Leo Sepp

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Leo Sepp (born October 26th July / November 7th  1892 greg. In the parish of Simuna ; † December 13, 1941 in the Usolje prison camp , Molotov Oblast , Soviet Union ) was an Estonian financial expert and politician.

Life, economy, politics

Leo Sepp completed his commercial studies at the Polytechnic in the Livonian capital Riga in 1914 . From 1913 to 1917 he was employed by the Mutual Credit Union in Viljandi , of which he later became a member of the executive committee.

In 1917, during the First World War , he was the head of the militia in the Estonian city ​​of Viljandi and later the district administrator of Viljandi County . There he was arrested by the Bolsheviks and taken to Russia in 1918 . After the peace treaty of Brest-Litovsk he was released. On the Estonian side, Sepp took part in the war of independence against Soviet Russia (1918–1920).

In the young Republic of Estonia, the economic liberal Sepp was director of the Estonian Central Bank ( Eesti Pank ) from 1921 to 1924 . The non-party Sepp was finance minister from December 1924 to December 1927 in the four cabinets of state elders Jüri Jaakson and Jaan Teemant .

Finance Minister Leo Sepp is considered to be one of the fathers of the successful Estonian currency reform of 1927. At that time, based on the gold standard, the Estonian mark was replaced by the Estonian kroon and the independence of Eesti Pank was guaranteed. The currency was supported by a British loan on the initiative of Sepp, which was brokered through the League of Nations .

From 1928 to 1930 Sepp was director of the Tallinn Commercial Bank. From 1933 he was director of the "Baltic Cotton Spinning and Weaving Ltd." founded in 1898 ( Balti Puuvilla Ketramise yes Kudumise Vabrik AS ) in Tallinn , one of the largest textile producers in the Baltic States .

In the cabinet of State Elder Kaarel Eenpalu , Sepp was Estonian Minister of Economics from May 1938 to October 1939. He held the same office in the cabinet of Prime Minister Jüri Uluots until the Soviet occupation of Estonia in June 1940 .

With the Soviet occupation of Estonia, Leo Sepp was arrested on February 15, 1941. He died in the gulag that same year .

literature

  • Eesti elulood. Tallinn: Eesti Entsüklopeediakirjastus 2000 (= Eesti Entsüklopeedia 14) ISBN 9985-70-064-3 , p. 471

Individual evidence

  1. ↑ Archived copy ( Memento of the original from April 20, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.hot.ee
  2. ↑ http://www.hwph.de/historische-wertpapiere/losnr-auktnr-pa13-660.html
  3. ↑ http://www.rotary.ee/index.php?frm_app_page=6&frm_app_action=1&frm_app_id=416
personal data
SURNAME Sepp, Leo
BRIEF DESCRIPTION Estonian politician and financial expert
DATE OF BIRTH November 7, 1892
PLACE OF BIRTH Parish Simuna
DATE OF DEATH December 13, 1941
Place of death Usolye prison camp , Molotov Oblast , Soviet Union