Third Reich Career
In March 1933, Funk was appointed as a State Secretary (Staatssekretär) at the Ministry of Public Enlightenment and Propaganda (Reichsministerium für Volksaufklärung und Propaganda). In 1938, he assumed the title of Chief Plenipotentiary for Economics (Wirtschaftsbeauftragter). He also became Reich Minister of Economics (Reichswirtschaftsminister) in February 1938, replacing Hjalmar Schacht, who had been dropped in November 1937. Schacht had been dismissed in a power struggle with Reichsmarschall Hermann Göring, who was quick to tie the ministry more closely to his Four Year Plan Office.
He boasted that by 1938, the authorities had managed to steal Jewish property worth two million marks.
In January 1939, Hitler appointed Funk as President of the Reichsbank, again replacing Schacht, and this way he became also a member of the board of directors of the Bank for International Settlements, based in Switzerland. He was appointed to the Central Planning Board in September 1943.
Read more about this topic: Walther Funk
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