Since Adolf Hitler wanted to receive European domination, I imagine him producing more factories to produce more weapons for future preparations. Therefore I assume it was flourishing before the second world war.
Is this true?
Please answer with a reasoning. Thanks!
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How Was Nazi Germany’s Economy Before Wwii?
Posted on February 3, 2013.
These people used the Depression and Hyper Inflation to Buy up real estate in Germany and in 1933 when the Nazi party was Broke and needed 500,000 marks to Run in the 1933 elections JP Morgan and Associates set Up the Hitler Fund to raise the Money these people were the Primary donors FDR Lindbergh Rockefeller Prescott Bush Warburg Standard Oil /IG Farben
1924 Rockefeller Invest in Hitler and the NAZI party
1933 Ford sets Up Factories in Russia and Germany
1933 ITT GM start to Build Hitler war machine In germany they owned Opel
1938 IBM sets up hitlers census this later was used to Round Up the Jews
1940 Standard Oil IG Farben Texaco set up 40 petrochemical plants in Germany and Occupied countries the Biggest was at Buna In Poland /Auschwitz using 83,000 slaves with assistance from Dupont
1943 ITT engineer flies to madrid to give the NAZIS a New Navigation system for the ITT owned Fokker wolfs later this Navigation system was fitted into the V1 and the V2
1941 GM starts to Build the US army’s worst tank the Sherman remember they had Been Building Tigers and Panthers since 1933
so the worst the Sherman was the More they needed to make ( Money was the Motivation )
1922, payments by I.G. Farben and General Electric in 1933, followed by the Standard Oil of New Jersey and I.T.T. subsidiary payments to Heinrich Himmler up to 1944. US multi-nationals under the control of Wall Street profited handsomely from Hitler’s military construction program in the 1930’s and at least until 1942.
Henry Ford was an early (1922) Hitler backer and Edsel Ford continued the family tradition in 1942 by encouraging French Ford to profit from arming the German Wehrmacht. Subsequently, these Ford-produced vehicles were used against American soldiers as they landed in France in 1944. For his early recognition of, and timely assistance to, the Nazis, Henry Ford received a Nazi medal in 1938. The records of French Ford suggest Ford Motor received kid glove treatment from the Nazis after 1940.
in 1939 ITT and GM financed SKF in Gotenburg to ensure that they could Supply all the ball bearing needed to Build hitlers Trucks tanks and aircraft and in 1943 SKF of Philadelphia sent 600,000 units a year Via spain to Germany and Failed to supply the US army more than 23 % of their needs
FINANCIAL CONTRIBUTIONS TO HITLER:
Feb. 23-Mar. 13, 1933:
(The Hjalmar Schacht account at Delbruck, Schickler Bank)
Political Contributions by Firms (with selected affiliated directors) Amount
Pledged Percent of
Firm Total
Verein fuer die Bergbaulichen Interessen (Kitdorf) $600,000 45.8
I.G. Farbenindustrie (Edsel Ford, C.E. Mitchell, Walter Teagle, Paul Warburg) 400,000
Automobile Exhibition, Berlin (Reichsverbund der Automobilindustrie S.V.) 100,000
A.E.G., German General Electric (Gerard Swope, Owen Young, C.H. Minor, Arthur Baldwin) 60,000
Demag 50,000
Osram G.m.b.H. (Owen Young) 40,000
Telefunken Gesellsehaft ruer
drahtlose Telegraphic 85,000
Accumulatoren-Fabrik A.G.
(Quandt of A.E.G.) 25,000 Total from industry 1,310,000 99.9 % of what was prommised
Plus Political Contributions by Individual Businessmen:
Karl Hermann 300,000
Director A. Steinke (BUBIAG- Braunkohlen—u. Brikett — Industrie A.G.) 200,000
Dir. Karl Lange (Geschaftsfuhrendes
Vostandsmitglied des Vereins Deutsches Maschinenbau—Anstalten) 50,000
Dr. F. Springorum (Chairman: Eisen-und Stahlwerke Hoesch A.G.) 36,000
The payments to Hitler in this final step on the road to dictatorial Naziism were made through the private bank of Delbruck Sehickler. The Delbruck Schickler Bank was a subsidiary of Metallgesellschaft A.G. (“Metall”), an industrial giant, the largest non-ferrous metal company in Germany, and the dominant influence in the world’s nonferrous metal ‘trading. The principal shareholders of “Metall” were I.G. Farben a company Owned By standard oil Texaco Rockefeller’s and Prescott Bush
Nearly 1 Billion Pledged in 1933 all from the USA
Not what you are Looking for ????? but all true and thousands of more Companies and people all from the USA
Yes, German industry under the Nazi regime expanded dramatically. Germany was arming itself as quickly as its factories could churn out weapons. The expansion of the military put people back to work, both in industry and by conscription into the armed forces, and brought the Great Depression to an early end in Germany. Hitler made a point of boasting about it in many of his speeches.
However…
Germany paid for its re-armament with what amounted to counterfeit money. The country’s Minister of Finance cooked up a scheme that basically paid for the weapons with paper currency that was kept off the books and wouldn’t be presented for payment for five years. The fake money was called the “Mefo bills”, after the shell company that issued them. The bills were scheduled to start coming due for payment in real money in 1939, and would have caused a financial crisis in Germany unless the German government found a way to pay then off. Which they did, by going to war and looting the countries they conquered.
The German minister who cooked up the scheme, Hjalmar Schacht, was actually put on trial by the Allies as a war criminal, because he was the one who made it possible for Germany to rearm. But since cooking up financial books isn’t a war crime, he got off the hook.
When he initially became chancellor the economy was in free fall, it was 1933 and Germany was in the grip of the great depression, like most other countries at the time. Through a combination of public works (such as the autobahn) and rearmament, he pulled Germany out of the depression much faster than a lot of other countries, the U.S. included. By the start of the war, the standard of living in Germany had improved greatly.
Yes it was in good shape it was improving dramaticly