Comments by "Nattygsbord" (@nattygsbord) on "How did Germany Get so Strong after Losing WW1? | Animated History" video.
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Unemployment went down thanks to military spending. Military contractors did have a nice time building weapons for the Fuhrer. And people in general was happy to have a job after years of economic hardship. The wages was bad, but so what? After a depression and a hyperinflation were people not so picky like they normally would be, and most people were happy to have any income at all even if it was low.
So the economy was not impressive. Every shitty government red, blue, brown, green - can get economic growth by spending money on the credit card and using up all years of saved foreign currency reserves to import things from abroad.
But most of us realize that this is not a sustainable model of running an economy in the long run.
One day you will run out of dollars and rubles to buy imports. Wasting money on the military does not improve quality of life that much, and it doesn't make investments for the future.
I am not against borrowing money for investments, but I am against the idea of borrowing money for pointless luxury consumption. Buying a flat screen TV with borrowed money because you cannot afford it otherwise is a stupid idea.
But if you borrowing money to invest in the future so your country will become richer in the long run and get a better economy to pay off old loans easily, then I support the idea. A good government should invest in research, education, infrastructure.harbors, a better energy grid and so on.
While tanks and battleships only begin to rust over time and does not improve the long term strenght of a countrys economy.
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They did not fail to notice it. France was more worried than Britain and wanted to go into Germany and stopping them from breaking the many agreements in the Versaille treaty. But Britain had a half-assed attitude towards Germany, and many Brits sympatized with the Germans and thought that the Versaille treaty had been too harsh. And France felt that it was too weak to act on its own, and such an act would not be much popular with public opinion in France either, since the country had suffered gigantic losses in ww1 and therefore had a strong anti-war movement. And the rise of fascism in France didn't help either.
When Hitler occupied the Rhineland in 1936 did the allies also overestimate the strength of Germany so they feared that a war would become very costly if they would punish Germany for such a minor thing. So the allies overestimated the effect of Hitlers rearmament, since the German army was still pretty weak.
Germany did what it could to scare people into thinking their army was stronger than it really was. During military parades did troops often march twice down the same street, and stretched out military formations made the on the column of vehicles and men longer, and thus if gave the impression that Germany had more men than it had.
The allies had reacted to all this. The French had already built their Maginot line so they were safe. But as an extra insurance did they also build as many panzer divisions as Germany, and they did also have so many tanks over that they could also give the infantry many hundreds of tanks. And the French tanks were not only more, but they were also better than the German ones.
And Britain had also started to re-arm, but they were doing it at a slower phase than Germany. But on the other hand did both Britain and France have bigger armies than Germany to begin with. Britain did reintroduce conscription in 1939 (four years after Germany). But that didn't matter if it was little late - the allies still outnumbered Hitler by 2:1 in 1940
and had twice as much tanks and planes.
So the allies were hardly any fools. Many French generals had also predicted the route Germany would take during their sweep into western Europe in 1940. So much of the failure of the allies in 1940 had more to do with politics, and better tactics of the German air force and auftragstaktik than it had to do with bad preparations on behalf of the allies.
As I said earlier - France did have just as many tank divisions as Germany plus a Maginot line.
Had I been a German General in 1939 I would had advised Hitler to not start the war, because Germany lacked oil and rubber for wheels on trucks and tank tracks, and silk for parachutes. And much of the soldiers in the German army divisions only had 2 months of training. Germany would also be outnumbered by the allies and have a weaker navy, and France would have strong prepared defensive positions in the Maginot line.
The armaments industry was getting priority over the rest of the German economy, but still it was unable to produce enough tanks to replace all tanks lost in Poland before the invasion of France in may 1940. The German army also relied much on horses, while the British army (BEF) was one of the most motorized armies in the world, while the French army was consider the best army in the world by that time.
Even if I like boldness in warfare and know that a weaker force often beats a larger one if it have better leadership and training, I would have felt very uneasy with Hitlers proposal to start a new world war.
All the odds were stacked against Germany.
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You got the government. And you got the private sector (citizens, corporations, banks, etc).
Every government borrows money from the private sector. And there is nothing wrong with that. Every country does that. And if you didn't do that, then you would not have any money in your country - because all money is debt.
And without debt you do not have any money.
So when your government goes more into debt, then do the private sector get richer. But when the government gets richer, then private sector gets poorer.
It is not hard to get why. If the government increases taxes, then the people will become poorer while the government will become richer. And when the government spends more money and going into debt (and thereby getting poorer) then the private sector will get more money, and the economy will be going well, peoples wages goes up, unemployment goes down and everyone is happy.
So it doesn't really matter how this happens. As long as the government spends more money than it takes, then private sector will get richer while the government will get poorer. You can do this by increasing welfare spending, wasting more money on the military or cutting taxes or doing everything at once.
The government have an unlimited ability to pay for everything it wants to have. Just like you would be able to buy everything you would see in a store if you had your own printing press. The only limitation you would have would be inflation.
What we now see here is that Germany did not borrow much money. The German government borrowed money from the German people. But building bombs and then blow them up is perhaps not the best way of creating valueable things to repay all loans.
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