The post-World War II occupation of Germany was a huge and ..
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Out of the Ashes A New Look at Germany's Postwar Reconstruction
But the work remains sensitive. , although it is well-known in Germany that Hans Globke, the long-serving chief of staff to Konrad Adenauer, postwar West Germany’s first chancellor, had in the 1930s helped devise the anti-Semitic Nuremberg Laws.
Aftermath of World War II - Wikipedia
But because the spoils of empire from defeated Germany, Austria-Hungary, and Turkey were small, the post-World War I prosperity in the victors was short-lived and anemic.
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Post-World War I peace conference begins in Paris - Jan …
When the war broke out on July 31, 1914, the Reichsbank (German Central Bank) suspended redeemability of its notes in gold. After that there was no legal limit as to how many notes it could print. The government did not want to upset people with heavy taxes. Instead it borrowed huge amounts of money which were to be paid by the enemy after Germany had won the war, Much of the borrowing was discounted and monetized by the Reichsbank. As explained later, this amounted to issuing straight printing press money.
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Especially in an economic crisis or a war, the pressure to inflate becomes overwhelming. Any alternative may seem politically disastrous. Whether it be the Roman emperors repeatedly debasing their coinage, the French revolutionary government printing a flood of assignats, John Law flooding France with debased money, or the Continental Congress issuing money until it was literally "not worth a Continental," the story is similar. A government in financial straits finds its easiest recourse is to issue more and more money until the money loses its value. The entire process is accompanied by a barrage of explanations, propaganda and new regulations which hide the true situation from the eyes of most people until they have lost all their savings. In World War I, Germany -- like other governments -- borrowed heavily to pay its war costs. This led to inflation, but not much more than in the U.S. during the same period. After the war there was a period of stability, but then the inflation resumed. By 1923, the wildest inflation in history was raging. Often prices doubled in a few hours. A wild stampede developed to buy goods and get rid of money. By late 1923 it took 200 billion marks buy a loaf of bread.