Why did Hitler hire and fire Schacht?

Hjalmar Schacht was Hitler's banker between the years 1933 and 1939. He was also the Reichsminister of Economics between 1934 and 1937, playing a central role in financing the Third Reich's rearmament programme in the build up to war. Schacht also helped set up the Bank of International Settlements (the BIS) in 1930. So why did Hitler hire him? And why did Hitler fire him? Let's find out.
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History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.
This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.

Пікірлер: 759

  • @ZoranZoltanous
    @ZoranZoltanous2 жыл бұрын

    Marxist always try to say Schacht was responsible for the recovery in Germany and was the guy behind Hitler. This was not the case at all, he was only responsible for temporary privatization measures that were also largely a myth. Schacht is a man fired by Hitler and put into a concentration camp for trying to kill Hitler, a man who was called; “An exponent of world capitalism and hostile to the state’s revolutionary approach to economics” by Otto Wagner the head of the Nazi economic policy branch. Schacht was a liberal economically and was against state intervention in commerce. He was against the state-sponsored programs to combat unemployment. He also hated the MMT stuff Feder came up with before Keynes. This is from Adolf Hitler by John Toland, Schacht was told; “I have called you in order to hand you your dismissal as president of the Reichsbank” Schacht took the piece of paper extended to him. “You don’t fit into the national socialist picture it reads”. All this does is indicate that Hitler hated him and this is further solidified in Hitler’s Table Talk where he called him a freemason, a tool, and an obstructionist. The guy was used then removed after he was done being useful. Even when they bring up Big Business propping up Hitler that’s also a flat out Lie and Cope. German Big Business and The Rise of Hitler by Henry Turner, Mr. Turner writes; “To What extent did the men of German big business undermine the Weimar Republic? To what extent did they finance the Nazi party and use their influence to boost Hitler into power? As should be evident by this point the answer in both cases is a great deal less than has generally been believed. Only through gross distortion can big business be afforded a crucial or even a major role in the downfall of the republic. The early growth of the NSDAP Took place without any significant aid from the circles of large-scale enterprise. Centered in industrially underdeveloped Bavaria, tainted with illegality as a consequence of a failed beer hall putsch of 1923, saddled with a program containing disturbingly anti-capitalist planks and amounting only to a raucous splinter group politically, The NSDAP languished in disrepute in the eyes of most men of big business throughout the latter part of the 1920s. The major main executives of Germany proved with rare exception resistant to the blandishments of Nazis including Hitler himself, who sought to reassure the business community about their party’s intentions. Only the electoral breakthrough of 1930, achieved without aid from big business drew attention to it from that quarter. From The Development and Character of the Nazi Political Machine, 1928-1930, and the Nsdap Electoral Breakthrough; After weighing all the evidence. We must recognize that the financial subsidies from industry were overwhelmingly directed against the Nazis. Bulk of the funds in the party treasury came from membership dues.” This an echo of what Peter Drucker, an American writer, and university professor, stated in 1939: “It is not true that ‘big business’ promoted Fascism. On the contrary, both in Italy and in Germany the proportion of Fascist sympathizers and backers was smallest in the industrial and financial classes. It is equally untrue that ‘big business’ profits from Fascism; of all the classes it probably suffers most from totalitarian economics and Wehrwirtschaft.” Explaining this point even more thoroughly is James Pool in Who Financed Hitler; “The party's financial substance was however made possible not just by the donations of the most generous contributors but by the day-to-day income from the average members. Every member of the party was expected to pay his dues of one Mark per month and give whatever his means would permit, but since many of them were unemployed there was very little surplus income. You have no idea Hitler later told Gregor Strasser what a problem it was in those days to find the money to buy my ticket when I wanted to deliver a speech at Nuremberg. Looking back at the financing of Hitler’s political activities from 1918 to 1923 one thing is particularly interesting. Many historians have contended that the national socialist party was financed and supported by big business? Yet as has been seen only two of Germany’s major industrialists FritzThyssen and Ernst von Borsig gave anything to the Nazi party during these early years. Donations came from some conservative Munich businessmen who were at the height of the communist danger as well as small Bavarian factory owners like Grandel, the Berlin piano manufacturer Bechstein and the publisher Lehmann. But none of these men despite their wealth could fit properly in the category of big business. There is no evidence that the really big industrialists of Germany such as Carl Bosch, Hermann Biicher, Carl Friedrich von Siemens, and Hugo Stinned or the great families such as the Krupps and the leading bankers and financiers gave any support to the Nazis from 1918 to 1923. Indeed few of them knew this small party from Bavaria even existed. Most of Hitler’s donations came from wealthy individuals who were radical nationalists or anti-Semites and contributed because of ideological motivation. To a certain extent the wealthy white Russians fit into this category; they could also be looked on as the only real interest group that hoped to gain a definite political-economic objective from their aid to the Nazis” The historian Richard J. Evans even says this in The Coming of The Third Reich; “The Nazi Party depended on such commitment [fiance from the grass roots]; much of its power and dynamism came from the fact that it was not dependent on Big business or bureaucratic institutions such as trade unions for its financial support.” You also have Schleicher a conservative who attempted to "tame" Hitler into cooperating with his government by offering him vice-chancellor and threatening him with an anti-Nazi alliance of parties, the so-called Querfront ("cross-front"). Hitler refused to abandon his claim to the chancellorship and Schleicher's plan failed. In response to this Goebbles said; “The Notion of the Führer as Vice-chancellor of a bourgeois cabinet is too grotesque to be taken seriously.” This entire narrative of fascism and nazism being capitalism in decay is fucking stupid. I can say this as a Fascist, WE ARE SOCIALIST! And Nationalist. Anyways in the modern context I’m more concerned about nationalism vs globalism anyways. Besides one of the people behind Fascist Syndicalism is Edmondo Rossoni; he was a “fascist syndicalist” who was a major trade union leader in Italy and played a large role in formulating syndicalism in Italy, which left its mark via the Italian Corporate System. In Mussolini’s Il Popolo d'Italia newspaper, he claimed that “only the Fascist syndicates could complete the revolution.” In the early 1920s, Rossoni’s trade unions threatened the industrialists so much that it was even speculated by some industrialists on whether to hire communists to fight the fascists. In the book Italian Industrialists From Liberalism to Fascism this is written in the Liberal-Fascism section; “Salvemini continued: “now the industrialists are no longer content with Mussolini. They are not as manageable as they wished.” At the end of actual, referring to information passed along to Donati, editor of the Catholic newspaper Il Popolo, Salvemini noted: “An industrialist of Turin told Donati that in his circle people are beginning to ask themselves if it might now be wise to pay the Communists to fight the Fascists!” In early May, the future Communist leader Palmiro Togliatti wrote to Gramsci in Moscow that “The Industrial classes are rather wary of the new regime, fearing unpredictable developments in the class struggle with Fascist syndicates.” You have a history more so of Big Business financing communists not fascists or nazis. In fact I would just say look at modern social media companies or George Soros with BLM to Antifa. Fuck these people

