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Cake day: June 9th, 2023

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  • I’m not sure how true that is in terms of housing, healthcare, etc. Do you have any sources?

    He did claim to have ended the Great Depression in Germany. While people have pointed to projects like the Autobahn, these projects only had a modest effect on unemployment.

    What really brought down unemployment was massive deficit spending on expanding the army / rearmament and combined with conscription.

    In addition, women, Jews, etc. were forced out of the workforce.

    The problem was this was unsustainable. Nazi Germany began WW2 with a debt to GDP ratio greater than what the USA ended the war with.

    It narrowly avoided a balance of payments crisis in 1934.

    If it hadn’t invaded much of Europe and looted it’s wealth, the economy would have collapsed.

    Source: Wages of Destruction: The making and breaking of the Nazi Economy by Adam Tooze.