Question

Why was Hjalmar Schacht removed?​

Answer 1

In 1938, Schacht strongly urged terminating the MEFO programme, as full employment had been reached and the closing output gap was raising price tensions (Toniolo 1988). He clashed with Hitler on this, and on 19 January 1939 the Führer removed him from the Reichsbank

Answer 2

In 1938, Schacht strongly urged terminating the MEFO programme, as full employment had been reached and the closing output gap was raising price tensions (Toniolo 1988). He clashed with Hitler on this, and on 19 January 1939 the Führer removed him from the Reichsbank