They were still poor the only reason the economy had a slight bump was because the previous government had lifted the gold standard much like they drew up the autobahn the only reason they were stable was because war is profitable and that only lasted 3 years nazi germany makes Dogshit communism economics look like gospel
You are wrong about the notion that the Nazis used more public works projects than the Weimar Republic. The very word "privatization" and "reprivatization" were invented to describe Nazi Germany and Fascist Italy. Hitler and Mussolini privatized as much as Reagan, Thatcher, and Pinochet. FDR, Stalin, and Mao did the exact opposite. Your video is dead wrong and you should make a new one to set the record straight: papers.ssrn.com/sol3/papers.cfm?abstract_id=895247 "The Great Depression spurred state ownership in Western capitalist countries. Germany was no exception; the last governments in the Weimar Republic took over firms in diverse sectors. Later, the Nazi regime transferred public ownership and public services to the private sector. In doing so, they went against the mainstream in the Western capitalistic countries, none of which systematically reprivatized firms during the 1930s. Privatization in Nazi Germany was also unique in transferring to private hands the production of public services previously delivered by government. Both the firms and the services transferred to private ownership belonged to diverse sectors. Privatization was part of an intentional policy with multiple objectives and was not ideologically driven. As has been usual in recent privatizations, particularly within the European Union, strong financial restrictions were a central motivation. In addition, privatization was used as a political tool to enhance support for the government and to reinforce support to the Nazi Party." Hitler and Mussolini used Privatization far more than public works projects. Fascists sell off the welfare state to pay for a massive warfare state of prisons, cops, and military. www.researchgate.net/publication/46447401_From_Public_to_Private_Privatization_in_1920's_Fascist_Italy "Bismarck had nationalized healthcare in Germany in 1871. Hitler "removed the state monopoly" and privatized health insurance...." "German Railways was the largest public enterprise in the world. It went all the way to Russia in the east and it went all the way to France on the West!" twitter.com/historic_ly/status/1203537047383752704 For amusement: en.wikipedia.org/wiki/William_Dudley_Pelley
@@MichaelShulski Mussolini's Italy had the largest state ownership of the economy of any country outside of the USSR. The privatization stopped in 1936 with the inauguration of the four year plan, the economic recovery, and Hitler's consolidation of control. Post 1936 the Reichsbahn was re-nationalized along with the veringnite steelworks, and the state owned Herman Goring works was established as Germany's largest steel producer. The "privatized" commerical banks were compelled to purchase government bonds and barred from lending to unapproved projects, hardly private! There's a reason Germa Bel ends his paper at 1936, which is that after 1936 the "Hitler was a capitalist, narrative is impossible to maintain.
Very insightful, I see few draw backs for the German people considering the poverty they came out of post treaty of Versailles. Also the women got a choice between work and another life. Most women at that time even in the states didn't want to work or even vote for that matter considering it entailed public service(this is in reference to the US).
@@franknwogu4911 It's Germany and they are Germans. besides the post war treaty(Versailles) weimar Germans literally were dealing with massive hardship. High inflation leading to mass poverty because of previously mentioned treaty. Their country was used by foreigners because outside currency went along way, not to mention became a hotbed of sexual perversion because it was a way for women to earn money and there were few options. So sex for money(outside money) was cheap for sexual tourists. I'd say they were oppressed through the use of high and unfair war costs for a war they didn't start. Having to deal with far left and right groups jaded because their institutions failed them. Who cares about the minorities, it's Germany and like I said, they are Germans. A lot of warning signs of what happened around that time oddly mimic our current era, I fear we might be headed in that direction again. Either way, people rightfully become angry when they and their people are abused and mistreated.
@@bobdob6612 Hitler actually took power when the German economy was already improving, in fact Hitler did not do much as he was already handed a pretty healthy and improving economy. Now, Hitler did make things worse by changing the economy over to war time and that put major stress on every sector. A war time economy is a temporary economy so factories built for war have very little use for civilian use so it is very very wasteful in the long term. There were a few key factories in Germany that did become civilian use after the war but most of the factories were demolished. Even in the USA which had the money for war most of the factories were demolished and removed. The only industry that really befitted from WW2 was airplane factories and 10 of the 40 or so built for WW2 are still in use today at Boeing and Lockheed although they look very different today it is the same building overall so they are still in use but most other factories do not exist any more or they were converted in to storage places. Again, a war time economy is a temporary one so very very wasteful from an economic perspective overall.
oh nooooo, women had to raise a family instead of working in a factory, and farmers couldn't inflate the cost of food, for their own greed and profits. so evil! :(
@@mrwetcloth4571 maybe learn history and can you tell me why 97% voted for hitler and german back then was happiest country in whole world with best economy... Or you think this modern global banking system based on usury is better or good???... All bad things are caused of that
@@paskasaatana6298 people voted for it because of many reason that were not based on popularity. Many feared the communist Revolution, Spartkist uprising in 1919 lead by rosa Luxembourg. The KPD ( communist party) was funded by the Soviets however the nazi stopped them from voting, if you have ever heard of the enabling act of March 1933 you would know that was crucial in creating the nazi dictatorship. Goering himself ordered SS to stand outside the Reichstag and not allow any left wing communist in for the vote, so how their popularity and policies came to place was not based on popularity. The hyperinflation of 1923 with Weimar and then The Great Depression in 1929 with really high unemployment and poverty, the NSDAP, particularly Hitler stated that he will get rid of unemployment, he did this once he came to power but only worth lies, forcing men between the ages of 18-25 years old to go to the army and they had no choice. Women were fired from all jobs and forced to stay in the house as they were only seen as a baby machine, this later changed with Goering in the four year plan along with Albert Speer during WWII. Once coming to power the nazis worked to dismantle the Reichstag, after the Reichstag fire they place a decree that took away freedom of speech, the Germany people were trapped and anyone anti Nazi was put in concentrated camps. The 97% you’ve said is off from a party that lied about what it wanted so shut the fuck up about you know history as if I don’t when I study it lmao, idiot.
