Warship forum  
A forum for the Allied Warships section. 
Go to: Forum List•Message List•New Topic•Search•Log In•Print View
Re: WWII Financed
Posted by: Birgir Thorisson ()
Date: July 19, 2003 09:09PM

<HTML>I am not ready to give you a scholarly explanation right away, since it is decades since I looked at the issue. Plundering artworks is useless, because they are of no value in war, you can´t turn a Rembrandt into a tank or eat a gold neckless.
Basically, Hitler induced a government led expansion that brought Germany out of the depression. This was done by borrowing, both at home, and more ingeniously abroad. During the great depression, all nations wanted to export more than they imported, but nobody was ready to import, except Hitlers Germany. As result, the whole of North-eastern Europe was economically shackled to Germany by 1940, because of the huge debt owed to them by Germany. (This is from Gershenkrons brilliant study.)
Secondly, the German home economy was run by budget fixes and bluff, concealing the huge state deficit, subscribing forced loans from the industry that was profiting from the war expansion, and using all sorts of controls on wages, prices, and labour movement, to suppress the inflationary forces at work. As the war progressed, ever more use was made of slave labour, and other kinds of forced labour, outright plunder in conquered territories, and so on.. One important thing to note is that the Nazy- war economy was terribly mis-managed until Speer got dictatorial powers over it. And without war, the pre-war economic charade would have collapsed.</HTML>

Options: Reply•Quote


Subject Written By Posted
WWII Financed David Thomas 07/18/2003 09:44AM
Re: WWII Financed hanswurst 07/18/2003 10:05PM
Re: WWII Financed David Thomas 07/18/2003 10:53PM
Re: WWII Financed Birgir Thorisson 07/19/2003 09:09PM
Re: WWII Financed David Thomas 07/21/2003 12:33PM
Re: WWII Financed Ken Dunn 07/21/2003 02:12PM
Re: WWII Financed ROBERT M. 08/18/2003 03:27AM
Re: WWII Financed David Thomas 08/04/2003 08:13PM
Re: WWII Financed Zahlmeister 08/05/2003 11:49AM
Re: WWII Financed Zahlmeister 08/05/2003 11:14PM
Re: WWII Financed Bryan Burrow 08/25/2003 03:11PM
Re: WWII Financed Zahlmeister 08/04/2003 06:00PM
Re: WWII Financed Zahlmeister 08/04/2003 06:02PM
Re: WWII Financed Zahlmeister 08/04/2003 06:02PM


Go to: Forum List•Message List•Search•Log In
Your Name: 
Your Email: 
Subject: 
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 ********   **     **  **     **  **     **  ******** 
 **     **   **   **   ***   ***  **     **     **    
 **     **    ** **    **** ****  **     **     **    
 ********      ***     ** *** **  **     **     **    
 **     **    ** **    **     **   **   **      **    
 **     **   **   **   **     **    ** **       **    
 ********   **     **  **     **     ***        **