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Alan Pennie
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Comments by "Alan Pennie" (@alanpennie8013) on "Why did Hitler hire and fire Schacht?" video.
@TheImperatorKnight Oh dear. You need to read more Roman monetaryl history. But basically goes like this. Silver coinage until mid - 3rd century. Partial demonetization under Diocletian (the military annona) Partial remonetization under Constantine (the gold solidus). Full remonetization under Anastasius (late 5th century, bronze coinage). This is highly over simplified but will do as a rule of thumb. Based on Michael Grant, The Climax of Rome, chapter 3.
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He's a fascinatingly ambiguous figure. He first enabled the catastrophe ( by inventing instruments like the MEFO Bill to finance rearmament) then tried to avert it.
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You should read, The Man in The High Castle, since the Nazis do exactly that in that novel (colonise Mars having wrecked Earth).
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It's a interesting question. I think the answer is the German industrial capitalism was exceptionally organised (kartellized) from its inception. You have to remember that Germany was economically unified before it was politically unified so that German industrialists saw themselves as national leaders. Which may help to explain why Schacht despite being a liberal banker, was prepared to accept a much more controlled economy than a British or American banker would have.
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