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During the war, as Germany acquired control of new territories (by direct annexation, by military administration, or by installing puppet governments in defeated countries), these new territories were forced by the Nazi administration to sell raw materials and agricultural products to German buyers at extremely low prices.
The use of slave and forced labour in Nazi Germany (German: Zwangsarbeit) and throughout German-occupied Europe during World War II took place on an unprecedented scale. [2] It was a vital part of the German economic exploitation of conquered territories. It also contributed to the mass extermination of populations in occupied Europe.
The whaler on HMS Sheffield being manned with an armed boarding party to check a neutral vessel stopped at sea, 20 Oct 1941. The Blockade of Germany (1939–1945), also known as the Economic War, involved operations carried out during World War II by the British Empire and by France in order to restrict the supplies of minerals, fuel, metals, food and textiles needed by Nazi Germany – and ...
An estimated 13.6 million soldiers, including a few women, served in the Wehrmacht, the German military forces, during World War II—drawn from a German population of about 80 million. [22] 4.3 million were killed during the war [23] The heavy military demand for manpower caused severe shortages of labor in Germany for both industry and ...
Like Swiss banks, American car companies deny helping the Nazi war machine or profiting from forced labor at their German subsidiaries during World War II. [9] "General Motors was far more important to the Nazi war machine than Switzerland," according to Bradford Snell. "The Nazis could have invaded Poland and Russia without Switzerland.
Initially, the outbreak of World War II did not bring about any large changes in the German economy. Germany had spent six years preparing for war and a large portion of the economy was already devoted to military production. Unlike most other governments, the Nazis did not increase direct taxes by any significant amount in order to fund the war.
The Four Year Plan (German: Vierjahresplan) was a series of economic measures initiated by Adolf Hitler in Nazi Germany in 1936. Hitler placed Hermann Göring in charge of these measures, making him a Reich Plenipotentiary (Reichsbevollmächtigter) whose jurisdiction cut across the responsibilities of various cabinet ministries, including those of the Minister of Economics, the Defense ...
The West German economy did not grow as fast or as consistently in the 1960s as it had during the 1950s, in part because such a torrid pace could not be sustained, in part because the supply of fresh labor from East Germany was cut off by the Berlin Wall, built in 1961, and in part because the Bundesbank became disturbed about potential ...