Question

Why did Hitler denied suggestion of Hjalmar Schacht​

Answer 1

Answer:

He 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 Versailles and (in his view) disrupted the German economy. His views in this regard led Schacht to clash with Hitler and most notably with Hermann Göring[citation needed]. He resigned as President of the Reichsbank in January 1939. He remained as a Minister-without-portfolio, and received the same salary, until he left the government in January 1943.[2]

In 1944, Schacht was arrested by the Gestapo following the assassination attempt on Hitler on 20 July 1944 because he allegedly had contact with the assassins. Subsequently, he was interned in the concentration camps Ravensbrück and later at Flossenbürg. In the final days of the war, he was one of the 134 special and clan prisoners[a] who were transported by the SS from Dachau to South Tyrol. This location is within the area named by Himmler the "Alpine Fortress", and it is speculated that the purpose of the prisoner transport was with the intent of holding hostages. They were freed in Niederdorf, South Tyrol, in Italy, on 30 April 1945.[4]

Schacht was tried at Nuremberg, but was fully acquitted over Soviet objections; later on, a German denazification tribunal sentenced him to eight years' hard labor, which was also overturned on appeal.

In 1955, he founded a private banking house in Düsseldorf. He also advised developing countries on economic development