On This Day
·

Adolf Hitler names Hjalmar Schacht as President of Bank of Germany

Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party.

Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank during the Weimar Republic. He was a fierce critic of his country's post-World War I reparations obligations. He was also central in helping create the group of German industrialists and landowners that pushed Hindenburg to appoint the first Nazi-led government.

Schacht served in Adolf Hitler's government as President of the Central Bank (Reichsbank) 1933–1939 and as Minister of Economics (August 1934 – November 1937).

While Schacht was for a time feted for his role in the German "economic miracle", he opposed elements of Hitler's policy of German re-armament insofar as it violated the Treaty of...

Historical Significance

Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party.

Key People

Adolf Hitler

–

Events Before

  1. Jacob Coxey Sr. is chosen as the Mayor of Massillon, Ohio

    Jacob Sechler Coxey Sr. (April 16, 1854 – May 18, 1951), sometimes known as General Coxey, was an American politician and perennial candidate.

  2. Italian-American film director Frank Capra (34) weds second wife, American secretary Lucille Warner (29) in Brooklyn, NY

    Italian-American film director Frank Capra (34) weds second wife, American secretary Lucille Warner (29) in Brooklyn, NYC, until her death in 1984

  3. As a member of the gold medal-winning US four-man bobsleigh team at Lake Placid, Eddie Eagan becomes the only Olympian t

    As a member of the gold medal-winning US four-man bobsleigh team at Lake Placid, Eddie Eagan becomes the only Olympian to win gold medals at both the Summer (boxing gold in Antwerp 1920) and Winter Games in different sports

  4. Sydney Harbour Bridge opens in Sydney, Australia

    The Sydney Harbour Bridge is a steel through arch bridge in Sydney, Australia, spanning Sydney Harbour from the central business district (CBD) to the North Shore.

  5. "Grand Hotel" directed by Edmund Goulding and starring Greta Garbo and John Barrymore premieres in New York, includes th

    "Grand Hotel" directed by Edmund Goulding and starring Greta Garbo and John Barrymore premieres in New York, includes the line "I want to be alone" (Best Picture/Production 1932)

Events After

  1. Federal Deposit Insurance Corporation (US bank guarantor) comes into effect

    Federal Deposit Insurance Corporation (US bank guarantor) comes into effect

  2. American comedian and actor Lou Costello (27) weds American burlesque dancer Anne Battler (21)

    Louis Francis Cristillo (March 6, 1906 – March 3, 1959), better known as Lou Costello, was an American comedian, actor and producer.

  3. FDR devalues the US dollar relative to gold to $35 per ounce

    FDR devalues the US dollar relative to gold to $35 per ounce

  4. British-American entertainer Bob Hope (30) weds American singer Dolores DeFina (24) in Erie, Pennsylvania, until his dea

    British-American entertainer Bob Hope (30) weds American singer Dolores DeFina (24) in Erie, Pennsylvania, until his death in 2003

  5. "It Happened One Night" directed by Frank Capra and starring Clark Gable and Claudette Colbert opens at NY's Radio City

    "It Happened One Night" directed by Frank Capra and starring Clark Gable and Claudette Colbert opens at NY's Radio City Music Hall (Academy Awards Best Picture, Director, Actor, Actress and Screenplay 1935)

More from the 1930s

birth

David McKee is born

David McKee, British writer and illustrator, known for british writer and illustrator, was born on 1935-01-02.

birth

Jim Bakker is born

Jim Bakker televangelist, known for american televangelist, was born on 1939-01-02. James Orsen Bakker is an American televangelist and convicted felon.

birth

Roger Miller is born

Roger Miller, American musician, known for american country musician, was born on 1936-01-02. Roger Dean Miller Sr.

Claus von Stauffenberg is promoted to Second Lieutenant

Claus Philipp Maria Justinian Schenk Graf von Stauffenberg was a German army officer who is best known for his failed attempt on 20 July 1944 to assassinate Adolf Hitler at the Wolf's Lair, part of...

Frequently Asked Questions

What happened on March 16, 1933?
Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank during the Weimar Republic. He was a fierce critic of his country's post-World War I reparations obligations.
Why is Adolf Hitler names Hjalmar Schacht as President of Bank of Germany significant?
Horace Greeley Hjalmar Schacht was a German economist, banker, politician, and co-founder of the German Democratic Party.
Who was involved in Adolf Hitler names Hjalmar Schacht as President of Bank of Germany?
Key figures include Adolf Hitler.

Explore More

March 16 in HistoryYear 1933