To Leon Goldensohn (10 March 1946). Quoted in "The Nuremberg Interviews" - by Leon Goldensohn, Robert Gellately - History - 2004.
โ€œ

There was only the choice between Communism and Hitler, and I will tell you why Hitler won. People will not give up religion, rights, freedom of personality, the opportunity to develop by individual effort - which includes private property. And the other reason for Hitler's winning is that if a whole people is treated as the Germans were, everyone will say, 'Are we worse people than others? Are we of a minor race?' Just as every single individual needs and must have self-respect, just as every family is proud of decent traditions, so every nation wants to maintain her individual manner, culture, language, and customs. It was in these respects that Communism failed. The Communists said that God was nonsense and stupidity and preached internationalism without maintaining the natural national feelings of a nation.

— Hjalmar Schacht

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "There was only the choice between Communism and Hitler, and I will tell you why Hitler won. People will not give up religion, rights, freedom of personality, the opportunity to develop by individual effort - which includes private property. And the other reason for Hitler's winning is that if a whole people is treated as the Germans were, everyone will say, 'Are we worse people than others? Are we of a minor race?' Just as every single individual needs and must have self-respect, just as every family is proud of decent traditions, so every nation wants to maintain her individual manner, culture, language, and customs. It was in these respects that Communism failed. The Communists said that God was nonsense and stupidity and preached internationalism without maintaining the natural national feelings of a nation." in the context of "To Leon Goldensohn (10 March 1946). Quoted in "The Nuremberg Interviews" - by Leon Goldensohn, Robert Gellately - History - 2004." to mean that wisdom is timeless.

Quote Image
Source: Wikiquote: "Hjalmar Schacht" (Quotes) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Hjalmar Schacht

About Hjalmar Schacht

Dr. Hjalmar Horace Greeley Schacht (22 January 1877 โ€“ 3 June 1970) was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations. He served in Adolf Hitler's government as President of the National Bank (Reichsbank) 1933โ€“1939 and became Minister of Economics (August 1934 โ€“ November 1937). While Schacht was for a time feted for his role in the German "economic miracle", he opposed Hitler's policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. His views in this regard led Schacht to clash with Hitler and most notably with Hermann Gรถring. He was dismissed as President of the Reichsbank in January 1939. He remained as a minister without portfolio, and received the same salary, until he was fully dismissed from the government in January 1943.