Karl Theodor Helfferich (* 22. July 1872 in city to the Haardt; "† 23 April 1924 in Bellinzona, Switzerland), oldest of seven children, (under it Emil Helfferich) the textile manufacturer Friedrich Helfferich, was a German politician (DNVP) and banker.

Life and work

Helfferich studied law and political sciences in Strasbourg. After its Habilitation in Berlin (1899) it worked as a private lecturer. 1901 it was active as an expert with the title professor for currency questions and in the restaurant department of the office for realm colonial. 1904 it changed into the colonial department of the Foreign Office and was busy since 1906 as a director of the Anatoli railway company in Konstantinopel. After activities as private lecturer and a political economist Helfferich was appointed 1908 in board of directors of the German bank. The German bank founder George von Siemens became later its father-in-law. 1915 he became undersecretary of state in the realm Treasury, further political functions followed.

It answered for the war financing of the German Reich in the First World War by loans, which were to blame for the state highly and thus fully to a refinancing by the losers of the war were cut, which led to as catastrophically felt inflationary subsequent effects. By the defeat many German - allegedly patriotic - savers lost their fortune.

Since that 22. May 1916 it was active as an undersecretary of state of the office for realm of the inside (by 23 October 1917) and vice-chancellor (by 9 November 1917). After Helfferich a taxation of the Kriegsgewinne had first out-hesitated, he regulated her finally in such a way that the war winners were not seriously loaded. First eager opponent of the unrestricted submarine war, he belonged since the turn of the year 1916/17 to its most active proponents. Under the third OHL was it considerably in the elaboration of the emergency service law and promotion of the Hindenburg program as well as in the elaboration of the peace treaties of Brest Litowsk and Bucharest involved. As diplomatic representatives of the German Reich in the summer 1918 sent to Moscow, he there however already broke his activity off after ten days.

In the Weimar Republic was Helfferich of prominent politicians of the right German national people's party (DNVP). By radical anti-republican propaganda as well as murder calls approximately fulfilment politicians so mentioned he was one of the most prominent representatives extreme rights. Its Polemiken against Walther Rathenau, Matthias Erzberger and Joseph Wirth created a climate, which led to the political murders in the early Weimar Republic. By an offense process from 19 January to 12. Forced March 1920, which brought in a fine for him, it Erzberger to the resignation. In June 1920 into the handing day selected, defended it 1920/21 in the parliamentary committee of inquiry its policy during the war. To an eclat it came itself, as it refused questions of the USPD delegate Oskar Cohn under reference to its Judentum answering. By its Tiraden against the conclusion of the contract of Rapallo, particularly by its invective against Walther Rathenau on 23 June 1922, he was jointly responsible for its murder on 24 June 1922.

It sketched the plan of a rye currency, which one rejected to 1923, whose substantial characteristics were transferred however in the plan for the introduction of the pension Marks.

While the hyperinflation 1923 Helfferich was involved in the introduction of the pension Marks. 1924 he died with a heavy with Bellinzona. Helfferich on the main cemetery is buried in new city at the crying race.

Publications

• The reform of the German monetary system, 1897
• The money, 1903
• Away with Erzberger! , Publishing house Scherl, Berlin, 1919, flight writings to citizens of Berlin the daily paper "“day"”
• The world war in 3 volumes, shifts 1919 with Ullstein Berlin

Related links

• http://www.dhm.de/lemo/html/biografien/HelfferichKarl/
• Biografie of the historical society of the German bank

See also: Emil Helfferich (brother)

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