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    Great post! I'm going to pin this because it's well written

  • @aleksazunjic9672

    @aleksazunjic9672

    2 жыл бұрын

    @@TheImperatorKnight Socialists try to portray Hitler as a tool of capitalists, free market fanatics (like you TIK :P ) try to portray him as a socialist , but he was neither. Simply saying, In economic terms Hitler kept somewhere in the middle, and didn't have ideological problems of sometimes moving closer to capitalism and sometimes to socialism. Why ? Because Hitler did not consider economy as a heart of his ideology (that place was taken by biology, i.e. race problem) . And Hitler kept this middle road until the war started, and then gradually switched to total command economy, but other countries did that too, even US.

  • @ZoranZoltanous

    @ZoranZoltanous

    2 жыл бұрын

    @@aleksazunjic9672 Fascist and Nazi economic models is based on corporatism. Everything is brought into the orbit of the state via the guilds, i.e. corporations or syndicates or in Hitler’s case a single national trade union. You have syndicates that engage in collective-bargaining for things like wages, prices, and production quotas. Utilities are under direct state ownership like banks, infrastructure, and so forth to prevent private enterprise from subverting state authority. Further proof of this is in Mein Kampf in Vol. II, in the Personality and The Conception of The Völkisch State: “The best state constitution and state form is that which, with the most unquestioned certainty, raises the best minds in the national community to leading position and leading influence. But, as in economic life, the able men cannot be appointed from above, but must struggle through for themselves, and just as here the endless schooling, ranging from the smallest business to the largest enterprise, occurs spontaneously, with life alone giving the examinations, obviously political minds cannot be ‘discovered.’ Extraordinary geniuses permit no consideration for normal mankind. From the smallest community cell to the highest leadership of the entire Reich, the state must have the personality principle anchored in its organisation. There must be no majority decisions, but only responsible persons, and the word ‘council’ must be restored to its original meaning. Surely every man will have advisers by his side, but the decision will be made by one man. The principle which made the Prussian army in its time into the most wonderful instrument of the German people must some day, in a transferred sense, become the principle of the construction of our whole state conception: authority of every leader downward and responsibility upward. Even then it will not be possible to dispense with those corporations which today we designate as parliaments. But their councillors will then actually give counsel; responsibility, however, can and may be borne only by one man, and therefore only he alone may possess the authority and right to command. Parliaments as such are necessary, because in them, above all, personalities to which special responsible tasks can later be entrusted have an opportunity gradually to rise up. This gives the following picture: The völkisch state, from the township up to the Reich leadership, has no representative body which decides anything by the majority, but only advisory bodies which stand at the side of the elected leader, receiving their share of work from him, and in turn if necessary assuming unlimited responsibility in certain fields, just as on a larger scale the leader or chairman of the various corporations himself possesses. As a matter of principle, the völkisch state does not tolerate asking advice or opinions in special matters - say, of an economic nature - of men who, on the basis of their education and activity, can understand nothing of the subject. It, therefore, divides its representative bodies from the start into a political chamber and a corporative chamber that represents the respective trades and professions. In order to guarantee a profitable co-operation between the two, a special selected senate of the élite always stands over them. In no chamber nor in the senate does a vote ever take place. They are working institutions and not voting machines. The individual member has an advisory, but never a determining, voice. The latter is the exclusive privilege of the responsible chairman, who must be entirely responsible for the matter under discussion. This principle - absolute responsibility unconditionally combined with absolute authority - will gradually breed an élite of leaders such as today, in this era of irresponsible parliamentarianism, is utterly inconceivable. Thus, the political form of the nation will be brought into agreement with that law to which it owes its greatness in the cultural and economic field.” Furthermore in Vol. II, The Trade-Union Question “As things stand today, the trade unions in my opinion cannot be dispensed with. On the contrary, they are among the most important institutions in the nation’s economic life. Their significance lies not only in the social and political field, but even more in the general field of national politics. A people whose broad masses, through a sound trade-union movement, obtain the satisfaction of their living requirements and at the same time an education, will be tremendously strengthened in its power of resistance in the struggle for existence. Above all, the trade unions are necessary as foundation stones of the future economic parliament or chambers of estates… As already emphasised, the germ cells for the economic chambers will have to reside in bodies representing the various occupations and professions, hence above all in the trade unions. And if this future body representing the estates and the Central Economic Parliament is to constitute a National Socialist institution, these important germ cells must also embody a National Socialist attitude and conception… This state, to be sure, must, in place of the mass struggle of the two great groups - employers and workers - (which in its consequences always injures the national community as a whole by diminishing production) assume the legal care and the legal protection of all. Upon the economic chambers themselves it will be incumbent to keep the national economy functioning and eliminate the deficiencies and errors which damage it. The things for which millions fight and struggle today must in time be settled in the Representative Chambers of Estates and Professions and in the Central Economic Parliament. Then employers and workers will not rage against one another in struggles over pay and wage scales, damaging the economic existence of both, but solve these problems jointly on a higher plane, one where the welfare of the Volksgemeinschaft and of the State will be as a shining ideal to throw light on all their negotiations. Here, too, as everywhere, the iron principle must prevail that the interests of the Fatherland must come before party interests.”

