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Economy of Nazi Germany. Economy of Nazi Germany. Prisoner work force in the construction of the Valentin submarine pens for U-boats, in 1944. Location. The Third Reich and German-occupied Europe; forced labor predominantly from Nazi-occupied Poland and the Nazi-occupied Soviet Union. Period. Great Depression and World War II (1933–1945)
Düsseldorf. The Vereinigte Stahlwerke AG (VSt or Vestag, United Steelworks) was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II. During the 1930s, VSt was one of the biggest German companies and, at times, also the largest steel producer in Europe.
[6] [7] [8] Ford Werke and Ford SAF (Ford's subsidiaries in Germany and France, respectively) produced military vehicles and other equipment for Nazi Germany's war effort. Some of Ford's operations in Germany at the time were run using forced labor. When the U.S. Army liberated the Ford plants in Cologne and Berlin, they found "destitute ...
Four Year Plan. The Four Year Plan was a series of economic measures initiated by Adolf Hitler in Nazi Germany in 1936. Hitler placed Hermann Göring in charge of these measures, making him a Reich Plenipotentiary (Reichsbevollmächtigter) whose jurisdiction cut across the responsibilities of various cabinet ministries, including those of the ...
In the years leading up to the outbreak of World War II in Europe in 1939, there was some significant collaborative development in heavy industry between German companies and their Japanese counterparts as part of the two nation's evolving relations. This was one major factor in Japan's ability to quickly exploit raw materials in the areas of ...
Germany went on to cast off that moniker, partly by introducing labor market reforms, and its exports and economy boomed in the decade following the 2008 global financial crisis — fueled by ...
Level of industry plans. Allocation policy for "surplus" German heavy industry. The first "level of industry" plan, signed by the Allies on March 29, 1946, stated that German heavy industry was to be lowered to 50% of its 1938 levels by the destruction of 1,500 listed manufacturing plants. [3] In January 1946 the Allied Control Council set the ...
The fallout has left Germany projected to be the worst-performing major economy this year, shrinking by 0.5%, according to the International Monetary Fund. Prospects for next year are only a ...