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re: 70th Anniversary of Auschwitz Liberation: German Perspective
Posted on 1/27/15 at 1:09 pm to TheCaterpillar
Posted on 1/27/15 at 1:09 pm to TheCaterpillar
quote:
Treaty of Versailles is largely to blame for Germany being completely gutted economically speaking.
Their paper currency was more valuable to use as firewood than as actual currency. Think about that.
The Treaty of Versailles played a big role in the misery of the Germans in the 20's and early 30's. But the fact the Weimar government chose to print out of thin air trillions of German Marks with nothing to back it's value in an effort to pay off their war debt played a huge role in the collapse of their currency.
This post was edited on 1/27/15 at 1:12 pm
1
Posted on 1/27/15 at 1:14 pm to Darth_Vader
quote:
The Treaty of Versailles played a big role in the misery of the Germans in the 20's and early 30's. But the fact the Weimar government chose to print out of thin air trillions of German Marks with nothing to back it's value in an effort to pay off their war debt played a huge role in the collapse of their currency.
Their currency collapsed no doubt, but that hyperinflation was a way of sidestepping the Treaty sanctions. They didn't lose what was important, and you can see that in the buildup of the economy and war machine. They had industry and a shitload of skilled workers ready to go to work.
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