  • @ZoranZoltanous

    @ZoranZoltanous

    2 жыл бұрын

    @@aleksazunjic9672 Now none of the above stuff was implemented sure but! To quote the introduction of Corporate Freedom of Action in Nazi Germany, which was a lecture delivered at the German Historical Institute in Washington which delves into why the privatization narrative is flawed: “The central, load-bearing propositions of the Buchheim-Scherner interpretation are as follows: 1. The Nazi state regulated German business in order to achieve autarky and rearmament, but did so quite unsystematically and never established anything resembling a centrally planned economy. 2. Because the Nazi state generally respected private property rights and freedom of contract, the regime rarely forced corporations to serve its objectives, but rather offered an array of inducements, which firms could take or leave without adverse consequences, to get enterprises to meet the regime’s production goals. 3. Given this context, private enterprises in Nazi Germany retained much of their autonomy over their investment decisions and production strategies, which continued to reflect managers’ estimates of long-term commercial prospects. The problem with all of these propositions is that they are half-truths. Point 1 uses the well-known improvisation and lack of central planning that characterized Nazi economics to divert attention from the fact that the interventionist spiral set in motion by Nazi trade policy in 1933-34 developed by 1938 into a full-blown, comprehensive, and state-mandated rationing and allocation system for every factor of production. That system then became more rigorous during the war and almost airtight from 1942 on. Point 2 is right that the Nazi regime preferred the carrot to the stick, for both ideological and practical reasons, but quite wrong to deny the intimidating effect of the most spectacular exceptions to this preference: the forced sale of Junkers aircraft in 1933, the conscription of private enterprises to underwrite the formation of the Braunkohle Benzin AG (Brabag) in 1934, and the virtual confiscation of the Salzgitter iron ore fields from German heavy industry in 1937 as part of the establishment of the Hermann-GöringWerke, not to mention the impact on corporate decision-making of the numerous removals of chief executives during the war, including Paul Reusch of the Gutehoff nungshütte, Willy Messerschmitt and Ernst Heinkel in the aircraft industry, and Franz Josef Bopp at BMW. Point 3 is correct that many corporate leaders recurrently imagined- indeed, longed for-an economic future that would resemble the pre-Nazi, free-market past and thus tried to sustain their traditional core operations. But Buchheim and Scherner both overstate the limited success that most large firms enjoyed in clinging to business as usual and understate the considerable extent to which many executives modified their evaluations of commercial prospects along party lines in the key interval of 1937-42.” Reading this we begin to see why the privatization narrative is flawed, especially when presented to us by Marxists. Privatization was only pursued in a limited capacity, and the industries privatized were brought back into the state sector with the regulations and political maneuvering put forth by the state. The narrative neglects much of the explorations which happened, and another good book which I will not go into much which covers a lot of the expropriations and regulations is The Vampire Economy by Gunter Reimann. Reimann was a German Marxist, so before anyone calls him out for bias, he had a Marxist bias which would lead him to still label the German economy as capitalist even though he covers extensive regulations, state planning, price-fixing, expropriations, etc. Even admitting these were socialist policies. These are even covered in The Wages of Destruction too. To elaborate on this point, I will quote Antisemitic Anticapitalism in German Culture from 1850-1933 by Matthew Ryan Lange: “Moreover, Nazí decrees of 1937 compelled further cartelization to streamline the chain of command and prepare for war, which had been the goal of the Four-Year Plan of 1936. The results of this massive interventionist policy were “complete consolidation of the entire economy, complete elimination of personal initiative and freedom of choice.”81 Even if a semblance of private ownership of business remained before the outbreak of World War II, with war raging on two fronts the National Socialists took the final step when they created the Amt für Zentrale Planung (Office for Central Planning) in 1942 which removed any remnants of private initiative.” The German economy had extensive state control and curbed private business interests unlike what Marxists like to tell you, showing its parallels to the Italian economy, relying on systems of state planning boards, economic representation, state allocation, and so forth. However, if one is not yet convinced, I will now quote “The Nazi Economic Recovery, 1932-1938” by Richard J. Overy: “Even heavy industry, that had favoured some degree of autarky and state aid in the early 1930s, found that the extent of state control exercised after 1936, and the rise of a state-owned industrial sector, threatened their interests too. The strains that such a relationship produced have already been demonstrated for the car industry, the aircraft industry and the iron and steel industry; but much more research is needed to arrive at a satisfactory historical judgement of the relationship between Nazism and German business. What is already clear is that the Third Reich was not simply a businessman's regime underpinning an authoritarian capitalism but, on the contrary, that it set about reducing the autonomy of the economic élite and subordinating it to the interests of the Nazi state.” All “private” initiatives in the German economy were ultimately up to the state to manage and allocate to its whims, which makes it nothing like the private sectors we see in capitalist economies. Having more parallels with countries like modern Red China and Tito’s Yugoslavia. In fact, according to the Nazi Economic Recovery which I just quoted, private enterprise was to be treated as more of placeholder management rather than “private” in any substantial way, as I mentioned earlier. To quote the book again: “As the state extended its role in supervising or regulating all the main economic variables, it developed a more coherent economic system. German economists christened the system 'die gelenkte Wirtschaft', the managed economy. Under such a system businessmen were regarded as economic functionaries serving the interests of the nation rather than as independent and enterprising creators of wealth. The concept of the 'managed economy suited the regime's ideological ambitions, but stifled enterprise.” Everything provided beforehand echoes this same sentiment, and to further substantiate upon this, I will quote Nazism, 1919-1945: State, economy, and society 1933-1939: “By 1939, businessmen were subject to a whole range of controls on imports, the distribution of raw materials, prices, wages, employment, capital markets and so on. The Government dictated to a large extent what and how much they should produce, the amount of new investment, where new plants should be built, the type and amount of raw materials to be used, what prices to charge their customers and what wages to pay their employees, the amount of profit they could take and how it should be used-largely in reinvestment or for the purchase of Government bonds.” With all that being said, Corporate Freedom of Action in Nazi Germany cites a statement by Hitler and his State Secretary: “In my book on IG Farben, I cited numerous such examples, including Hitler’s public remark in September 1937 that “[i]f private enterprise does not carry through the Four Year Plan, the state will assume full control of business,” and State Secretary Brinkmann’s warning a conference of insurance and banking executives in October 1938 not to “underestimate the possibility of the state managing wherever business cannot produce to an adequate degree or perform creatively.” Hitler did not have a lax attitude towards private initiative as I have just shown, and the German economy as a whole did not operate by this sense of “private” initiative and privatization. Even the citation they use arguing for privatization refutes itself because many of these companies were allocated to the higher ranking members within the party and the party was the state. They were controlled by a National Trade Union (German Labor Front), just more regulations, economic planning or ways to increase further control or ownership by the state. Essentially this functioned not much different than the Italian model. Now if you read Wegener’s memoirs or Hitler’s Table Talks. He planned to eventually implement the similar bureaucratic bodies based on occupation in a Corporative parliamentary system with a senate acting sorta like the Italian Fascist Grand Council. So yes the stuff in Mein Kampf was being pushed gradually. All of this was identified as a version of German socialism that was anti-communist with people like Rudolf Jung in the early years to later on with people like Wegener or even Reinhardt. Even non-Nazis like Werner Sombart and Oswald Spengler in the conservative revolution were pushing German Socialism.

