Hermann Dietrich

Hermann Robert Dietrich (14 December 1879 – 6 March 1954) was a German politician of the liberal German Democratic Party and served as a minister during the Weimar Republic.[1]

Dietrich in 1930, shortly after being confirmed as Finance Minister of Germany.

Finance Minister of Germany

In 1930 Dietrich succeeded Paul Moldenhauer as Finance Minister of the Weimar Republic.

In the midst of the Great Depression Dietrich became the "chief proponent" of government contracts in 1930 in an attempt to offset the drastic increase in unemployment. Because these contracts were contingent on the reduction of prices, he and the Provisional National Economic Council had to authorise the reduction of wages in the German industrial community.[2] Dietrich, along with economists Heinrich Brüning and Adam Stegerwald, firmly believed that accelerating the pace of the agricultural sector at the cost of Germany's industrial capacity would solve unemployment.

During President Hindenburg's bid for re-election, Dietrich was one of few elites in the cabinet barred from speaking at the President's candidacy campaigns for allegedly being "too far left".[3]

References
  1. Frölich, Jürgen (2005). "'He served the German people well'. Der politische Weg Hermann Dietrichs vom badischen Nationalliberalen zum baden-württembergischen Freidemokraten". Zeitschrift für die Geschichte des Oberrheins (in German). 153: 619–640. ISSN 0044-2607.
  2. Mommsen, Hans (1 March 1998). The Rise and Fall of Weimar Democracy. UNC Press Books. p. 369.
  3. Mommsen, Hans (1 March 1998). The Rise and Fall of Weimar Democracy. UNC Press Books. p. 407.


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