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The Great Depression brought the German economy to a halt and further polarized German politics. Hitler and the Nazis began to exploit the crisis and loudly criticized the ruling government. During this tumultuous time, the German Communist Party also began campaigning and called for a revolution. Business leaders, fearful of a communist ...
Hitler called for Germany to have the world's "first army" in terms of fighting power within the next four years and that "the extent of the military development of our resources cannot be too large, nor its pace too swift" [italics in the original] and the role of the economy was simply to support "Germany's self-assertion and the extension of ...
Nazi Germany, [i] officially known as the German Reich [j] and later the Greater German Reich, [k] was the German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a totalitarian dictatorship.
Nazi Germany was established in January 1933 with the appointment of Adolf Hitler as Chancellor of Germany, followed by suspension of basic rights with the Reichstag Fire Decree and the Enabling Act which gave Hitler's regime the power to pass and enforce laws without the involvement of the Reichstag or German president, and de facto ended with ...
Since 1929, Germany had been suffering from the Great Depression; unemployment had risen from 8.5% to nearly 30% between 1929 and 1932, [2] while industrial production dropped by around 42%. [2] Over 6 million people were unemployed in 1932, and 40% of organized labour was unemployed or working reduced hours in summer 1932.
The Great Depression hit Germany hard. The impact of the Wall Street Crash forced American banks to end the new loans that had been funding the repayments under the Dawes Plan and the Young Plan. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. [41]
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 Soviet Union provided raw materials and Germany provided finished industrial goods. In the first year, Nazi Germany received "one million tons of cereals, half a million tons of wheat, 900,000 tons of oil, 100,000 tons of cotton, 500,000 tons of phosphates" and at least one million tons of soybeans. [141]