@@paskasaatana6298 man really said best economy. The Weimar and Nazi years were full of economic turmoil. The only good period was the golden years in 1924-26, rather that there was so much poverty. The economy was a command economy where people were not making a lot of money, it was slave labour.
they tried to remove currency from the system(part of hitlers more communist beliefs), but a good amount of this happened due to price controls and straight up forced appropriation by the state.
Probably the most important fact conveniently left out! (Because it worked so well and threatens our own Central banks). In addition, "Slave labor" was simply labor generated from the internment camps, not unlike those found in Canada and the US during the war. But then that doesn't align with those "death" camps with "Arbeicht macht frei" strangely emblazoned at their gates. History is written by...
@@jamesreynolds6195 because they want Lesbians in the workforce High tax rates Homosexuality pushed on the workplace Children learning negro hip hop and how to rap
Women were not forced to be mothers??? Over a million women ENTERED the workforce. Itrs true there were programs to encourage motherhood (forgiving a quarter of a government backed 0 interest debt), but thats not force.
He and his party definitely sorted out the economy and made his country more productive. In the Weimar Republic time inflation went out of control it was ridiculous. So you can understand why many people voted him in to become chancellor at the time.
@@emreahmet167 do you even know how germany was before it? Yeah you are not wrong but not everything can be as we want, it was a good plan and it worked.
You have no idea what you are talking about. Hitler changed the economy in to war time which means all the economy did was one thing and that is to prepare for war and that does not build a proper foundation for a country's long term economy. A war time economy is TEMPORARY so almost everything that was invested in to the economy was thrown away after the war!! You cannot build a worse economic system. Very bad. In the USA most of the factories for WW2 were removed and are gone today but the USA had the money for this, Germany did not but in both cases so much money was invested in to factories that after the war were torn down. The big success in the USA was the airplane factories that 10 of 40 still today are building airplanes for Boeing and Lockheed so that was not a bad investment but most of the other factories are either storage or demolished.
This seems like a decent even-handed report. At about 0:35/13:17, however, reference is made to "the 1929 stock market crash" but no mention was made to the hyperinflationary period within Germany itself so I didn't feel like I could stand in German shoes and understand a German of that time period. There would seem to be economic matters of concern closer to Germany and within Germany. Did Germany have a stock market crash as well as the NYSE? How strongly did Germany feel the effects of the stock market crash in the U.S.A. ? What were American multinationals like Ford and IBM doing in Germany at that time? What were Germany's multinational corporations doing? What effect did return of the Ruhr have on the German economy? No mention was made of some of the innovative financial ideas such as Treasury Labor Certificates but the development of the transportation infrastructure was mentioned.
Thank you for your well thought out feedback, appreciated! We did actually reference the 1929 Stock Market Crash in another video: ua-cam.com/video/yspvrnjRaSc/v-deo.html - it's part of our Weimar Germany & Nazi Germany video series. Thank you for taking the time however to give us feedback, we will take that onboard.
Because of how American banks were financing the Germans and keeping them up during the weimar era, when the crash occured...Germans were some of the hardest hit, that along with the trauma that was induced in the population(u could see it in the extreme decadence of the weimar republic) lead to them in an extremely sad state after the crash(worse than US and much more worse than the likes of UK which had stronger banks relatively speaking ofc)
The Dawes plan was initiated in 24 after agreeing to pay back reparations at lower rates, it basically consisted of Germany taking massive loans from The US to help pay for WW1, and kick out French and Belgians from occupation at the time. When the 29 crash happened, those loans dried up and 6000% inflation insued, crippling them again. He made the front cover of Time Magazine in 36 for his efforts. Amazing what you can achieve when you have the Central Banks off your backs.
So More Work, more jobs, better quality products, More buildings, more Population, more army, bigger economy, Trying to be self sufficient as possible What did I miss?
@Martin P That's why I only said "pretty similar". Nazis also conducted international trade but mainly with Europe. en.wikipedia.org/wiki/Economy_of_Nazi_Germany#Foreign_trade_relations
"Rearming created many jobs" Just because doing X creates jobs, it does not mean it is economically beneficial. Example: building an airport in which not a single plane ever lands or takes off or lands would creates jobs....but it would be a cost with zero economic benefit. From an economic point of view, you might as well just pay those workers to stay home and do nothing,
So as every Freshman learned in High School for research papers PROVIDE your SOURCES I see no sources listed here that support your work/thesis yet this is billed as education/tutoring channel tisk tisk
@@cpkingadam5 Germany asked for an Armistice, realising the war was lost. The terms of the Armistice included various disarmament clauses to hopefully prevent hostilities recommencing, although Germany was in no position to do so anyway.
@@bolivar2153 This is a tone deaf comment .. Germany lost, true .. but who won? .. answer is no-one UK and France destroyed themselves Russia collapsed .. no-one won .. the treaty of Versailles was an unmitigated disaster for all parties concerned ..
