Saw the words "Hitler" and "Castro" and stopped reading.
Try being less crazy in the future.
Really. Hitler actually pulled a nation out of debt. Obama is plunging one into debt.
Interesting how it was done don't you think?
Firstly, an economic expert, President of the Reichsbank Hjalmar Schacht, was put in charge of the economy (none of the leading Nazis knew much about economics) as Minister of Economics.He decided to implement Keynesian economics on a massive scale.
He thus began a large Public Works program to reduce unemployment. The main manifestation of this was the building of the autobahns, the German motorway network.Work on the autobahns was deliberately made labour intensive, with as few heavy machines used as possible, in order to prolong the construction time.This meant more jobs were provided over a longer period of time.
Secondly, all materials needed for the Public Works program was ordered from German companies and factories, and not just the big corporations. Small and medium sized businesses, as well as big business, were given generous government contracts, enabling them to hire more workers to meet the orders, thus reducing unemployment even further.All German companies were also offered cheap government loans so they could modernize their machinery, shopfloors, and other equipment.Again, this provided more jobs as the companies ordered new machinery and equipment.
As for agriculture, farmers were also offered cheap government loans to buy fertilizers, tractors, livestock and everything necessary to modernize their farms and increase agricultural production.Once again, these materials and manufactures were purchased from German companies, meaning more jobs for Germans.
All this was paid for with MEFO Bills, a government credit note redeemable 5 years after its issue to the company or borrower; thus, anyone taking up the loans or contracts had,of necessity, to order what they wanted from German companies, which were ordered to accept MEFO Bills as payment.
All this reduced German unemployment to virtually zero by the beginning of 1936. The commensurate reduction in government expenditure on welfare payments as unemployment fell boosted government finances, as did the rapid increase in tax revenues as the number of those in employment rose.
All these things combined to get Germany out of the Great Depression. Rearmament WAS NOT a major factor in this
How did Adolf Hitler help Germany recover from the Economic Depression? - Yahoo! Answers