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Economy of Nazi Germany. Like many other nations at the time, Germany suffered the economic effects of the Great Depression, with unemployment soaring after the Wall Street Crash of 1929. [ 1 ] When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy.
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.
German–Soviet economic relations (1934–1941) After the Nazis rose to power in Germany in 1933, relations between Nazi Germany and the Soviet Union began to deteriorate rapidly. Trade between the two sides decreased. Following several years of high tension and rivalry, the two governments began to improve relations in 1939.
Strength Through Joy. NS Gemeinschaft Kraft durch Freude (German for 'Strength Through Joy'; KdF) was a German NSDAP -operated leisure organization in Nazi Germany. [1] It was part of the German Labour Front (German: Deutsche Arbeitsfront), the national labour organization at that time. Set up in November 1933 as a tool to promote the ...
History of BMW. The official founding date of the German motor vehicle manufacturer BMW is 7 March 1916, when an aircraft producer called Bayerische Flugzeugwerke (formerly Otto Flugmaschinenfabrik) was established. [1][2] This company was renamed to Bayerische Motoren Werke (BMW) in 1922. However, the BMW name dates back to 1917, when Rapp ...
Günther Quandt (28 July 1881 – 30 December 1954) was a German industrialist who founded an industrial empire that today includes BMW and Altana, a car and chemical company, respectively. Between, 1921 and 1929 he was married to Magda Ritschel, later the wife of Nazi Propaganda Minister Joseph Goebbels. In the 1930s he joined the Nazi Party ...
The European Union has concluded free trade agreements (FTAs) [ 1 ] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [ 2 ] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
The war and the treaty were followed by the hyper-inflation of the early 1920s that wreaked havoc on Germany's social structure and political stability. During that inflation, the value of the nation's currency, the Papiermark, collapsed from 8.9 per US$1 in 1918 to 4.2 trillion per US$1 by November 1923.