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Flint Michigan residents charged $150 a month for poisoned water
#68
(02-01-2016, 11:10 AM)BenSkywalker Wrote: [color=#333333]At least we have someone here from a civilized nation that has *some* education on the matter. Schacht was appointed economic minister *by Hitler*. It appears you have at least a reasonable education on the sociological end of that era, on the economic portion I would point out the Dawes Plan combined with gold standard as the main forces that solidified the currency. For the record, Shacht was actually against a lot of the economic policy that was utilized to heighten overall prosperity for the poor during the Weimar 'golden years'- it was more a Keysian economic approach combined with the Dawes Plan that solidified the economy.
He was appointed economic minister by Hitler for a good reason, part of it being his track record in eliminating the 1923 hyperinflation. Of course, he was just a tool to Hitler, and Hitler fired him in the late 1930s for protesting the war economy as unsustainable.

Quote:A 'Hitler' doesn't take over a properly functioning country. If Germany was operating close to reasonable in the view of the populace, Hitler never would have been appointed.  Hyperinflation destroyed everyone but the wealthiest in Germany, their economic recovery only included the poorest people, nigh killing the middle class, all of the actions taken after the Dawes plan took care of the poorest people- but left the middle class decimated. Once the Great Depression hit- the lack of a middle class made Germany particularly susceptible as their own populace had relatively little buying power and hence, the broader global economic conditions destroyed the working poor progress that had been made. During that period of time, the Nazi party had made themselves very popular with the disenfranchised in the country and had already made significant progress on the mainstream political front, the collapse of the economic situations that allowed the poor to have a livable wage resulted in a consolidation of consensus among enough of the population to put Hitler in power.
Hyperinflation was starting to go down by the Beer Hall Putsch. The real issue was the Great Depression. If the middle class was already devastated, why didn't the Nazis become hugely successful before the Great Depression?
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RE: Flint Michigan residents charged $150 a month for poisoned water - by SteelCrysis - 02-01-2016, 12:08 PM

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