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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 ...
MEFO bills allowed billions in military and public-works funding. Germany through MEFO bills, began printing money. However, inflation did not increase. This is because the Nazi government rarely redeemed MEFO bills. [1] In addition, the interest rate and supposed security of the MEFO bills meant most were kept in circulation and rarely cashed. [3]
While it operated, it produced commodities vital to the German military forces before and during World War II. After substantial damage from strategic bombing, the firm and its remaining assets were dissolved at the end of the war. [214] As Germany deepened its commitment to World War II, Brabag's plants became vital elements of the war effort.
The Four Year Plan was a series of economic measures initiated by Adolf Hitler in Nazi Germany in 1936. Hitler placed Hermann Göring in charge of these measures, making him a Reich Plenipotentiary (Reichsbevollmächtigter) whose jurisdiction cut across the responsibilities of various cabinet ministries, including those of the Minister of Economics, the Defense Minister and the Minister of ...
After World War II ended, the main four Allied powers – Great Britain, The United States, France, and the Soviet Union – jointly occupied Germany, with the Allied occupation officially ending in the 1950s. During this time, Germany was held accountable for the Allied occupation's expenses, amounting to over several billion dollars. [21]
By the end of World War II, the country's economic infrastructure was completely destroyed. West Germany embarked in its program of reconstruction guided by the economic principles of the Minister of Economics Ludwig Erhard excelled in the economic miracle during the 1950s and 1960s.
Working for the Enemy: Ford, General Motors, and Forced Labor in Germany During the Second World War. Berghahn Books. ISBN 978-1-84545-013-7. Bitunjac, Martina; Schoeps, Julius H. (June 21, 2021). Complicated Complicity: European Collaboration with Nazi Germany during World War II. Walter de Gruyter GmbH & Co KG. ISBN 978-3-11-067118-6.
The monetary institutions in Germany had been unsuited for its economic development for several decades before unification. In the Kingdom of Prussia, the Bank of Prussia had been established in 1847 and, in the aftermath of the revolution of 1848, five additional banks had been granted a note-issuance privilege (the Berliner Kassenverein [], Kölnische Privatbank, Magdeburger Privatbank ...