Title: Adolf and Controversy Source:
http://www.youtube.com URL Source:http://www.youtube.com/watch?v=sQECpdDjafM Published:Apr 20, 2008 Author:http://www.youtube.com/ Post Date:2008-04-20 19:07:01 by robin Keywords:None Views:212 Comments:11
Schacht developed right-wing political ideas and in 1930 was converted to fascism after reading Mein Kampf. In January, 1931 Hermann Goering arranged a meeting with Adolf Hitler. Schacht agreed to raise funds for the Nazi Party. Schacht, who had good contacts with Germany's industrialists persuaded Albert Voegler (United Steel Works) Gustav Krupp and Alfried Krupp to join people such as Fritz Thyssen, Emile Kirdorf, Carl Bechstein and Hugo Bruckmann in providing money for the party.
In November, 1932, Schacht organized the letter signed by Germany's leading industrialists that urged Paul von Hindenburg to appoint Adolf Hitler as chancellor. This was successful and on 20th February, 1933, Schacht arranged a meeting of the Association of German Industrialists that raised 3 million marks for the Nazi Party in the forthcoming election.
After Adolf Hitler passed his Enabling Bill Schacht toured the United States where he made forty speeches, appeared on radio and wrote several articles for American newsletters where he claimed that Hitler would soon return Germany to democracy. He met Franklin D. Roosevelt but made a bad impression on the president who later described him as "extremely arrogant".
In August, 1934, Hitler appointed Schacht as his minister of economics. Deeply influenced by the economic ideas of John Maynard Keynes and Roosevelt's New Deal, Schacht encouraged Hitler to introduce a programme of public works, including the building of the Autobahnen.
Schacht also introduced the New Plan which rigorously controlled everything that was imported into Germany. This involved negotiating a series of bilateral trade agreements including one with the Soviet Union in 1935.
The links back to Wall Street through Fritz Thyssen and Union Bank make Schact a historically fascinating character. The Bush family, specifically Prescott Bush, was involved via Union Bank.
Schacht developed right-wing political ideas and in 1930 was converted to fascism after reading Mein Kampf.
buck...
That is creative writing at its worst. It would infer Schacht was a party member and he never was. He did not raise money for the party.
Even wikiup agrees to that. He indeed seemed arrogant to FDR because he was never a politician and stood head and shoulders intellectually and morally above FDR.
Few mention that he was thrown into Dachau concentration camp with other Germans that opposed the war. The order that he be shot arrived too late as he was freed by the American army.