  • @aleksazunjic9672

    @aleksazunjic9672

    2 жыл бұрын

    @@ZoranZoltanous You are burdening yourself with trifles :D Hitler was not interested in any pure economic model, be it corporatism, capitalism, socialism etc ... He simply wanted Lebensraum for his Volk . Economy was just a tool, but his core belief was that if he had strong, Aryan, pure blooded people, such people would build its own civilization and society including economy. In economic terms, his primary concern was to build strong industry that could support his armies, but at the same time not to overburden people with hardship in order to avoid mutinies and revolutions of 1918. Therefore, until the war started, Hitler was moving sometimes towards socialism, sometimes toward capitalism, seemingly haphazardly . In fact, he didn't care . All he wanted was to built up Wehrmacht and prepare for war as best he could.

  • @oceanmadrosci3381
    @oceanmadrosci33812 жыл бұрын

    the mystery of why Hitler lost WW2 is solved. Hitler lost because he got rid of Schacht. Schacht gave +10 percent speed to build civilian factories, but "madman Hitler" only built military factories

  • @Dora-exnxplora

    @Dora-exnxplora

    2 жыл бұрын

    Hi

  • @oceanmadrosci3381

    @oceanmadrosci3381

    2 жыл бұрын

    @@Dora-exnxplora Hi

  • @kevinpascual

    @kevinpascual

    2 жыл бұрын

    Can you Min Max money supply?

  • @cyrusol

    @cyrusol

    2 жыл бұрын

    Actually if you rush only mil factories is better anyway.

  • @Dora-exnxplora

    @Dora-exnxplora

    2 жыл бұрын

    @@oceanmadrosci3381 haw dare you call me Madman

  • @AtlasAugustus
    @AtlasAugustus2 жыл бұрын

    Damn it, I wanted that +10% civilian factory construction speed. Love your work TIK

  • @Olter_

    @Olter_

    2 жыл бұрын

    You dont need it after the first few years though

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    FIRST! And is that a HOI reference?

  • @zinedinepartipilo4960

    @zinedinepartipilo4960

    2 жыл бұрын

    @@TheImperatorKnight yes it is!

  • @AtlasAugustus

    @AtlasAugustus

    2 жыл бұрын

    *Heavy Water intensifies*

  • @Black-js5ke

    @Black-js5ke

    2 жыл бұрын

    @@TheImperatorKnight have you played hoi4? And did you like it?

