Part 4: Understanding the Wars of 1914 to 1945

#59 The Nazi Economy in the 1930s

Ideology alone was of course not enough for Hitler to rise to power. The question remains: how was Hitler able to revive the German economy sufficiently to fight a global war in a mere six years? Hitler had taken political power in Germany in 1933. Once this question has been asked, the direction of the answer is obvious: the German economy would have to be supported by the great powers, France, Britain or America; there was no other way.

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#51 1914-1945 The Unforeseen Consequences: The Collapse of the British Empire

Global power is itself something extraordinary. It imbues those people who have experienced it with arrogance and self-confidence that is hard to exaggerate. First Britain, and then the USA, have behaved on the global stage as if their role as a world leader has been ordained by God. For Britain to give up her empire so easily in 1944, some devastating events had to have occurred.

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#50 1914-1945 The Unforeseen Consequences: The Loss of Global Financial Control

Private property for the first time became the dominant method to handle land and industry. Banking had grown in importance. The entire edifice was premised on a stable system of exchange; this was the pound sterling which acted as the world's currency. Gold had become the ultimate standard of value for all the major non colonised countries.

The British government at an early stage, in 1916, limited their adherence to the system and by 1931 removed the system altogether. The essence of the global capitalist system, that is the mechanism that held it all together, ceased to work.

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