bUt hItLer fIxEd ThE eCoNomY!

Check out Cape and use code HISTWORK33 to get 33% off your first six months https://www.cape.co/?utm_source=creat... ------ #history #economics Link To Our Other Channel: howmoneyworks Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound 📩 Business Inquiries ➡️ [email protected] ----- Germany in 1933 was truly one of the most severely crippled economies in modern history. Unemployment had hit 35%, and a country (that was already badly suffering under the weight of reparations, the loss of industrial infrastructure and hyperinflation) lost an additional 50% of its capital output, exports fell by over 70% and without the resources to fund basic social services malnourishment and homelessness were commonplace all between the years of 1929 and 1933. The Great Depression was not particularly pleasant for any of the countries swept up in it, but the economic devastation felt by Germany in particular was largely without equal. But then… things changed… Adolf Hitler was appointed the Chancellor of Germany on the 30th of January 1933 and then the full fat Fuhrer of Germany a year and a half later. This was a time period that clearly coincided with a dramatic turnaround in Germany’s economy. In the years that followed unemployment fell from 35%, to less than 1%... agricultural and industrial output almost doubled, massive infrastructure projects like the Autobahns were commissioned and completed and this was all on top of, well… you know… assembling a military force to take on the rest of Europe… It is easy to see why armchair historians (and insufferable edgelords) alike will often repeat the factoid that “Hitler was a terrible guy, but at least he fixed the economy!” … The only problem is…he didn’t… The German economic miracle may have looked good on paper, but that's a lot easier, when they were the ones who controlled the paper… Lying with statistics, being in the right place at the right time, “tactically ignoring” some warning signs, not to mention good old fashioned propaganda managed to make things look good for around 6 years… But by zooming out and understanding the complete historical context, it will hopefully become clear that by 1939 Germany was at most a few years away from collapse even before the bombs started dropping…