Schacht, Dr. HjalmarMareMagnum
The Stabilization of the Mark
1927247 pages. Black and white photographic frontis portrait of author. "This is a book written by a German after a war which brought defeat to his country and a great civilized people to a condition of dependence and subordination... The German Inflation can only be understood as part of the general history of the time. May we all learn from the past and emerge from the destructive era of reciprocal hostility into a new constructive period of international well-being." - from Foreward. Chapters include: The Inflation of the War Period; From the Armistice to the Invasion of the Ruhr; From the Invasion of the Ruhr to the Stabilization of the Mark; The Stabilization of the Mark; From Rentenbank to Golddiskontbank; From Currency Crisis to Economic Crisis; The Dawes Plan; The Reconstruction of German Money and Capital Markets; Foreign Credits; International Co-operation. "(Schacht) became one of the directors of the Reichsbank in 1916 and in 1923 became currency commissioner for the Reich. After his economic policies helped reduce German inflation and stabilize the German mark, Schacht was appointed president of the Reichsbank. He collaborated with other prominent figures in economics to form the Young Plan to modify the way that war reparations were paid after Germany's economy was destabilizing under the Dawes Plan. Though on March 7, 1930, six months after the beginning of the Great Depression, he stepped down from the position of Reichsbank Chairman, but returned on March 17, 1933 after Hitler's rise to power." - from wikipedia dot org. Binding intact. Unmarked with average wear. Bright gilt lettering upon black cloth backstrip. Mild foxing to endpapers. A sound copy. Aldcroft & Rodger p.83, Peterson p.367. Book
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