  • @wetchicken4793
    @wetchicken47932 жыл бұрын

    I give up this man is never gon go on a break no matter what

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    Actually... I may have to take a day off tomorrow. Absolutely knackered right now

  • @ErikHare

    @ErikHare

    2 жыл бұрын

    You're .... not a machine? Oh my. 😄

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    No, I'm not a machine... beep

  • @gnenian

    @gnenian

    2 жыл бұрын

    Yes but the point of his videos is Hitler micromanaging everything.

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    @Evan Langston You made me laugh out loud, thank you for that!

  • @briannewman6216
    @briannewman62162 жыл бұрын

    Schacht's words regarding government expenditure and inflation could be relevant today.

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    Yes, yes it could

  • @comentedonakeyboard

    @comentedonakeyboard

    Ай бұрын

    With the benefit of hindsight it is

  • @OlmoVonHabsurg
    @OlmoVonHabsurg2 жыл бұрын

    Another video about economics? "A blessing from the lord!"

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    It's not really about the economics too much, unfortunately.

  • @OlmoVonHabsurg

    @OlmoVonHabsurg

    2 жыл бұрын

    @@TheImperatorKnight it's close enough :)

  • @chrishoff402

    @chrishoff402

    2 жыл бұрын

    Prescott Bush was Hitler's banker in America, via the Union Banking Corporation.

  • @spiffygonzales5160
    @spiffygonzales51602 жыл бұрын

    Hitler: We need to increase millitary spending to save our economy which is going downhill due to millitary spending. Shlact: 😑

  • @Paciat

    @Paciat

    2 жыл бұрын

    Average German voter: This makes sense.

  • @lamwen03

    @lamwen03

    2 жыл бұрын

    It makes more sense if you say "We're going to increase military spending so we can go take other peoples' stuff". Everyone understands taking other peoples' stuff.

  • @sorsocksfake

    @sorsocksfake

    2 жыл бұрын

    Not necessarily a contradiction, it should be said. There are situations where there is no golden middle, while two more radical positions do each work. Indeed this happens somewhat frequently. Here particularly, there is no contradiction, as long as you plan to stabilize the economy with war booty, which Hitler did plan.

  • @odysseus2656

    @odysseus2656

    2 жыл бұрын

    @@Paciat it was told to me over and over and over growing up. War gives us a good economy and mankind makes so many yuge leaps forward during wars, I was told many times by the WW2 generation. People need order and authority, they would say.

  • @Paciat

    @Paciat

    2 жыл бұрын

    @@odysseus2656 Then you were told wrong. War economy is horrible with you as a civilian getting nothing of of it. Soviet Union in the years 1914 - 1945 had a war focused economy (almost wartime at best). And there are many stories where Soviet soldiers are stunned by the capitalist (read Soviet enemy) quality of life. Also wartime economy dosnt focus at the far future and with hindsight is often is called irresponsible. WW2 generation believed that working hard with overtime makes you understand more than the economy of their own wallets.

  • @henrykissinger3151
    @henrykissinger31512 жыл бұрын

    Hjalmar Schacht, one of the only three acquitted at the first Nüremberg tribunal. The others being von Papen and Fritzsche.

  • @spiffygonzales5160

    @spiffygonzales5160

    2 жыл бұрын

    Seriously blows my mind how Papen of all people managed to be acquitted. Can someone 3explain that to me?

  • @fakeplaystore7991

    @fakeplaystore7991

    2 жыл бұрын

    ​@@spiffygonzales5160 "Let me get this straight, Mr. Papen, you thought you could put Hitler in charge and then control him from behind the scenes? That's... hmm... acquitted on grounds of mental retardation."

  • @_Abjuranax_

    @_Abjuranax_

    2 жыл бұрын

    Not charged as a war criminal at Nuremberg, von Papen was classified as one in 1947 by a German de-Nazification court, and sentenced to eight years' hard labor. He was acquitted following appeal after serving two.

  • @Fellimari

    @Fellimari

    2 жыл бұрын

    Weird how Mayer Rothschild the individual's 3 individual sons pursued his individual goal qnd the famioy has pursued that goal in concert with coethnics. Since, there are no groups and all

  • @Samuel070793

    @Samuel070793

    2 жыл бұрын

    @@spiffygonzales5160 He was a obedient and loyal Knight of Malta of the Jesuit Vatican.

  • @russellblake9850
    @russellblake98502 жыл бұрын

    "you're all individuals" ... "I'm not"

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    Honestly, it sometimes feels like I'm repeating that scene...

  • @jakublulek3261

    @jakublulek3261

    2 жыл бұрын

    "We are all individuals"

  • @fallingfallingfallingfalli500

    @fallingfallingfallingfalli500

    2 жыл бұрын

    There are ONLY individuals, all collective "sharing of the ego" are mere abstractions, philosophical nonsense if watched closely.

  • @bryannoyce

    @bryannoyce

    2 жыл бұрын

    @@jakublulek3261 "We are all individuals"

  • @jussim.konttinen4981

    @jussim.konttinen4981

    2 жыл бұрын

    This suits me, because it makes British Indian Army plain British. Pakistani activists estimate that there are about 1,000 “honor” killings every year.

  • @michaelthayer5351
    @michaelthayer53512 жыл бұрын

    I would really love a video going over the plunder the Germans did during the war to sustain themselves, and how they used the economies of occupied areas. Your video on Greece was excellent in this regard but one in the same vein on France, Belgium or in the East would be insightful.

