Schachtism

noun Schacht·ism \ ˈshäkˌtizəm , -äḵˌt- \

variants: or less commonly Schactianism \-tēəˌniz-\

Definition of Schachtism

plural -s

: trade and finance policies including exchange controls, bilateral trade agreements, multiple exchange rates, and other practices designed to benefit one nation at the expense of others

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Origin and Etymology of schachtism

schachtism from Hjalmar Schacht, born 1877 German financier + English -ism; schachtianism from Hjalmar Schacht + English -an + -ism; from Schacht's use of such policies as acting minister of national economy in Germany 1934–37