Walter Funk

Walter Funk was born into a merchant family in Danzkehmen, Kreis Stallupönen, East Prussia. He was the son of Wiesenbaumeister Walther Funk the elder and his wife Sophie (née Urbschat). He studied law, economics, and philosophy at the University of Berlin and the University of Leipzig. In World War I he joined the infantry but was discharged as unfit for service in 1916.

In 1919 Funk married Luise Schmidt-Sieben. Following the war he worked as a journalist, and in 1922 he became the editor of the center-right financial newspaper the Berliner Börsenzeitung. He joined the Nazi Party in 1931, and shortly thereafter became one of Hitler's personal economic advisers.

On 30 January 1933, he was made Press Chief in the Reich Government, and on 11 March 1933 became Under Secretary in the Ministry of Propaganda and shortly thereafter a leading figure in the various Nazi organizations which were used to control the press, films, music, and publishing houses.  He took office as Minister of Economics and Plenipotentiary General for War Economy in early 1938, and as President of the Reichsbank in January 1939.

Walter Funk became active in the economic field after the Nazi plans to wage aggressive war had been clearly defined. One of his representatives attended a conference on 14 October 1938, at which Goering announced a gigantic increase in armaments and instructed the Ministry of Economics to increase exports to obtain the necessary exchange.

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The Holocaust Education & Archive Research Team

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