The Seeds of Evil: The Rise of Hitler

The Seeds of Evil: Germany 1919 - 1933.

Source Material relating to the German Economic Recovery

The speculators had learnt that the Reichsbank was now able, if it decided to do so, to put an end to all speculation on the foreign exchange market. The success of the campaign meant an immeasurable increase in the confidence of the public in the stabilization of the mark. Schacht, writing in his autobiography.

 

The contraction pursued by Schacht was brutal. One-month money rates went from 30 percent to 45 percent. Overdraft charges rose from 40 percent to 80 percent! After July 1924 they began falling. Schacht's restriction of money was so harsh that the German government-operated post office and railways formed their own banks and began building capital much faster than the private sector. Source: http://www.wintersonnenwende.com



The Second Reich
The Founding of the Weimar Republic
The Impact of War
The Treaty of Versailles
Germany 1919 - 1923
Germany - Economic Recovery
The Early days of the Nazi Party 1919 - 1924
Weekly Newsletters
 

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Unit last updated 4th June 2004

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