Why did Hitler hire and fire Schacht?
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- Äas pĆidĂĄn 20. 06. 2021
- Hjalmar Schacht was Hitler's banker between the years 1933 and 1939. He was also the Reichsminister of Economics between 1934 and 1937, playing a central role in financing the Third Reich's rearmament programme in the build up to war. Schacht also helped set up the Bank of International Settlements (the BIS) in 1930. So why did Hitler hire him? And why did Hitler fire him? Let's find out.
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History isnât as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - âBut is this really the case?â. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). Iâm therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.
This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.
Marxist always try to say Schacht was responsible for the recovery in Germany and was the guy behind Hitler. This was not the case at all, he was only responsible for temporary privatization measures that were also largely a myth. Schacht is a man fired by Hitler and put into a concentration camp for trying to kill Hitler, a man who was called;
the mystery of why Hitler lost WW2 is solved. Hitler lost because he got rid of Schacht. Schacht gave +10 percent speed to build civilian factories, but "madman Hitler" only built military factories
Hjalmar Schacht, one of the only three acquitted at the first NĂŒremberg tribunal. The others being von Papen and Fritzsche.
Schacht's words regarding government expenditure and inflation could be relevant today.
This guy was fired bcos Germany started the focus to demand sudetenland. Fell bad as that Germany missed 10% construction speed that could have helped in operation Barbarossa.
Capitalism for peacetime, Socialism for wartime
I would really love a video going over the plunder the Germans did during the war to sustain themselves, and how they used the economies of occupied areas. Your video on Greece was excellent in this regard but one in the same vein on France, Belgium or in the East would be insightful.
Iâm so glad you brought up the religious conflicts between nazis and Schact. Too many people think the nations socialists were ChristiansâŠif you know anything about Bonhoeffer, you know that is ludicrous.
Some intellectuals are reluctant to argue with these hair-brained theories, but TIK will take on Nazis or Commies or whoever. It is good, not talking about these theories gives them a sort of creditability, like they are some "secret information" that no one can argue with. Thank You TIK
For a dictator everyone is just a tool to be used and then to be discarded.
This reminds me of one of my favorite quotes...â The curious task of economics is to demonstrate to men how little they really know about what they imagine they can designâ - Hayek.
Damn it, I wanted that +10% civilian factory construction speed.
I give up this man is never gon go on a break no matter what
Another video about economics?
"you're all individuals" ...
Hitler: We need to increase millitary spending to save our economy which is going downhill due to millitary spending.
It amazes me that most of history could be considered a lonney tunes cartoon or similar with how insane and ridiculous some of the circumstances where
i love your voice changing dynamically while you quote something or someone, not so many people can do that correctly and immersively
What is interesting in this context: He turned back to become a Nazi some time after Nuremberg and democracy. Potentially a video about the post-war career of Mr Schacht would deserve it's own coverage.
The biggest problem people have in understanding anything about 1900-1945, is human inability to genuinely understand the mindset of humans that lived before their birth. People's only frame of reference is from their own lives, and it has since, never been similarly chaotic in the world as it was between WWI & WWII. So all we can do is "imagine" how it must have been like, without ever really understanding.