Albert Neuhaus (9 July 1873 - 29 April 1948) was a German politician and civil servant of the DNVP. He most notably served as Reich Minister of Economics in Hans Luther's cabinet from 15 January to 26 October 1925,when he resigned,and was succeeded by Rudolf Krohne.
A member of the nationalist party,DNVP,he was appointed Reich Minister of Economics in January 1925. During this time he criticized the German private industry for their spending of foreign capital,and largely spent his time responding to the previous hyperinflation. Notable laws passed during his tenure to achieve this was the Loan Liquidation Act and Bond Redemption Law. He eventually resigned in October 1925,as did two other members of the DNVP in Luther's cabinet. This was in response to the Locarno Treaties,which were sent to the Reichstag,but of which the DNVP declared unsatisfactory because they wished for no concessions to France. After he left,he spent the rest of his career in obscurity and died in 1948.
In 1901 he became an assessor for the Prussian state government in Düsseldorf.[6] By 1902 he was an unskilled worker in Berlin at the Prussian Ministry of Trade and Industry.[7] In 1909 he was promoted to Government Councillor,in 1910 to Privy Councillor and Lecturer Councillor.[8] In 1914 he became Privy Senior Government Councillor.[9] Four years later he was promoted to Ministerial Director and Real Senior Privy Councillor.[10] In 1920 he left civil service to work in the private sector,where he worked at until he was appointed minister.[11] During this time he publicly commented on the debate of whether to keep German colonies by stating that they were necessary as space for German human settlement,a position he would continuously defend.[12]
He criticized the German private industry for spending foreign capital from the United States on advertising and other social activities instead of using it to increase production,and he also urged for more agricultural production to lessen purchases of food from abroad.[15] During his term,prices dropped in the second quarter of 1925 due to compromise legislation for investors,who expected partial compensation because of mark debt,which existed due to hyperinflation.[16] The Loan Liquidation Act was also passed,which qualified 73 billion reichsmarks Reich debt for conversion to 1.8 bllion reichsmarks loan liquidation debt.[16] Another important law passed during his time as minister was the Bond Redemption Law on 16 July which stipulated what German Reich bonds issued in the old Reich currency could be exchanged for German Reich loan redemption debt.[17]
He officially resigned on 26 October 1925.[18] The reason for his resignation was due to the Locarno Treaties,which was sent to the Reichstag,but of which the DNVP declared unsatisfactory because they wished for no concessions to France.[19]
Personal life
Neuhaus's grave at the Reformierte Friedhof Hochstraße in Wuppertal
He had a brother named Charles.[3] His wife was the daughter of Dr. Dittmar Finkler,a physician and professor.[3]
↑ "Official Attacks German Spending". Washington Evening Star. 25 July 1925.
1 2 Sargent, Thomas J.; Hall, George; Ellison, Martin; Scott, Andrew; James, Harold; Dabla-Norris, Era; Broeck, Mark De; End, Nicolas; Marinkov, Marina; Gaspar, Vitor. "Chapter 6: Germany in the Interbellum: Camouflaging Sovereign Debt". Debt and Entanglements Between the Wars. International Monetary Fund. ISBN978-1-5135-1179-5. Retrieved 7 February 2025.
↑ "What The World Is Doing". Saint Johns Daily Globe Newspaper. 25 November 1925. Retrieved 7 February 2025.
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