI - I Meet Some of the Big Bankers 87
  • XII - The Dresdner Bank 92
  • XIII- The Near East 101
  • XIV - My Family 107
  • XV - Germany's Turning Point 112
  • XVI - The First World War 119
  • XVII - Appointment as Director of the Bank 128
  • XVIII - The Founding of a Party 136
  • XIX - Member of the Workers' And Soldiers' Council 143
  • XX - Inflation 151
  • XXI- With the Danat Bank 156
  • XXII - The Secret of the Stabilized Mark 162
  • XXIII - President of the Reichsbank 173
  • XXIV - The Bank of England 179
  • XXV - The Center of Separatism 186
  • XXVI - Monsieur Poincaré 192
  • XXVII - A Painful Recovery 198
  • XXVIII - The Reichsbank from the Inside 206
  • XXIX - Some Economic Aftereffects 211
  • XXX - Clouds on the Horizon 217
  • XXXI - I Sign the Young Plan 224
  • XXXII - A Far-Reaching Idea 230
  • XXXIII - I Resign from the Reichsbank 237
  • XXXIV - On My Own 244
  • XXXV - The End of Reparations 250
  • XXXVI - Meeting with Hitler 256
  • XXXVII - The Bank Crisis 262
  • XXXVIII - The Harzburg Front 268
  • XXXIX - President of the Reichsbank Again 275
  • XL - A Visit to Roosevelt 281
  • XLI - Conversion Fund and "Mefo" Bills 287
  • XLII - A Stronghold of Justice 294
  • XLIII - The New Plan 301
  • XLIV - Mainly About Pictures 308
  • XLV - At Odds with the Party 313
  • XLVI - The Königsberg Speech 318
  • XLVII - The Jewish Question and The Church Question 322
  • XLVIII - Rearmament 330
  • XLIX - Hermann Goering 335
  • L - Foreign Policy 346
  • LI - I Break with Hitler 353
  • LII - From an Attempted Coup D'Etat To an Attempted Assassination 361
  • LIII - Concentration Camps 382
  • LIV - In American Hands 397
  • LV - Nuremberg Prison 402
  • LVI - The Prisoners 405
  • LVII - The Nuremberg Tribunal -- I 411
  • LVIII - The Nuremberg Tribunal -- II 425
  • LIX - The Denazification Tribunals 442
  • LX - Free Once More 449
  • LXI - Off to the Far East 453
  • LXII - Under the Garuda 459
  • LXIII - Finale 468
  • Index 473
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 490

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.