and financed right wing groups such as the Freikorps. Captain Waldemar Pabst, who was responsible for the murder of Rosa Luxemburg and Karl Liebknecht, is said to have been financed through one of his confidantes. Already at the end of 1918 he had contributed around 4.4 million Reichsmark to the financing of the Alfred Hugenberg, which was supposed to carry nationalist propaganda to the population and which later became the nation-wide propaganda machine for Adolf Hitler's NSDAP. In June 1920, after the German Revolution, Stinnes was elected to the Reichstag. He acted as spokesman for German industry towards trade unions and laid the foundation of today's system of cooperation between the unions and employers in Germany. The introduction of the eight-hour day is a prime example. Stinnes denounced the Kapp Putsch as a senseless adventure, but at the same time made friendly gestures towards Wolfgang Kapp personally. Substantial support was provided by Stinnes to the NSDAP. It is assumed that it was his donations to the Nazi party treasury that created the financial base of the Beer Hall Putsch. About the time of his election to the Reichstag, Stinnes began to buy up leading German newspapers, one of his main objects being to organize a solid and powerful bloc of opinion in Germany in support of law and order and the promotion of the highest industrial and commercial efficiency. His newspaper purchases included the Deutsche Allgemeine Zeitung in Berlin, formerly the organ of Otto von Bismarck and then of all the succeeding German governments, the Münchener Neueste Nachrichten and the München-Augsburger Zeitung, the latter being one of the oldest newspapers in Germany. Both of the Munich journals were previously exponents of a very much more democratic trend of opinion than that which came to characterize them under his proprietorship. Ancillary to these acquisitions, Stinnes secured large interests in paper mills in order to make his newspapers independent of the paper market. Later life By the early 1920s, Stinnes was also using his influence in the press to attack the Versailles Treaty. Stinnes used his access to hard foreign currency during the period of inflation in the Weimar Republic to borrow vast sums in Reichsmark, repaying the loans with nearly worthless currency later. This earned him the title of "" (Inflation King). In 1923, the American magazine Time called him "The New Emperor of Germany" to describe his far-reaching political influence