Schachtism

noun
Schacht·​ism | \ ˈshäkˌtizəm, -äḵˌt- \
variants: or less commonly Schactianism \ -​tēəˌniz-​ \
plural -s

Definition of Schachtism

: 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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History and Etymology for 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

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Cite this Entry

“Schachtism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Schachtism. Accessed 3 Jul. 2022.

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