Schachtism

noun

Schacht·​ism

ˈshäkˌtizəm,

-äḵˌt-

variants or less commonly Schactianism

-tēəˌniz-

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

Word History

Etymology

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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