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Day 22

Writer: Jeanne d'ArcJeanne d'Arc

Updated: Mar 2


Hitler

February 20, 1933


“Adolf Hitler and 20 to 25 industrialists held a secret meeting at the official residence of Hermann Göring, the President of the Reichstag, in Berlin. Its purpose was to raise funds for the election campaign of the Nazi Party.” WIKI



As a whole, German big business had not given the Nazis significant support in previous elections (1). Hitler hoped to change that situation, however. On February 20, 1933, Hermann Göring (1893-1946) hosted a private meeting of approximately twenty of Germany’s leading industrialists and financiers.

A decorated World War I pilot and a genuine bon vivant, Göring enjoyed far better connections among the business elite than Hitler, whose modest Austrian background, awkward mannerisms, and demagogic style made many prominent businessmen wary. Also in attendance that day was Dr. Hjalmar Schacht (1877-1970), who had served as president of the Reichsbank from 1923 to 1930.

Having once occupied the middle of the political spectrum, Schacht had started moving to the right in the late 1920s. By the time Hitler came to power, he had been flirting with the Nazis for years. Still, Schacht’s presence at the meeting reassured and encouraged the business community, and he managed to collect pledges of financial support for the government’s election campaign. The following month, he was reappointed head of the Reichsbank, this time under the new Nazi regime.

(1) See Henry Ashby Turner, Jr., German Big Business and the Rise of Nazism (New York: Oxford University Press, 1985).


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February 10, 2025


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