Why did Hitler hire and fire Schacht?

Hjalmar Schacht was Hitler’s banker between the years 1933 and 1939. He was also the Reichsminister of Economics between 1934 and 1937, playing a central role in financing the Third Reich’s rearmament programme in the build up to war. Schacht also helped set up the Bank of International Settlements (the BIS) in 1930. So why did Hitler hire him? And why did Hitler fire him? Let’s find out. 🔔 Subscribe for more History content: ⏲️ Videos EVERY Monday at 5pm GMT (depending on season, check for British Summer Time). The thumbnail for this video was created by Terri Young. Need graphics? Check out her website - - - - - 📚 BIBLIOGRAPHY / SOURCES 📚 Specific bibliography for this video Full list of all my sources - - - - - ⭐ SUPPORT TIK ⭐ This video isn’t sponsored. My income comes purely from my Patreons and SubscribeStars, and from YouTube ad revenue. So, if you’d like to support this channel and make these videos possible, please consider becoming a Patreon or SubscribeStar. All supporters who pledge $1 or more will have their names listed in the videos. For $5 or more you can ask questions which I will answer in future Q&A videos (note: I’m behind with the Q&A’s right now, and have a lot of research to do to catch up, so there will be a delay in answering questions). There are higher tiers too with additional perks, so check out the links below for more details. Thank you to my current supporters! You’re AWESOME! - - - - - 📽️ RELATED VIDEO LINKS 📽️ Hitler’s Socialism | Destroying the Denialist Counter Arguments Public vs Private | The Historic Definitions of Socialism & Capitalism Wehrmacht Crimes against Women WW2 Why the German Army couldn’t overcome their bad logistics BATTLESTORM STALINGRAD S1/E1 - The 6th Army Strikes! History Theory 101 - - - - - ABOUT TIK 📝 History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do. This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.