@@dendradwar9464 I would say that is a somewhat narrow view. Many nations retained their existence because of that victory. Many nations regained their existence and independence because of that victory, and indeed through Versailles. Versailles and it's associated Treaties were not perfect, a flawed peace if you like, but by this time Europe was so ravaged by the effects of war, it was like sticking a band-aid on a trauma victim. A system that had taken centuries to create was destroyed virtually overnight. To expect that any kind of peace could be achieved in the space of a few short months was ever going to be able to restore order and harmony to the complete satisfaction of everyone involved would be rather naive.
I hoped that this vid would have been objective and scholarly prepared. Not informative vid. Do normal people atill believe this kind of history that is full of negativity and bad intentions?
A necessary correction? Hitler did not invent the Autobahn. This was an invention of the Weimar republic. But Hitler realized the potential for the Autobahn in WW2, that he was planing for. The germans did not have trucks i WW1 as had the French. Von Ludendorff later lamented this fact as one important factor for german defeat in WW1.
No mention of where all the money was coming from. Was the German Treasury borrowing from International Bankers? Printing money? (Unlikely) Is there an unmentioned Export that funds all the State spending? Were the terrible Inflation Rates of the 1920s reversed? If so, how? We are still left puzzled by these unanswered questions.
It printed money. Because people feared that after the hyperinflation of the 1920s it was disguised as Mefo bills. A fake company with an almost unlimited overdaft it was basically a cheque book and the Government guaranteed to pay it - by printing money. Now it was planned as a five year loan the Government to in effect destroy the money after 5 years so first year these bills amounted to approximately 5 billion so five years later 5 billion was supposed to be taken out of circulation. 5 years later firstly Hitler refused to pay it and secondly these bills by then anounted to 60 billion RM. This threatened hyperinflation yet again. They over came it by invading where a new currency was issued that could only be spent in occupied territories and the exchange rate was very favourable. It saw vast amounts of consumer goods purchased abroad and sent back home to be either consumed or sold to friends and family. In effect this exported their inflation to places like Poland, France and Greece. It also allowed more price controls and rationing to be introduced in Germany resulting in people saving their money. In reality these savings were actually plundered by the Govt too without the people knowing. This had actually happened in the West in WW1 as well. This kind of worked so long as people saved. Later though when it became obvious Germany wanted to lose the war people began to withdraw their money and that meant printing more. They realised the currency was going to plummet in value and the bombing was seeing demand soar for consumer goods. Shoes were in particular demand supply of all leather goods negligible. Army consumed it all for boots, belts, saddles for hourses etc. So people wanted to convert their cash into goods they could later sell probably for a profit and started demanding their savings be paid in cash so inflation returned towards and continued after the war later seeing the RM replaced by the DM at a rate of 10RM to 1DM. The Govt also ran up other debts before and during the war. It was paying about 3 billion in interest by 1939 and during the war it pillaged many billions especially from France. Others were forced to provide vast amounts of raw materials like copper and bauxite etc on credit. Some neutrals fearing invasion if they didnt provided such stuff on credit sent loads of iron ore, tungsten, chromium etc on a credit basis. A lot of this debt was later written off. So yes they did indeed print money. 60 billion even before WW2 but they pushed the hyperinflation abroad mostly until very late in the war and into the post war era when the currency was replaced on a 10 to 1 basis with the DM. Post war rationing remained and the black market thrived but almost exclusively in US dollars. My father was a diplomat from the 1950s onwards and new many who made quite a lot of money from selling whatever in dollars in Germany in the post war era. He didnt!! As he wasnt posted to Germany until the 1970s but you could buy a car in the UK plus cigarettes or whatever take it all to Germany and sell it all for a nice profit and so thats what they did. Even later in the 1960s and 70s in Moscow and Eastern Europe they literally offered to buy the jeans we were wearing alas in worthless local currency but cars as an example could sometimes find a buyer in US dollars, usually a high ranking official who could exchange his rubles for US dollars.
The government made a company that gave out MOFO bills that also paid interest. Basically they validated Monopoly money and used it internally in Germany. That’s also how they didn’t get caught rearming
Partly they were able to avoid inflation because of the MeFo-bill" system, which created a parallel economy for the war industry, also price ceiling prevented eg agricultural products' prices to increase.
@@jonas2674 that doesn't account for much and thd War Industry didn't get going until 1938. Germany already had the highest standard of living in Europe by then.
So, where did all the money come from? As building infrastructures, rearmament, producing weapons, improving welfare for the working class etc needs huge amount of money.
Money actually needs something to back it up. And Germany had no gold nothing. Which is why countries that print money forever are bound to run into trouble, because dollars have to be backed up by something. The German labour and quality of German goods backed up the money. In this case, German goods, products et cetera brought back the German economy as soon as Hitler introduced stimulative policies.
@H L no, if you wanted something like a prohibition to built a house on your real estate, you had to be a party member or in a "party affiliation" like SS, NSKK, etc. Plus you had to give bribe money. And if you were not on good terms with high ranked part officials, these bribes rose and rose. Corruption was very common. How do you think so many Nazi officials could buy work of arts with a salary that was nominally not that much?
@@schusterlehrling why so biased» just stop spreading propaganda, the germans never bought these art pieces, they simply got them from looting, just like Napoleon did in his years. Th NSDAP wasnt corrupt, they were for the people.
Not a single worker got their promised "Volkswagen", the few that got produced were given to diplomatic corps and military officials. Also wages stayed the same even though life was more expensive.
