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While being under German control, the Reichswerke had the great majority of its assets and workforce located outside of Germany, since it had grown largely by absorbing non-German companies from conquered territories before and during the war. 70 per cent of its net assets and 76.5 per cent of its workforce were outside of the Reich by 1943 ...
The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and ...
The two businessmen have passed away, but they actually belonged in prison.” [117] Erker's report concluded that Reimann Sr. and Reimann Jr. were virulent anti-Semites and keenly supported the Nazi Party, with Reimann Sr. donating to the SS in 1931, two years before Hitler was appointed chancellor of Germany. [117]
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
The use of slave and forced labour in Nazi Germany (German: Zwangsarbeit) and throughout German-occupied Europe during World War II took place on an unprecedented scale. [2] It was a vital part of the German economic exploitation of conquered territories. It also contributed to the mass extermination of populations in occupied Europe.
This type of action to help the German economy had been prohibited by the directive. In 1947, the Marshall Plan , initially known as the "European Recovery Program" was initiated. In the years 1947–1952, some $13 billion of economic and technical assistance – equivalent to around $140 billion in 2017 – were allocated to Western Europe.
To put that into context, Germany's national debt in 1932, the year before Hitler took power, was only 10 billion Reichsmark. By 1938 the official admitted national debt was 19 billion Reichsmark -- but the Reichsmark 12 billion in Mefo bills has to be added on top of that.