Otto Renner was a person who lived a long time ago and did some very important things. He was a German economist and politician who was born in the year 1863 and passed away in 1924.
Now, what does an economist do? Well, an economist studies how people use money and resources to make, trade, and buy things. They try to understand how money and resources can be used in the best possible way to make everyone's lives better.
Renner was really smart, and he studied economics at a university. He became an expert in understanding how money and resources affect a country's economy. He also looked at things like wages, prices, and production to figure out how the economy is doing.
But Renner didn't just sit in a room and think about these things. He wanted to make a difference in the real world. So, he became a politician. A politician is someone who makes decisions and helps to run a country. Renner used his knowledge of economics to make good decisions for the people of Germany.
He became a member of the Social Democratic Party, which was a group of people who wanted to make sure that everyone in Germany had a fair and equal chance to have a good life. They believed that the government should help people who are struggling and make sure that everyone has access to things like education, healthcare, and fair working conditions.
Renner was very passionate about this idea, and he worked hard to make it a reality. He even became the Minister of Finance in Germany, which means he was in charge of the money for the whole country. He made sure that the government used its money in a fair and responsible way to help the people of Germany.
But Renner's work didn't stop there. He also wrote books and articles about economics and politics. These writings helped many other people understand how the economy works and how it can be improved to benefit everyone. He wanted to share his knowledge and ideas with as many people as possible so that they could also make a difference.
In summary, Otto Renner was a very important person who lived a long time ago. He was an economist and politician who wanted to make sure that everyone in Germany had a fair chance in life. He used his knowledge of economics to help make good decisions for the country and wrote books to share his ideas with others. He worked hard to create a better future for the people of Germany.