@@JebHATEStheworld ua-cam.com/video/aac7Argj7SI/v-deo.html this talk about wages and cost of living, might need more research to confirm if it's really true or not tho
very bias and one sided she forgot to mention before hitler people were starving in the street and that berlin was one of Europe's most popular tourist sites
On the contrary that just ends up making things worse in the long run. You can't throw money into a society and expect to work out just fine. Cycles will form and there will be a subsequent bust, which Hitler anticipated. That's why he switched to a much more aggressive foreign policy, to loot and drain resources from surrounding countries to keep the German machine going for longer.
germans are aryans in their mind, i dont understand why have to specify of european ancestry, of course they are europeans, germans arent americans or asians arent they? just like the rest of europe.
@@levelzanimations it was a socialist country, yes the compsnies remained on private hands on paper BUT its in records that the german government of the time told exatcly to companies what to produce, how much and where, so basicaly government run companies, aka socialist economy.
@@ivanbro1208 socialism has nothing to do with government, anarchist in Spain were anti government. nazi Germany was also called the "dictatorship of the bourgeoisie" which means capitalism
Jesus Christ is the son of God who died and rose three days later and loves all of you. He died for everyone and wants you with Him, to know Him and live for His glory. Come be saved eternally and spend time with Him to know Him. Be free forgiven healed delivered saved baptized and let Him show you how He is everything you need. Ask anything in His name
@@lazzledazzle7827 everyone needs Jesus whether they realize it or not. People without Him really need Him. People who have Him, still need Him. He's out answer to everything and He's to be our everything. 💕 It's great you see I'm evangelizing. Are you in need of Jesus? Have Him already? ❤️
the allies tried to discredit it but if you look into genetics and especially y chromosome haplogroups you will find that europeans and asians are the most modern humans with highest brain capacity.
@B.Lewis the hell with european descent...the origin of that word is from the vedas and its nothing close to a race i clearly dont understand how that word became a race
@@Kiran-jf3fx because hindus have been conquered by aryans, which is a name give to nobles, because when europeans conquered those lands they became nobles. It also explains why indian languagfes like sanskrit and english are tied; all are indo-europeans languages. So are the mythologies. And R1b genes are our common genes.
This is quite Insightful. I now have a better understanding of Adolf Hitler's economic policies(WEIL) and the strategies adopted via his 1st (Schacht ) and 2nd (Goering)ministers. (Bolu@HillviewSchoolforGirls)
Small businesses suffered and 20% closed?
Seems like 80% didn’t suffer
Better rates than the USA!
If you want a real blackpill, try googling what percent of small business went bankrupt as a result of covid lockdowns.
Germany during that time had a very progressive tax structure. You have to tax the rich hint hint 👃
They were still poor the only reason the economy had a slight bump was because the previous government had lifted the gold standard much like they drew up the autobahn the only reason they were stable was because war is profitable and that only lasted 3 years nazi germany makes Dogshit communism economics look like gospel
No. They had a 65% tax rate for the working class. Pre war Germany had in no ways a progressive nor productive economy
So, like two women wanting a job, the other 99% loved it at home.
Forgive our error at 11:18... we meant 53 hours A WEEK, not a day! :-)
Happy revising!
You are wrong about the notion that the Nazis used more public works projects than the Weimar Republic. The very word "privatization" and "reprivatization" were invented to describe Nazi Germany and Fascist Italy. Hitler and Mussolini privatized as much as Reagan, Thatcher, and Pinochet. FDR, Stalin, and Mao did the exact opposite. Your video is dead wrong and you should make a new one to set the record straight:
papers.ssrn.com/sol3/papers.cfm?abstract_id=895247
"The Great Depression spurred state ownership in Western capitalist countries. Germany was no exception; the last governments in the Weimar Republic took over firms in diverse sectors. Later, the Nazi regime transferred public ownership and public services to the private sector. In doing so, they went against the mainstream in the Western capitalistic countries, none of which systematically reprivatized firms during the 1930s. Privatization in Nazi Germany was also unique in transferring to private hands the production of public services previously delivered by government. Both the firms and the services transferred to private ownership belonged to diverse sectors. Privatization was part of an intentional policy with multiple objectives and was not ideologically driven. As has been usual in recent privatizations, particularly within the European Union, strong financial restrictions were a central motivation. In addition, privatization was used as a political tool to enhance support for the government and to reinforce support to the Nazi Party."
Hitler and Mussolini used Privatization far more than public works projects. Fascists sell off the welfare state to pay for a massive warfare state of prisons, cops, and military.
www.researchgate.net/publication/46447401_From_Public_to_Private_Privatization_in_1920's_Fascist_Italy
"Bismarck had nationalized healthcare in Germany in 1871. Hitler "removed the state monopoly" and privatized health insurance...."
"German Railways was the largest public enterprise in the world. It went all the way to Russia in the east and it went all the way to France on the West!"
twitter.com/historic_ly/status/1203537047383752704
For amusement:
en.wikipedia.org/wiki/William_Dudley_Pelley
Why I oughta...
@@MichaelShulski Mussolini's Italy had the largest state ownership of the economy of any country outside of the USSR.
The privatization stopped in 1936 with the inauguration of the four year plan, the economic recovery, and Hitler's consolidation of control. Post 1936 the Reichsbahn was re-nationalized along with the veringnite steelworks, and the state owned Herman Goring works was established as Germany's largest steel producer. The "privatized" commerical banks were compelled to purchase government bonds and barred from lending to unapproved projects, hardly private!
