War World 2 Question
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Germany economy was crippled after World War 1.How did it mange to finance its
World 2 War Machine?
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Mercedes-Benz?
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The Nazi regime never attempted to convince the general populace to buy long-term war bonds as had been done during the First World War.[27] The Reich government did not want to present any perceived form of public referendum on the war, which would be the indirect result if a bond drive did poorly.[28] Rather, the regime financed its war efforts by borrowing directly from financial institutions, using short-term war bonds as collateral.[27] German bankers, with no demonstration of resistance, agreed to taken state bonds into their portfolios.[27] Financial institutions transferred their monies to the Finance Department in exchange for promissory notes. Through this strategy, 40 million bank and investment accounts were quietly converted into war bonds, providing the Reich government with a continuous supply of money.[29] Likewise, German bank commissioners compelled occupied Czechoslovakia to buy up German war bonds. By the end of the war, German war bonds accounted for 70 percent of investments held by Czechoslovakian banks.[29]
http://en.wikipedia.org/wiki/War_bond
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Do not think of the past.Have no wish for the future.These words of wisdom are not by me but by a yoga master.
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Those that fail to learn from history are doomed to repeat it.
It's like walking along this path in the morning, you fell into a manhole, then you walk along the same path the second day, you fall into it again, the next day you fall into it again, it goes on and on because you don't want to learn from the past.