Hermann Warmbold

Hermann Warmbold (21 April 1876 - 11 March 1976) was a German independent politician and academic who served as Reich Minister of Economics during the Weimar Republic from 1931 to 1933, with a brief break in 1932.

During his time as minister, his primary focus was combatting the financial crisis in the republic as part of the Great Depression worldwide.

Warmbold then spent the rest of his career in obscurity, moving to Chile in 1945 to help the government led by Juan Antonio Ríos with agricultural affairs.

[16] Warmbold was then from 21 April to 7 November 1921 Minister of Agriculture in Adam Stegerwald's ministry of the Prussian state government.

[26] Warmbold was appointed because of IG Farben, who pressured Brüning to respond to the collapse of Germany's banks by providing credit-financed relief to the German industry.

[29] He also responded with ideas similar to that of the Reconstruction Finance Corporation of the United States, saying there needed to be immediate loans to the industry out of the treasury, which Paul von Hindenburg approved on 1 October.

[31][32] However, he officially stated that it was a difference in opinion with Brüning over working hours and the planned savings premium bond.

[36] In order to fund Papen's employment bill, which in the end cost $500,000,000, he embraced a reduction on interest rates on internal debt.

[38] It was generally predicted that Warmbold would lost his spot as minister upon Papen resigning, but he retained his ministerial role in Kurt von Schleicher's cabinet starting 3 December 1932.