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August 20, 2017


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A basic (wiki) introduction to Nazi economics:


From above article:

"Pre-war economy: 1933–1939

The Nazis came to power in the midst of Great Depression . The unemployment rate at that point in time was close to 30%. [27] Hitler appointed Hjalmar Schacht , a former member of the German Democratic Party , as President of the Reichsbank in 1933 and Minister of Economics in 1934. [27] At first, Schacht continued the economic policies introduced by the government of Kurt von Schleicher in 1932 to combat the effects of the Great Depression. The inherited policies included a large
public works programs supported by deficit spending – such as the construction of the
Autobahn network – to stimulate the economy and reduce unemployment. [28] Following a Keynesian-style policy dependent upon heavy borrowing of “gigantic sums of money”, Nazi Germany’s national debt by 1939 “had reached 37.4 billion Reichmarks,” where even “Goebbels, who otherwise mocked the government’s financial experts as narrow-minded misers, expressed concern in his diary about the exploding deficit.” [29]"

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