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

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

Keep scrolling for more