Confessions of "The Old Wizard"': Autobiography

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

XLVII
THE JEWISH QUESTION AND THE CHURCH QUESTION

PRIOR TO 1930 there was scarcely any sign of an anti-Semitic political movement in Germany. Inasmuch as it did exist to a very small extent, it could be attributed to economic motives rather than racial enmity among the lower middle class. Mixed marriages were frequent. In good middle-class society the Jew was a welcome guest.

The fact that Hitler made use of anti-Semitism for propaganda purposes can be traced back to his Vienna period. In Germany he was helped by the fact that, at the time of the Weimar Republic, an unusually large number of eastern Jews from Poland, Rumania and Russia poured into Germany, consisting to a great extent of suspicious or even desperate elements. They took advantage of the disturbed political conditions, not only to profit by inflation, but to play a particularly active part in the corrupting of officials who put them in the way of a good deal of black-market business. Nevertheless anti-Semitism never became popular with the masses of the German people even in Hitler's time. Every action launched by the party against the Jews had perforce to be carried out by specially detailed party members. The great mass of the population took no part in these excesses.

In the field of business, when the party proceeded against individual Jews I intervened in every case that was brought to my notice and successfully stood up for the Jews so long as I held the post of Minister for Economic Affairs. In November 1935 I issued a ministerial communication to the head of the National Chamber of Industry which was passed on to all affiliated organizations:

On October 14 I requested you to inform industrial groups that, pending the forthcoming re-assessment of the position of the Jews in industrial life, no steps are to be taken by affiliated organizations against Jewish firms. Your communication, as well as other incidents, impel me to instruct the National Chamber of Industry to

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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
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