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> pushed it into an inflationary debt crisis and eventually created Nazism The hyperinflation of the early 20s has a lot of sticking power in the mind, but it
by cynicalkane 7y ago
> pushed it into an inflationary debt crisis and eventually created Nazism
The hyperinflation of the early 20s has a lot of sticking power in the mind, but it was the severe deflationary crisis of 1929-32 that immediately preceded the rise of Nazism.
- sverige 7y agoThe hyperinflation helped create the chaos and sense of social disorder that made the Nazis' appeals to tradition so powerful for a certain segment of society. I don't think they would have been able to gain such broad tacit support without that chaos and the fear it created. That support was already in place when the financial pendulum swung the other way.