FB2 The Nazi Economic Recovery 1932 1938 by Richard Overy pocket touch review download kindle

Book description

Book description
When the nazis came to power in 1933, they promised the Germans bread and work - meaning food on the table and a steady job. And indeed, the unemployment rate was rapidly declining during the nazi rule. So how did the nazis create this?Richard Overy defines a few key points for this. First of all, they took complete control of the economy, allowing the economy to work for them. Second, they created a way of injecting capital in the system by introducing mefos, government bonds that were used to pay for the investments, to be repayed after 5 years. By then they hoped to have reached a drastic expansion of government income (through taxes) that enabled them to repay the debts. Richard Overy does not agree with the general view that the investments in the re-armaments was the cause. True, they did play a great part, but only after 1936, and they were not the cause of the economic recovery in the years 1933-1936. Before 1936 the bulk expenditure was on work-creation, motorisation and general construction, which already had begun under the Von Papen and Von Schleicher regimes of 1932. After 1936 rearmament became increasingly important.Overy states that the Nazi economic system became simply a part of the Nazi political system, closer in character to the economy of Stalins Russia that to those of the capitalist West. Hitler was able to control and guide the economic transformation from the Depression years, where Stalin was able to transform the economy. After 1936, the efforts of the Nazi regime to create an economy for waging war had the effect of actually slowing down recovery and growth, stifling initiative and creating business uncertainty once again. Recovery in this context was a dead end.
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FB2 The Nazi Economic Recovery 1932 1938 by Richard Overy pocket touch review download kindle

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