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