In his initial weeks as chancellor, Hitler aggressively dismantled democratic structures, curtailing civil liberties and threatening state rights. A significant focus of his campaign was the German central bank, where he encountered resistance from president Hans Luther, a staunch fiscal conservative. Luther protested Nazi storm troopers' illegal actions at the bank, declaring it an independent entity. Despite early indications that Hitler sought Luther's resignation, the president stood firm against Hitler's revolutionary intentions, setting the stage for a critical clash between the regime and the financial institution.
Hitler's appointment as chancellor signified a turning point as he launched a series of actions undermining civil liberties and state rights, particularly targeting the German central bank.
Hans Luther, president of the Reichsbank, opposed Nazi actions that violated the law, insisting on independence for the bank against Hitler's revolutionary claims.
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