There's a reason Germa Bel ends his paper at 1936, which is that after 1936 the "Hitler was a capitalist, narrative is impossible to maintain.
Very insightful, I see few draw backs for the German people considering the poverty they came out of post treaty of Versailles. Also the women got a choice between work and another life. Most women at that time even in the states didn't want to work or even vote for that matter considering it entailed public service(this is in reference to the US).
wtf dude, the plan literally had concentration camps
are you blind?
@@franknwogu4911 I don't see what one has to do with the other. I'm talking about what benefited the Germans.
@@bobdob6612 well i was considering the oppressed not the majority
@@franknwogu4911 It's Germany and they are Germans. besides the post war treaty(Versailles) weimar Germans literally were dealing with massive hardship. High inflation leading to mass poverty because of previously mentioned treaty. Their country was used by foreigners because outside currency went along way, not to mention became a hotbed of sexual perversion because it was a way for women to earn money and there were few options. So sex for money(outside money) was cheap for sexual tourists. I'd say they were oppressed through the use of high and unfair war costs for a war they didn't start. Having to deal with far left and right groups jaded because their institutions failed them. Who cares about the minorities, it's Germany and like I said, they are Germans. A lot of warning signs of what happened around that time oddly mimic our current era, I fear we might be headed in that direction again. Either way, people rightfully become angry when they and their people are abused and mistreated.
@@bobdob6612 Hitler actually took power when the German economy was already improving, in fact Hitler did not do much as he was already handed a pretty healthy and improving economy. Now, Hitler did make things worse by changing the economy over to war time and that put major stress on every sector. A war time economy is a temporary economy so factories built for war have very little use for civilian use so it is very very wasteful in the long term. There were a few key factories in Germany that did become civilian use after the war but most of the factories were demolished. Even in the USA which had the money for war most of the factories were demolished and removed. The only industry that really befitted from WW2 was airplane factories and 10 of the 40 or so built for WW2 are still in use today at Boeing and Lockheed although they look very different today it is the same building overall so they are still in use but most other factories do not exist any more or they were converted in to storage places. Again, a war time economy is a temporary one so very very wasteful from an economic perspective overall.
oh nooooo, women had to raise a family instead of working in a factory, and farmers couldn't inflate the cost of food, for their own greed and profits. so evil! :(
what the hell
Women were forced to only have one lifestyle and farmers prices were defined by the government….. so clearly not good
@@mrwetcloth4571 maybe learn history and can you tell me why 97% voted for hitler and german back then was happiest country in whole world with best economy... Or you think this modern global banking system
based on usury is better or good???... All bad things are caused of that
@@paskasaatana6298 people voted for it because of many reason that were not based on popularity. Many feared the communist Revolution, Spartkist uprising in 1919 lead by rosa Luxembourg. The KPD ( communist party) was funded by the Soviets however the nazi stopped them from voting, if you have ever heard of the enabling act of March 1933 you would know that was crucial in creating the nazi dictatorship. Goering himself ordered SS to stand outside the Reichstag and not allow any left wing communist in for the vote, so how their popularity and policies came to place was not based on popularity.
The hyperinflation of 1923 with Weimar and then The Great Depression in 1929 with really high unemployment and poverty, the NSDAP, particularly Hitler stated that he will get rid of unemployment, he did this once he came to power but only worth lies, forcing men between the ages of 18-25 years old to go to the army and they had no choice. Women were fired from all jobs and forced to stay in the house as they were only seen as a baby machine, this later changed with Goering in the four year plan along with Albert Speer during WWII.
Once coming to power the nazis worked to dismantle the Reichstag, after the Reichstag fire they place a decree that took away freedom of speech, the Germany people were trapped and anyone anti Nazi was put in concentrated camps. The 97% you’ve said is off from a party that lied about what it wanted so shut the fuck up about you know history as if I don’t when I study it lmao, idiot.
@@paskasaatana6298 man really said best economy. The Weimar and Nazi years were full of economic turmoil. The only good period was the golden years in 1924-26, rather that there was so much poverty. The economy was a command economy where people were not making a lot of money, it was slave labour.
There was no interest in the banking system during their tenure.
they tried to remove currency from the system(part of hitlers more communist beliefs), but a good amount of this happened due to price controls and straight up forced appropriation by the state.
Probably the most important fact conveniently left out! (Because it worked so well and threatens our own Central banks). In addition, "Slave labor" was simply labor generated from the internment camps, not unlike those found in Canada and the US during the war. But then that doesn't align with those "death" camps with "Arbeicht macht frei" strangely emblazoned at their gates. History is written by...
@@jamesreynolds6195 because they want
Lesbians in the workforce
High tax rates
Homosexuality pushed on the workplace
Children learning negro hip hop and how to rap
@@jamesreynolds6195 they want to keep people believing that diversity is muh strength
The Victor!
"History will be nice to me, since I attend to write it." -Winston Churchill
@@jamesreynolds6195
Women were not forced to be mothers??? Over a million women ENTERED the workforce. Itrs true there were programs to encourage motherhood (forgiving a quarter of a government backed 0 interest debt), but thats not force.
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He and his party definitely sorted out the economy and made his country more productive. In the Weimar Republic time inflation went out of control it was ridiculous. So you can understand why many people voted him in to become chancellor at the time.
hahaha german war material factories go brrrr
All the negatives were actually good.
They ruined german science. You must have spare time to improve yourself and find something.