  • @Ealsante

    @Ealsante

    2 жыл бұрын

    Agree on this! It's a fascinating but also horrifying subject.

  • @johnwolf2829

    @johnwolf2829

    2 жыл бұрын

    Taking it a step farther would also be good; how all of that was wasted in a scatter-brained system.

  • @flomparolic

    @flomparolic

    2 жыл бұрын

    Alsace and Lorraine would be good case-studies for this. When the Nazis took over they inserted party members into all businesses, siezed capital and other property if people resisted, exiled owners and politicians, and otherwise purged the regions of anybody who could oppose their political or economic plunder.

  • @mikeoz4803

    @mikeoz4803

    2 жыл бұрын

    The mistake Schacht made was telling the mad dog Hitler that the Reichbank was broke & could no longer pay for rearmament. Also that inflation was rising fast due to out of control spending. GONE!

  • @chaddy2409

    @chaddy2409

    2 жыл бұрын

    @@mikeoz4803 of what inflation are you speaking?

  • @aerialmacaroon6312
    @aerialmacaroon63122 жыл бұрын

    It amazes me that most of history could be considered a lonney tunes cartoon or similar with how insane and ridiculous some of the circumstances where

  • @fakeplaystore7991

    @fakeplaystore7991

    2 жыл бұрын

    The July Crisis of 1914 has to be the best example of an Arrested Development-esque plot in real life.

  • @strategicperson95

    @strategicperson95

    2 жыл бұрын

    Reality certainly can be stranger than fiction.

  • @juansantos-lq2kz

    @juansantos-lq2kz

    2 жыл бұрын

    Welcome to Planet Earth: the planet ruled by psychotic apes.

  • @aerialmacaroon6312

    @aerialmacaroon6312

    2 жыл бұрын

    @@juansantos-lq2kz believe me I know that ; just listening to politicaticans talk and act like they know what they’re talking about hurts my head

  • @bezahltersystemtroll5055

    @bezahltersystemtroll5055

    2 жыл бұрын

    same, except it depresses me

  • @Nonplussed
    @Nonplussed2 жыл бұрын

    Hitler fired Schacht because he's jealous of Schacht's stache.

  • @Torgo1001

    @Torgo1001

    2 жыл бұрын

    Hjalmar had a "schactache."

  • @adifferenttake8971
    @adifferenttake89712 жыл бұрын

    Every time my wife hears your voice, she imagines a big hairy red bearded viking (re how to train your dragon), and finds the reality is quite a contrast. Can you arrange some costuming to help with her cognative dissonance? 🤣 Thank you very much for you hard work in putting these videos together.

  • @agentorange6085

    @agentorange6085

    2 жыл бұрын

    My wife keeps telling me TIK sounds like a big strong policeman with handcuffs and a truncheon... ...are we missing something?

  • @captainsponge7825
    @captainsponge78252 жыл бұрын

    i love your voice changing dynamically while you quote something or someone, not so many people can do that correctly and immersively

  • @leechgully

    @leechgully

    2 жыл бұрын

    Yes ,we all love TIK's growly bad guy voice.

  • @WakeMeWhenItsOver

    @WakeMeWhenItsOver

    2 жыл бұрын

    Perfect for keeping yourself from getting audio quoted out of context! “I was CLEARLY doing the Hitler voice”

  • @gocool_2.0
    @gocool_2.02 жыл бұрын

    This guy was fired bcos Germany started the focus to demand sudetenland. Fell bad as that Germany missed 10% construction speed that could have helped in operation Barbarossa.

  • @danharp7273
    @danharp72732 жыл бұрын

    "Sacked Schacht" is not the easiest phrase to rattle off quickly

  • @Friddsch
    @Friddsch2 жыл бұрын

    What is interesting in this context: He turned back to become a Nazi some time after Nuremberg and democracy. Potentially a video about the post-war career of Mr Schacht would deserve it's own coverage.

  • @hermitoldguy6312

    @hermitoldguy6312

    2 жыл бұрын

    Power is a drug.

  • @InterestedAmerican
    @InterestedAmerican2 жыл бұрын

    The biggest problem people have in understanding anything about 1900-1945, is human inability to genuinely understand the mindset of humans that lived before their birth. People's only frame of reference is from their own lives, and it has since, never been similarly chaotic in the world as it was between WWI & WWII. So all we can do is "imagine" how it must have been like, without ever really understanding.

  • @cloudybeforerain7134

    @cloudybeforerain7134

    2 жыл бұрын

    Excellent point.

  • @QuizmasterLaw

    @QuizmasterLaw

    2 жыл бұрын

    yeah, a lot of things happening today make no sense to me, half the world never even existed before 9/11 the other half did for one example.

  • @calumdeighton
    @calumdeighton2 жыл бұрын

    Hey TIK. Great call out on Mises work and praxeology. Really good insert there.

  • @tomogburn2462

    @tomogburn2462

    2 жыл бұрын

    Did he finally realize Mises is an idiot? Whats the timestamp for this?

  • @silent_stalker3687

    @silent_stalker3687

    2 жыл бұрын

    @@tomogburn2462 how is he a idiot?

