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Albert Neuhaus

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Albert Neuhaus
Neuhaus in 1925.
Reich Minister of Economics
In office
January 15, 1925 (1925-01-15) – 26 October 1925 (1925-10-26)
PresidentFriedrich Ebert
Paul von Hindenburg
ChancellorHans Luther
Preceded byEduard Hamm
Succeeded byRudolf Krohne (acting)
Personal details
Born(1873-07-09)July 9, 1873
Glasgow, Scotland
Died29 April 1948(1948-04-29) (aged 74)
Wuppertal-Elberfeld, North Rhine-Westphalia, British occupation zone in Germany
Political partyDNVP
Alma materUniversity of Erlangen–Nuremberg
OccupationLawyer

Albert Neuhaus (9 July 1873 - 29 April 1948) was a German politician and civil servant of the DNVP. He most notably served as Reich Minister of Economics in Hans Luther's cabinet from 15 January to 26 October 1925, when he resigned, and was succeeded by Rudolf Krohne.

Neuhaus was born into a family of Rhenish manufacturers, although his father had been residing in Scotland to run a business. He attended university studying in law, and eventually received his Doctor of Law degree from the University of Erlangen–Nuremberg in 1896. He then went into being a civil servant for the Prussian state government, and be 1909 became a Government Councillor. He reached his most senior civil servant position as a Ministerial Director and Real Senior Privy Councillor in 1918. Neuhaus left the government in 1920 he work in the private sector, which he would do until he was appointed minister.

A member of the nationalist party, DNVP, he was appointed Reich Minister of Economics in January 1925. During this time he criticized the German private industry for their spending of foreign capital, and largely spent his time responding to the previous hyperinflation. Notable laws passed during his tenure to achieve this was the Loan Liquidation Act and Bond Redemption Law. He eventually resigned in October 1925, as did two other members of the DNVP in Luther's cabinet. This was in response to the Locarno Treaties, which were sent to the Reichstag, but of which the DNVP declared unsatisfactory because they wished for no concessions to France. After he left, he spent the rest of his career in obscurity and died in 1948.

Early life

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Albert Neuhaus was born on 9 July 1873 in Glasgow, Scotland,[1] into a family who were Rhenish manufacturers.[2] His father had been residing in Scotland to set up a business.[3] He attended a gymnasium in Neuwied. He then studied at Heidelberg University and later the University of Bonn,[4] and joined the Corps Suevia Heidelberg, a student fraternity, in 1893. He graduated from the University of Erlangen–Nuremberg in 1896 as a Doctor of Law.[5] After graduating, he was an advisor at the bank H. Albert de Bary & Co in Antwerp.[2]

Civil career

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In 1901 he became an assessor for the Prussian state government in Düsseldorf.[6] By 1902 he was an unskilled worker in Berlin at the Prussian Ministry of Trade and Industry.[7] In 1909 he was promoted to Government Councillor, in 1910 to Privy Councillor and Lecturer Councillor.[8] In 1914 he became Privy Senior Government Councillor.[9] Four years later he was promoted to Ministerial Director and Real Senior Privy Councillor.[10] In 1920 he left civil service to work in the private sector, where he worked at until he was appointed minister.[11] During this time he publicly commented on the debate of whether to keep German colonies by stating that they were necessary as space for German human settlement, a position he would continuously defend.[12]

Reich Minister of Economics

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Neuhaus was appointed Reich Minister of Economics on 15 January 1925 in the Hans Luther.[13] He was a member of the DNVP.[14]

He criticized the German private industry for spending foreign capital from the United States on advertising and other social activities instead of using it to increase production, and he also urged for more agricultural production to lessen purchases of food from abroad.[15] During his term, prices dropped in the second quarter of 1925 due to compromise legislation for investors, who expected partial compensation because of mark debt, which existed due to hyperinflation.[16] The Loan Liquidation Act was also passed, which qualified 73 billion reichsmarks Reich debt for conversion to 1.8 bllion reichsmarks loan liquidation debt.[16] Another important law passed during his time as minister was the Bond Redemption Law on 16 July which stipulated what German Reich bonds issued in the old Reich currency could be exchanged for German Reich loan redemption debt.[17]

He officially resigned on 26 October 1925.[18] The reason for his resignation was due to the Locarno Treaties, which was sent to the Reichstag, but of which the DNVP declared unsatisfactory because they wished for no concessions to France.[19]

Personal life

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Neuhaus's grave at the Reformierte Friedhof Hochstraße in Wuppertal

He had a brother named Charles.[3] His wife was the daughter of Dr. Dittmar Finkler, a physician and professor.[3]