Looks like the pathetic Nazi trolls like OP have arrived.
@@emreahmet167 do you even know how germany was before it?
Yeah you are not wrong but not everything can be as we want, it was a good plan and it worked.
@@astrotecn yes it’s a good plan because it doesn’t think about individuals, instead it thinks about how much individuals can do for the country.
You have no idea what you are talking about. Hitler changed the economy in to war time which means all the economy did was one thing and that is to prepare for war and that does not build a proper foundation for a country's long term economy. A war time economy is TEMPORARY so almost everything that was invested in to the economy was thrown away after the war!! You cannot build a worse economic system. Very bad. In the USA most of the factories for WW2 were removed and are gone today but the USA had the money for this, Germany did not but in both cases so much money was invested in to factories that after the war were torn down. The big success in the USA was the airplane factories that 10 of 40 still today are building airplanes for Boeing and Lockheed so that was not a bad investment but most of the other factories are either storage or demolished.
This seems like a decent even-handed report. At about 0:35/13:17, however, reference is made to "the 1929 stock market crash" but no mention was made to the hyperinflationary period within Germany itself so I didn't feel like I could stand in German shoes and understand a German of that time period. There would seem to be economic matters of concern closer to Germany and within Germany. Did Germany have a stock market crash as well as the NYSE? How strongly did Germany feel the effects of the stock market crash in the U.S.A. ? What were American multinationals like Ford and IBM doing in Germany at that time? What were Germany's multinational corporations doing? What effect did return of the Ruhr have on the German economy?
No mention was made of some of the innovative financial ideas such as Treasury Labor Certificates but the development of the transportation infrastructure was mentioned.
Thank you for your well thought out feedback, appreciated! We did actually reference the 1929 Stock Market Crash in another video: ua-cam.com/video/yspvrnjRaSc/v-deo.html - it's part of our Weimar Germany & Nazi Germany video series. Thank you for taking the time however to give us feedback, we will take that onboard.
It's called the Weimar Republic.
The short-lived hyperinflation of 1922-23 was already resolved by 1924 with the Dawes Plan.
Because of how American banks were financing the Germans and keeping them up during the weimar era, when the crash occured...Germans were some of the hardest hit, that along with the trauma that was induced in the population(u could see it in the extreme decadence of the weimar republic) lead to them in an extremely sad state after the crash(worse than US and much more worse than the likes of UK which had stronger banks relatively speaking ofc)
The Dawes plan was initiated in 24 after agreeing to pay back reparations at lower rates, it basically consisted of Germany taking massive loans from The US to help pay for WW1, and kick out French and Belgians from occupation at the time.
When the 29 crash happened, those loans dried up and 6000% inflation insued, crippling them again.
He made the front cover of Time Magazine in 36 for his efforts.
Amazing what you can achieve when you have the Central Banks off your backs.
So More Work, more jobs, better quality products, More buildings, more Population, more army, bigger economy, Trying to be self sufficient as possible
What did I miss?
Nazi economy is pretty similar to most Western economies today.
@Martin P That's why I only said "pretty similar". Nazis also conducted international trade but mainly with Europe. en.wikipedia.org/wiki/Economy_of_Nazi_Germany#Foreign_trade_relations
I think you might’ve missed the slave labor, concentration camps, poverty wages, sexism and antisemitism.
fax
so did they just refused to pay the war reparations
If you didn’t say it was from Hitler..the policies were excellent. Love the people’s car ward program. Excellent employment plan
"Rearming created many jobs"
Just because doing X creates jobs, it does not mean it is economically beneficial.
Example: building an airport in which not a single plane ever lands or takes off or lands would creates jobs....but it would be a cost with zero economic benefit. From an economic point of view, you might as well just pay those workers to stay home and do nothing,
A lot of the 'profits' of German industry were forcibly exchanged for government bonds that no-one expected would be honoured.
So as every Freshman learned in High School for research papers PROVIDE your SOURCES I see no sources listed here that support your work/thesis yet this is billed as education/tutoring channel tisk tisk
At 11:28 ... people worked hours rose to 53 a (day) , or week.
Thanks for your brilliant effort for this video.... greeting from Iraq 🥀🥀🥀
Germany made no concessions at the treaty of Versailles. They were not represented at Versailles. Propaganda.
Because they were the losers. If they wanted a better deal they should not have lost.
@@andrew3404 They didn't lose. All countries signed an armistice
@@cpkingadam5 Germany asked for an Armistice, realising the war was lost. The terms of the Armistice included various disarmament clauses to hopefully prevent hostilities recommencing, although Germany was in no position to do so anyway.
@@bolivar2153 This is a tone deaf comment .. Germany lost, true .. but who won? .. answer is no-one UK and France destroyed themselves Russia collapsed .. no-one won .. the treaty of Versailles was an unmitigated disaster for all parties concerned ..
@@dendradwar9464 I would say that is a somewhat narrow view. Many nations retained their existence because of that victory. Many nations regained their existence and independence because of that victory, and indeed through Versailles.
Versailles and it's associated Treaties were not perfect, a flawed peace if you like, but by this time Europe was so ravaged by the effects of war, it was like sticking a band-aid on a trauma victim. A system that had taken centuries to create was destroyed virtually overnight.
To expect that any kind of peace could be achieved in the space of a few short months was ever going to be able to restore order and harmony to the complete satisfaction of everyone involved would be rather naive.
9:42 "less leisure items to buy"
FEWER leisure items to buy.