  • @tomogburn2462

    @tomogburn2462

    2 жыл бұрын

    @@silent_stalker3687 Probably because he undermined his entire career with his own hypothesis? If you cant proof a system because actors are irrational, you cant then turn around and sell me a fuckin system based on people being rational. Bro thats like a person telling me not to take antibiotics that arent approved then turning around and trying to sell me some crystals. Yes you might be right about the medicine, but why the fuck would I buy what your selling when you just told me not to buy shit that aint approved. You're hocking some fucking crystals as a cure to the common cold. Fuck outta here. You just told me not to do that.

  • @fazole

    @fazole

    2 жыл бұрын

    @@tomogburn2462 When governments have rational (honest) policies, people act rationally (on the whole). For example they save AND spend. However as fiat allows govts. to act irrationally (dishonestly), the people start doing the same. If your policies encourage 0 saving because inflation destroys savings, then people won't save and will begin frantically bidding up real assets. This bubble creation starts to become self sustaining. As we saw in Holland's Tulip Mania and in Bitcoin today. Irrational govts=irrational economic behavior.

  • @fazole

    @fazole

    2 жыл бұрын

    The most interesting theory I've read is that WW2 was a battle between occultists with Churchie following Crowely and Addie following Blavatsky. FDR put the pyramid and the eye on the dollar bill. Weirdo occultists were part of GB, Germany and US governments.

  • @holidayhouse03
    @holidayhouse032 жыл бұрын

    This reminds me of one of my favorite quotes...” The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design” - Hayek.

  • @pavoldanko4811
    @pavoldanko48112 жыл бұрын

    @TIK So, you say that there is a theory that basically states: "Hitler was not a real nazi! Real national socialism has never been tried!" I am pretty sure I heard that one before...

  • @ivanbro1208

    @ivanbro1208

    2 жыл бұрын

    No dude, just some guys think hitler was made to be the german leader and start ww2 to make the world shy away from nationalism as it was actually getting more and more popular before ww2. To then allow capitalism to profit even more from societies that dont give a fuck from the product comes from and how dependent a nation is from another and vice versa. Lots of details but you can just google it

  • @erikgranqvist3680
    @erikgranqvist36802 жыл бұрын

    Also - I applaude that you are talking about things like this, even though it is not necessary the most crowd-gathering subject. Yet, it is critical to understand why and how WW2 went the way it did.

  • @davidk6269
    @davidk62692 жыл бұрын

    Hitler hired Schacht O'Neal for his powerful inside game and rebounding. He fired him for his awful free throw percentage.

  • @WoefulPie

    @WoefulPie

    2 жыл бұрын

    Don't be Schachtin' a fool!

  • @jackobrien47

    @jackobrien47

    2 жыл бұрын

    The Germans never used the term "Blitzkrieg". They preferred the term "The Schacht Attack".

  • @ricardoguanipa8275

    @ricardoguanipa8275

    2 жыл бұрын

    Schacht attack!

  • @t700e

    @t700e

    2 жыл бұрын

    Hack-a-Schacht

  • @dragosstanciu9866
    @dragosstanciu98662 жыл бұрын

    For a dictator everyone is just a tool to be used and then to be discarded.

  • @nikolajwinther5955

    @nikolajwinther5955

    2 жыл бұрын

    Unlike democratic leaders?

  • @dragosstanciu9866

    @dragosstanciu9866

    2 жыл бұрын

    @@nikolajwinther5955 Democratic leaders are limited in their power and influence.

  • @jakobrinsdorf7791

    @jakobrinsdorf7791

    2 жыл бұрын

    @@nikolajwinther5955 watch for the edge

  • @ivanbro1208

    @ivanbro1208

    2 жыл бұрын

    Bro a dictator can be wtv you wanna be. There have been countless of good dictators and countless of bad dictators. Its a matter of the people choosing the right one.

  • @ImperialKnight86

    @ImperialKnight86

    Жыл бұрын

    But how do you choose the right one though? Gaddafi started off good, then he became corrupt

  • @craigtheng
    @craigtheng2 жыл бұрын

    Schacht: "No central bank is capable of maintaining the currency against an inflationist spending policy on the part of the state." Jerome Powell and Joe Biden: *Uncomfortable glances.*

  • @bryannoyce
    @bryannoyce2 жыл бұрын

    Some intellectuals are reluctant to argue with these hair-brained theories, but TIK will take on Nazis or Commies or whoever. It is good, not talking about these theories gives them a sort of creditability, like they are some "secret information" that no one can argue with. Thank You TIK

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    I fully agree. The problem I have right now is that it's hard to actually tackle the arguments because the arguments are difficult to find due to all the censorship. I understand why people knee-jerk react and demand that Nazi or Communist books and content get taken down, but it doesn't solve the issue. All it does is drive it underground, making it more difficult for people like me to address it.

  • @bryannoyce

    @bryannoyce

    2 жыл бұрын

    @@TheImperatorKnight as a rule, if you find yourself doing the same thing the Nazis did, you should examine your actions carefully. Deplatforming was practiced extensively by the Nazi party. When I was young they made a big deal about "book burning", but what is the difference between book burning and suspending some ones KZread channel? The underlying concept is that, decisions of this type should be made by the powerful, in back rooms and secret meetings, not by the general public.

  • @JohnKobaRuddy

    @JohnKobaRuddy

    2 жыл бұрын

    He’s been asked to debate his stance on communism etc plenty of times. The Finnish Bolshevik even did videos on tiks take on ideologies

  • @bryannoyce

    @bryannoyce

    2 жыл бұрын

    @@JohnKobaRuddy I looked at The Finnish Bolshevik's channel, I did not know that existed. I don't think "in person" debates are all that great, I think that they should just make videos responding to each other's videos. A sort of, video back and forth debate. The arguments will be better researched and better presented, which will help people make better decisions.