Death

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Neuhaus died on 29 April 1948 in Wuppertal-Elberfeld.[6]

References

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  1. ^ Der Grosse Brockhaus: Handbuch des Wissens (in German). Brockhaus. 1932. p. 304. Retrieved 6 February 2025.
  2. ^ a b Vierhaus, Rudolf (24 June 2011). Menghin - Pötel (in German). Walter de Gruyter. p. 412. ISBN 978-3-11-094026-8. Retrieved 6 February 2025.
  3. ^ a b c "Unser Reichswirtschaftsminister, Wirklicher Geheimer Oberregierungsrat Dr. Ernst Neuhaus, feiert am 9. Juli seinen 52. Geburtstag". Harburger Tageblatt. 7 July 1925. Retrieved 7 February 2025.
  4. ^ Agstner, Rudolf (2014). 1915/1916 (in German). LIT Verlag Münster. p. 240. ISBN 978-3-643-50602-3. Retrieved 6 February 2025.
  5. ^ Facius, Friedrich; Absolon, Rudolf (1960). Wirtschaft und Staat: die Entwicklung der staatlichen Wirtschaftsverwaltung in Deutschland vom 17. Jahrhundert bis 1945 (in German). H. Boldt. p. 225. Retrieved 6 February 2025.
  6. ^ a b "Kurzbiographien der Personen in den "Akten der Reichskanzlei, Weimarer Republik"". www.bundesarchiv.de (in German). Retrieved 6 February 2025.
  7. ^ 50 [i.e. Fu nfzig] Jahre deutsches Wirtschaftsministerium (in German). Pressestelle d. Bundesministeriums für Wirtschaft. 1967. p. 90. Retrieved 6 February 2025.
  8. ^ Weiss, Max (1928). Politisches Handwörterbuch (Führer-ABC) (in German). Deutschnationale Schriftenvertriebsstelle. p. 502. Retrieved 6 February 2025.
  9. ^ Hübener, Erhard (1984). Lebenskreise: Lehr- und Wanderjahre eines Ministerpräsidenten (in German). Böhlau. p. 392. ISBN 978-3-412-05483-0. Retrieved 6 February 2025.
  10. ^ Horkenbach, Cuno (1931). Das deutsche Reich von 1918 bis heute. mit sachlicher Unterstützung der Reichsbehörden: Berichtsheft (in German). Verlag für Presse, Wirtschaft und Politik. p. 720. Retrieved 6 February 2025.
  11. ^ Huber, Ernst Rudolf (1978). Deutsche Verfassungsgeschichte seit 1789: Die Weimarer Reichsverfassung. [1. Aufl.]. 1981 (in German). W. Kohlhammer. p. 164. ISBN 978-3-17-001056-7. Retrieved 6 February 2025.
  12. ^ Fenske, Reiner (2022). Kolonialismus in der Weimarer Republik: Der "Deutsche Ostbund" und die "Deutsche Kolonialgesellschaft" in den 1920er Jahren (in German). LIT Verlag Münster. p. 187. ISBN 978-3-643-14596-3. Retrieved 7 February 2025.
  13. ^ Amt, Germany Auswärtiges (1967). Akten zur deutschen auswärtigen Politik, 1918-1945: 1925-1933 v. 1, pt. 1-2; 2, pt. 1-2; 3-19, 21 (in German). Impr. nationale. p. 517. Retrieved 7 February 2025.
  14. ^ Spaulding, Robert Mark (1 June 1997). Osthandel and Ostpolitik: German Foreign Trade Policies in Eastern Europe from Bismarck to Adenauer. Berghahn Books. p. 122. ISBN 978-1-80073-494-4. Retrieved 7 February 2025.
  15. ^ "Official Attacks German Spending". Washington Evening Star. 25 July 1925.
  16. ^ a b Sargent, Thomas J.; Hall, George; Ellison, Martin; Scott, Andrew; James, Harold; Dabla-Norris, Era; Broeck, Mark De; End, Nicolas; Marinkov, Marina; Gaspar, Vitor. "Chapter 6: Germany in the Interbellum: Camouflaging Sovereign Debt". Debt and Entanglements Between the Wars. International Monetary Fund. ISBN 978-1-5135-1179-5. Retrieved 7 February 2025.
  17. ^ Amt, Auswärtiges. "Old Bonds and Currencies". www.germany.info. Retrieved 7 February 2025.
  18. ^ "Luther Will Fill Up Gaps In Cabinet". Sarasota Daily Times. Associated Press. 27 October 1925. Retrieved 7 February 2025.
  19. ^ "What The World Is Doing". Saint Johns Daily Globe Newspaper. 25 November 1925. Retrieved 7 February 2025.
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