Reichsbank

…1938 and president of the Reichsbank from 1939.

…Schacht as president of the Reichsbank (Germany’s central bank), and in 1933–37 he was German ambassador to the United States. He resigned in the latter year and lived in retirement throughout World War II. In the postwar years he taught at the Munich Academy of Political Sciences and served as…

…Germany’s leading financial institution, the Reichsbank. Later (1929) he headed the German delegation at Paris during the negotiation of a new plan of reparations payments for Germany but subsequently rejected the conference’s major handiwork—the Young Plan.