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This part I found particularly interesting: (if true) "War had been extraordinarily profitable for the German economy. By 1948 - despite six years of conflict,
by kurtosis 17y ago
This part I found particularly interesting: (if true)
"War had been extraordinarily profitable for the German economy. By 1948 - despite six years of conflict, Allied bombing and post-war reparations payments - the capital stock of assets such as equipment and buildings was larger than in 1936, thanks mainly to the armaments boom."
I had always thought it obvious that war was a disaster for the german economy. Many german cities were burnt to the ground. I wonder what the source is on this.
- cedsav 17y agoyeah, I really doubt it's true. Reparations were paid mainly in machinery and plants and there was a serious attempt at deindustrializing Germany. http://en.wikipedia.org/wiki/War_reparations#Europe http://en.wikipedia.org/wiki/War_reparations#Europe http://en.wikipedia.org/wiki/Morgenthau_Plan http://en.wikipedia.org/wiki/Morgenthau_Plan