Otto von Camphausen
Encyclopedia
Prussia
Prussia was a German kingdom and historic state originating out of the Duchy of Prussia and the Margraviate of Brandenburg. For centuries, the House of Hohenzollern ruled Prussia, successfully expanding its size by way of an unusually well-organized and effective army. Prussia shaped the history...
n statesman
Statesman
A statesman is usually a politician or other notable public figure who has had a long and respected career in politics or government at the national and international level. As a term of respect, it is usually left to supporters or commentators to use the term...
.
Biography
Camphausen was born at Hünshoven, part of GeilenkirchenGeilenkirchen
Geilenkirchen is a town in the district Heinsberg, in North Rhine-Westphalia, Germany. It is situated near the border with the Netherlands, on the river Wurm, approx. 15 km north-east of Heerlen and 20 km north of Aachen....
on the right bank of the River Wurm
Wurm
The Wurm is a river in Germany , a left tributary of the Rur. The source of the Wurm are several brooks in the forests southwest of Aachen, which form the Wurm after the Diepenbenden reservoir. From there the Wurm nowadays flows through canals through the city of Aachen, until it resurfaces at the...
, in the Rhine Province
Rhine Province
The Rhine Province , also known as Rhenish Prussia or synonymous to the Rhineland , was the westernmost province of the Kingdom of Prussia and the Free State of Prussia, within the German Reich, from 1822-1946. It was created from the provinces of the Lower Rhine and Jülich-Cleves-Berg...
. Having studied jurisprudence
Jurisprudence
Jurisprudence is the theory and philosophy of law. Scholars of jurisprudence, or legal theorists , hope to obtain a deeper understanding of the nature of law, of legal reasoning, legal systems and of legal institutions...
and political economy at the universities of Bonn
University of Bonn
The University of Bonn is a public research university located in Bonn, Germany. Founded in its present form in 1818, as the linear successor of earlier academic institutions, the University of Bonn is today one of the leading universities in Germany. The University of Bonn offers a large number...
, Heidelberg, Münich and Berlin, he entered the legal career at Cologne
Cologne
Cologne is Germany's fourth-largest city , and is the largest city both in the Germany Federal State of North Rhine-Westphalia and within the Rhine-Ruhr Metropolitan Area, one of the major European metropolitan areas with more than ten million inhabitants.Cologne is located on both sides of the...
, and immediately devoted his attention to financial and commercial questions.
Nominated assessor in 1837, he acted for five years in this capacity at Magdeburg
Magdeburg
Magdeburg , is the largest city and the capital city of the Bundesland of Saxony-Anhalt, Germany. Magdeburg is situated on the Elbe River and was one of the most important medieval cities of Europe....
and Coblenz, became in 1845 counsellor in the ministry of finance, and was in 1849 elected a member of the second chamber of the Prussian diet
Preußischer Landtag
Preußischer Landtag or Prussian Landtag was the Landtag of the Kingdom of Prussia, which was implemented in 1849 after the dissolution of the Prussian National Assembly, building on the tradition of the Prussian estates that had existed from the 14th century in various forms and states in Teutonic...
, joining the Moderate Liberal
Liberalism
Liberalism is the belief in the importance of liberty and equal rights. Liberals espouse a wide array of views depending on their understanding of these principles, but generally, liberals support ideas such as constitutionalism, liberal democracy, free and fair elections, human rights,...
party.
In 1869 he was appointed minister of finance. On taking office, he was confronted with a deficit in the revenue, which he successfully cleared off by effecting a conversion of a greater part of the state loans. The Franco-Prussian War
Franco-Prussian War
The Franco-Prussian War or Franco-German War, often referred to in France as the 1870 War was a conflict between the Second French Empire and the Kingdom of Prussia. Prussia was aided by the North German Confederation, of which it was a member, and the South German states of Baden, Württemberg and...
indemnity enabled him to redeem a considerable portion of the state debt and to remit certain taxes. He was, however, a too warm adherent of free trade
Free trade
Under a free trade policy, prices emerge from supply and demand, and are the sole determinant of resource allocation. 'Free' trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by price strategies that may differ from...
principles to enjoy the confidence either of the Agrarian party or of Prince Otto von Bismarck
Otto von Bismarck
Otto Eduard Leopold, Prince of Bismarck, Duke of Lauenburg , simply known as Otto von Bismarck, was a Prussian-German statesman whose actions unified Germany, made it a major player in world affairs, and created a balance of power that kept Europe at peace after 1871.As Minister President of...
, and his antagonism to the tobacco
Tobacco
Tobacco is an agricultural product processed from the leaves of plants in the genus Nicotiana. It can be consumed, used as a pesticide and, in the form of nicotine tartrate, used in some medicines...
monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
and the general economic policy of the latter brought about his retirement.
Camphausen's great services to Prussia were recognized by his sovereign in the bestowal of the Order of the Black Eagle
Order of the Black Eagle
The Order of the Black Eagle was the highest order of chivalry in the Kingdom of Prussia. The order was founded on 17 January 1701 by Elector Friedrich III of Brandenburg . In his Dutch exile after WWI, deposed Emperor Wilhelm II continued to award the order to his family...
in 1895, a dignity carrying with it a patent of nobility. He died at Berlin
Berlin
Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...
.