1867-1922. German politician. He was a leading industrialist, and was appointed economic director during World War I, developing a system of economic planning in combination with capitalism. After the war he founded the Democratic Party, and became foreign minister 1922. The same year he signed the Rapallo Treaty of Friendship with the USSR, cancelling German and Soviet counter-claims for indemnities for World War I, and soon after was murdered by right-wing fanatics.