I hoped that this vid would have been objective and scholarly prepared. Not informative vid. Do normal people atill believe this kind of history that is full of negativity and bad intentions?
I have a test tomorrow on this and I understood this and not in my class 😭
same but i didnt understand shit from this vid ibr
Hiii@@Pl4smaPlum
The start of the VW beetle manufacturing was delayed to after the war.
A necessary correction? Hitler did not invent the Autobahn. This was an invention of the Weimar republic. But Hitler realized the potential for the Autobahn in WW2, that he was planing for. The germans did not have trucks i WW1 as had the French. Von Ludendorff later lamented this fact as one important factor for german defeat in WW1.
Schacht and the MIPO (exchange beteween inside market krupp farben daimler...) trust come back
No mention of where all the money was coming from. Was the German Treasury borrowing from International Bankers? Printing money? (Unlikely) Is there an unmentioned Export that funds all the State spending? Were the terrible Inflation Rates of the 1920s reversed? If so, how? We are still left puzzled by these unanswered questions.
It printed money. Because people feared that after the hyperinflation of the 1920s it was disguised as Mefo bills. A fake company with an almost unlimited overdaft it was basically a cheque book and the Government guaranteed to pay it - by printing money. Now it was planned as a five year loan the Government to in effect destroy the money after 5 years so first year these bills amounted to approximately 5 billion so five years later 5 billion was supposed to be taken out of circulation. 5 years later firstly Hitler refused to pay it and secondly these bills by then anounted to 60 billion RM. This threatened hyperinflation yet again. They over came it by invading where a new currency was issued that could only be spent in occupied territories and the exchange rate was very favourable. It saw vast amounts of consumer goods purchased abroad and sent back home to be either consumed or sold to friends and family. In effect this exported their inflation to places like Poland, France and Greece. It also allowed more price controls and rationing to be introduced in Germany resulting in people saving their money. In reality these savings were actually plundered by the Govt too without the people knowing. This had actually happened in the West in WW1 as well. This kind of worked so long as people saved. Later though when it became obvious Germany wanted to lose the war people began to withdraw their money and that meant printing more. They realised the currency was going to plummet in value and the bombing was seeing demand soar for consumer goods. Shoes were in particular demand supply of all leather goods negligible. Army consumed it all for boots, belts, saddles for hourses etc. So people wanted to convert their cash into goods they could later sell probably for a profit and started demanding their savings be paid in cash so inflation returned towards and continued after the war later seeing the RM replaced by the DM at a rate of 10RM to 1DM. The Govt also ran up other debts before and during the war. It was paying about 3 billion in interest by 1939 and during the war it pillaged many billions especially from France. Others were forced to provide vast amounts of raw materials like copper and bauxite etc on credit. Some neutrals fearing invasion if they didnt provided such stuff on credit sent loads of iron ore, tungsten, chromium etc on a credit basis. A lot of this debt was later written off. So yes they did indeed print money. 60 billion even before WW2 but they pushed the hyperinflation abroad mostly until very late in the war and into the post war era when the currency was replaced on a 10 to 1 basis with the DM. Post war rationing remained and the black market thrived but almost exclusively in US dollars. My father was a diplomat from the 1950s onwards and new many who made quite a lot of money from selling whatever in dollars in Germany in the post war era. He didnt!! As he wasnt posted to Germany until the 1970s but you could buy a car in the UK plus cigarettes or whatever take it all to Germany and sell it all for a nice profit and so thats what they did. Even later in the 1960s and 70s in Moscow and Eastern Europe they literally offered to buy the jeans we were wearing alas in worthless local currency but cars as an example could sometimes find a buyer in US dollars, usually a high ranking official who could exchange his rubles for US dollars.
Alot of the money came from stealing it in invasions
The government made a company that gave out MOFO bills that also paid interest. Basically they validated Monopoly money and used it internally in Germany. That’s also how they didn’t get caught rearming
Partly they were able to avoid inflation because of the MeFo-bill" system, which created a parallel economy for the war industry, also price ceiling prevented eg agricultural products' prices to increase.
@@jonas2674 that doesn't account for much and thd War Industry didn't get going until 1938. Germany already had the highest standard of living in Europe by then.
So, where did all the money come from? As building infrastructures, rearmament, producing weapons, improving welfare for the working class etc needs huge amount of money.
They stole it
It’s the only reason there economy was slightly stable it was built for war and nothing else it made communism look possible it was so bad
from whom? jews?@@davidjackson9680
Money actually needs something to back it up. And Germany had no gold nothing. Which is why countries that print money forever are bound to run into trouble, because dollars have to be backed up by something. The German labour and quality of German goods backed up the money. In this case, German goods, products et cetera brought back the German economy as soon as Hitler introduced stimulative policies.
Was the German economy centrally planned like the USSR?
no lol
It was a mixed economy.
Mixed between Free Market and Central
Great video! Will help me with my world history lessons
You're welcome 😊
Question, so with heavy military investments how did civilian life improve during the interwar nazi period?
No corruption
@@snookershorts3044 in contrast, never has corruption flourished more then under the Nazis.
@@schusterlehrling joke of century
@H L no, if you wanted something like a prohibition to built a house on your real estate, you had to be a party member or in a "party affiliation" like SS, NSKK, etc.
Plus you had to give bribe money.
And if you were not on good terms with high ranked part officials, these bribes rose and rose.
Corruption was very common. How do you think so many Nazi officials could buy work of arts with a salary that was nominally not that much?
