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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.
Germany had spent six years preparing for war and a large portion of the economy was already devoted to military production. Unlike most other governments, the Nazis did not increase direct taxes by any significant amount in order to fund the war. The top income tax rate in 1941 was 13.7% in Germany as opposed to 23.7% in Great Britain. [139]
1. Parent (s) Herbert Quandt. Johanna Quandt. Relatives. Susanne Klatten (sister) Silvia Quandt (half-sister) Stefan Quandt (born 9 May 1966) is a German billionaire heir, engineer and industrialist. As of October 2021, his net worth is estimated at US$23.2 billion [ 1] and ranked at number 89 on Bloomberg Billionaires Index.
It was only in the late 1980s that West Germany's economy finally began to grow more rapidly. The growth rate for West German GDP rose to 3.7 percent in 1988 and 3.6 percent in 1989, the highest levels of the decade. The unemployment rate also fell to 7.6 percent in 1989, despite an influx of workers from abroad.
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 ...
The heavy military demand for manpower caused severe shortages of labor in Germany for both industry and agriculture. To meet the demand for labor, Germany by 1943 had imported more than 7 million workers from other European countries, many of them forced labor. These additional people had to eat and Germany set up a system of providing ...
Adolf Hitler's wealth and income. Adolf Hitler, dictator of Germany from 1933 to 1945, earned millions of Reichsmarks (ℛℳ) throughout his political career, mainly through sales of his book Mein Kampf ("My Struggle") and his combined Chancellor's and President's salaries. After coming to power, Hitler made himself tax-exempt.