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WORLD WAR II
WORLD WAR II

... However, the bomb could kill hundreds of thousands of innocent, Japanese civilians. In the back of your mind, you remember what ...
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... Approaching War- 1920’s-30’s • Europe is not doing well • European powers almost bankrupt - only U.S. and Japan came out of WWI better off • European domination of world affairs declines • New European democracies shaky- new Democracies collapse – Many political parties, difficult for one group rule ...
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... This need for a solution to political instability and economic devastation led to the rise of another far more serious threat: fascism. Fascism is a political philosophy, or belief, in which total power is given to a dictator and individual freedoms are denied. Fascism also promotes a strong sense o ...
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Click here to get the file

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... • Fewer consumer products available • Office of Price Administration: Fix prices, increased the income tax, kept prices from going up too high, why? • Selling of war bonds • War Production Board: which companies would convert to make which war materials, drives to collect scrap iron, tin cans, rags, ...
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Economy of Nazi Germany



World War I caused economic and manpower losses on Germany led to a decade of economic woes, including hyperinflation in the mid-1920s. Following the Wall Street Crash of 1929, the German economy, like those of many other western nations, suffered the effects of the Great Depression, with unemployment soaring. When Hitler became Chancellor in 1933, he introduced new efforts to improve Germany's economy, including autarky and the development of the German agricultural economy by placing tariffs on agricultural imports.However, these changes—including autarky and nationalization of key industries—had a mixed record. By 1938, unemployment was practically extinct. Wages increased by 10.9% in real terms during this period. However, nationalization and a cutting off of trade meant rationing in key resources like poultry, fruit, and clothing for many Germans.In 1934 Hjalmar Schacht, the Reich Minister of Economics, introduced the Mefo bills, allowing Germany to rearm without spending Reichmarks but instead pay industry with Reichmarks and Mefo bills (Government IOU's) which they could trade with each other. Between 1933 and 1939, the total revenue was 62 billion marks, whereas expenditure (at times made up to 60% by rearmament costs) exceeded 101 billion, thus creating a huge deficit and national debt (reaching 38 billion marks in 1939) coinciding with the Kristallnacht and intensified persecutions of Jews and the outbreak of the war.
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