@@schusterlehrling why so biased» just stop spreading propaganda, the germans never bought these art pieces, they simply got them from looting, just like Napoleon did in his years. Th NSDAP wasnt corrupt, they were for the people.
Not a single worker got their promised "Volkswagen", the few that got produced were given to diplomatic corps and military officials.
Also wages stayed the same even though life was more expensive.
source?
@@JebHATEStheworld ua-cam.com/video/aac7Argj7SI/v-deo.html this talk about wages and cost of living, might need more research to confirm if it's really true or not tho
@@ECAT556 this video really feels like nazi propaganda and the comments are filled with people saying that it was good
@Agent Dovahkiin78 What do you think about Hitler?
@@JebHATEStheworld Read Vampire Economy by Gunter Reimann
What song is used in the background?
What about Labour treasury certificates?
Thankyouuuuuuu, i think you have saved me from failing tomorrow xd
Glad to hear that!
We got the same it called the draft like you know at war like America did
America adopted a lot of the policies we see today
49-53 hrs per week doesn't seem much being from a developing nation dammit.
53 hours a day??? 11:18
53 hours a week! Sorry... our mistake :-/
@@FirstRateTutors
No Problem dear , I will deliver your
apology to the Führer ! 🤭😂.
Mobile have Germany the process of making synthetic oil.
I’m writing a novel of a girl in nazi Germany, I’m trying to search on it but I can’t seem to find what I’m specifically looking for
very bias and one sided she forgot to mention before hitler people were starving in the street and that berlin was one of Europe's most popular tourist sites
And they ended up under Hitler dying from Gulf of Mexico to gates of Moscow. Then starved.
The list of negatives are very minor and subjective things. It seems, from your video, that the pros far outweighed the cons.
omG her voice make my ears and my mind so unfocused i convert to reading after listen to her ,,
You would have to work harder if you were in a war, and I'm paid trash now, and I'm an American. So far, they had it better than me.
In times of disparity and decline, commitment and public spending is the only way to unite the masses.
On the contrary that just ends up making things worse in the long run. You can't throw money into a society and expect to work out just fine. Cycles will form and there will be a subsequent bust, which Hitler anticipated. That's why he switched to a much more aggressive foreign policy, to loot and drain resources from surrounding countries to keep the German machine going for longer.
I mean like, i understand the nationalism part of the economy but he kinda lost me at the socialism part.
Interesting
how can you work 54hrs a day
53 hours a day huh
Cant stand to hear a woman talk this long
2:25 New Plan Schacht
- cut welfare
- invest in industries
- reduce imports
Force work
Infrastructures & services
Lower tax contract to employ more people
Annuler dettes fermiers
Réglementer prix de la nourrriture
Invest in technology
germans are aryans in their mind, i dont understand why have to specify of european ancestry, of course they are europeans, germans arent americans or asians arent they? just like the rest of europe.
this video is wrong on manny aspects but the main one is to treat germany as a capitalist country at the time.
it was hypercapitalist
@@levelzanimations nop
@@ivanbro1208 ok so what type then?
@@levelzanimations it was a socialist country, yes the compsnies remained on private hands on paper BUT its in records that the german government of the time told exatcly to companies what to produce, how much and where, so basicaly government run companies, aka socialist economy.
@@ivanbro1208
socialism has nothing to do with government, anarchist in Spain were anti government.
nazi Germany was also called the "dictatorship of the bourgeoisie" which means capitalism
My God, these were extreme policies
Grateful for this presentation. Enlightening needle in a haystack of nazi holocaust.
You're welcome!
53hours a day?
That’s what the Chinese economy is like.
Very poor video
i like her accent...lemme finish of the video
Sounds like the green new deal!
not really
That’s who FDR based the policy on. Just not new it’s the first new deal
Jack M he did.
@Jack M no he did actually not saying it as a bad or good but he did
@Jack M laugh my ass off my god just read the book The Vampire Economy please you obviously don't know your history
Jesus Christ is the son of God who died and rose three days later and loves all of you. He died for everyone and wants you with Him, to know Him and live for His glory. Come be saved eternally and spend time with Him to know Him. Be free forgiven healed delivered saved baptized and let Him show you how He is everything you need. Ask anything in His name
There are better places to evangelize friend.
@@lazzledazzle7827 everyone needs Jesus whether they realize it or not. People without Him really need Him. People who have Him, still need Him. He's out answer to everything and He's to be our everything. 💕 It's great you see I'm evangelizing. Are you in need of Jesus? Have Him already? ❤️
@@SherriP aren’t we all the sons and daughters of god?
who the hell is an aryan
it was discredited long ago
the allies tried to discredit it but if you look into genetics and especially y chromosome haplogroups you will find that europeans and asians are the most modern humans with highest brain capacity.
@B.Lewis the hell with european descent...the origin of that word is from the vedas and its nothing close to a race
i clearly dont understand how that word became a race
@@Kiran-jf3fx because hindus have been conquered by aryans, which is a name give to nobles, because when europeans conquered those lands they became nobles. It also explains why indian languagfes like sanskrit and english are tied; all are indo-europeans languages. So are the mythologies.
And R1b genes are our common genes.
@@pierren___ yeah ok
thanks for this bullshit
@@Kiran-jf3fx its not bullshit. Your racist against europeans
This is quite Insightful. I now have a better understanding of Adolf Hitler's economic policies(WEIL) and the strategies adopted via his 1st (Schacht ) and 2nd (Goering)ministers. (Bolu@HillviewSchoolforGirls)