How was Germany able to recover so quickly from economic devastation after WWII and the depression? Just looking at wikipedia it seems like he nationalized some industries while privatizing others. What's the logic behind it all? Italy too
>inb4 "naziboo"
They were warmongers as far as I am concerned, I'm just concerned about the economy
Fascist economy
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A combination of looting, unsustainable loans, and delicious Keynesianism
borrowing lots of money and basically mortgaging the economy to fuel a massive rearmament.
also: price controls and wage controls and the stripping back of workers rights.
they were headed for a financial cliff. war was a necessity otherwise germany would have been in the shitter, economically.
>they were headed for a financial cliff. war was a necessity otherwise germany would have been in the shitter, economically.
I hear this said often, where can I read about it?
peter tooze wages of destruction is the most common
After WW2 they basically dug up their back up currency that the economists thought up when they realised the entire economy was running on fumes and would collapse.
apparantly this is a good economy speech
but no germanons can be bothered to translate it for me
Look at the bibliography of that Wikipedia page, Tooze and Overy's works are the most popular. Overy is less convinced about the heading for collapse thesis, but both show it wasn't a recovery in the Keynesian sense of reviving consumer demand.
Short answer: Most of the work was done during the Weimar Republic, the Nazis only reaped the fruits of a massive 10 year old effort to stabilize the economy.
Also the country never truly recovered once Hitler seized power and began his rearmamentation program, throughout the war the country was on the brink of financial ruin, surviving on promises of MEFO bills and the spoils of war.
>Fascist economy
>Germany