  • @mikeoz4803

    @mikeoz4803

    2 жыл бұрын

    The mistake Schacht made was telling the mad dog Hitler that the Reichbank was broke & could no longer pay for rearmament. Also that inflation was rising fast due to out of control spending. GONE!

  • @jpbazzano3636
    @jpbazzano36362 жыл бұрын

    Thank you for making videos. let alone high quality.

  • @hungrysoles
    @hungrysoles2 жыл бұрын

    I appreciate that you publicize your sources of your information.

  • @rintoule
    @rintoule2 жыл бұрын

    Your good sense in seeking to understand the economic constraints to military power (arms, food, logistics and the limits of finance) is very refreshing. You consequently highlight the not infrequent disconnect between populist, illogical ideologies and economic, military reality. I look forward to more of you insightful and reasoned analyses of history. Congratulations on a brilliant channel.

  • @sellsjeeps
    @sellsjeeps2 жыл бұрын

    Awesome video. Thank you SO MUCH for touching on this. So few people know about the financial relationships that continued between Nazi Germany and the allies during the war. The BIS is the key to it all. Best WW2 historian on the tube.

  • @hannahmich7342
    @hannahmich73422 жыл бұрын

    Well rounded presentation.

  • @richardbeard9391
    @richardbeard93912 жыл бұрын

    another great video homie. keep it up

  • @davelauerman6865
    @davelauerman68652 жыл бұрын

    Another excellent video, well researched and well reasoned. I quibble with your bald assertion that “groups do not exist’. Perhaps they don’t, but societies behave as if they do, and an analysis which recognizes the tensions and interactions between individuals and groups, groups and groups, and groups of groups between each other produces a more coherent and useful model than the technically true but behaviorally false notion that humans do not form themselves into associations based upon religion, economic interest, ethnicity, beliefs. And a whole host of other factors. It’s a mistake, as you so cogently point out, to try and treat ‘groups as monolithic. It’s also a mistake to pretend they they are not a factor in human behavior. Just my $.02. Great video.

  • @loungelizard3922
    @loungelizard39222 жыл бұрын

    Thanks for another great video, please take a break. That last Stalingrad video was a monster.

  • @andrewkelley9405
    @andrewkelley94052 жыл бұрын

    I’m so glad you brought up the religious conflicts between nazis and Schact. Too many people think the nations socialists were Christians…if you know anything about Bonhoeffer, you know that is ludicrous.

  • @erikgranqvist3680
    @erikgranqvist36802 жыл бұрын

    As an accountant, I have allways been interested in economic history. The post WW1 period in general is very interesting, and confusing, because nations went to the extreme in various ways. With things like hyper inflation, the depression etcetera as a result. Germany (and Soviet) was the most extreme.

  • @BuzbyWuzby
    @BuzbyWuzby2 жыл бұрын

    I read somewhere that Hitler once said, "Everytime I shake Schacht's hand I count my fingers afterwards"

  • @latagawande1978

    @latagawande1978

    Күн бұрын

    really?

  • @BuzbyWuzby

    @BuzbyWuzby

    Күн бұрын

    @@latagawande1978 Yes really!

  • @eze8970
    @eze89702 жыл бұрын

    More great work TIK, thank you!

  • @AR15andGOD
    @AR15andGOD Жыл бұрын

    Your logical deductions are exquisite

  • @LineaDeus
    @LineaDeus2 жыл бұрын

    *You have very little on Japan in WWII. From 1931 - 1945 Japan, by its actions and objectives mirrored Hitlers ideals of Racial Nationalism against the Chinese, and Japan showed identical signs of economic failures as Germany. ...When the Military and Political Elite of Japan Met Hitler in Germany in the beginning of 1930's, Did Japan copy and paste the economic Structure of Hitler's National Socialism to be Japan's new economic structure??*

  • @garryhynds4870
    @garryhynds48702 жыл бұрын

    Well done!

  • @omd-1064
    @omd-10642 жыл бұрын

    Video quality has noticeably gone up tik, good stuff

  • @ulfpe
    @ulfpe2 жыл бұрын

    Very interesting, thanks for a good video

  • @MisterDogg
    @MisterDogg2 жыл бұрын

    Nothing I appreciate more than a paper trail to someone's reasoning/understanding. It's like this guy sees what purpose it serves.

  • @kenhoganson9481
    @kenhoganson94812 жыл бұрын

    Brilliant! Many thanks!

  • @WakeMeWhenItsOver
    @WakeMeWhenItsOver2 жыл бұрын

    Hey TIK! If we assume you produce content at the same rate until you retire, how many decades of WWII historian energy do you think you have in you? I ask in the vein of being curious as to how a person dives into the same period of history for many years without becoming fatigued. I personally find it amazing and inspiring that you can pursue a single topic (more like category - there are many topics within the War in its entirety) for such a long time and maintain deep interest and inspiration in terms of ideas for new content. Are there any other events in history that you think you could delve similarly deep into? Do you see TIK being a WWII+ channel for the span of your career? My apologies if this comes off as rude as that is not my intention.

  • @shaul76239
    @shaul762392 жыл бұрын

    Love your intelligent , objective, educated analysis TIK. Danke.

  • @901Sherman
    @901Sherman2 жыл бұрын

    Great work as always, TIK! BTW, a certain chap on Quora wrote an article on you that was....quite interesting, to say the least. Curious to see your opinions on it. Best of luck with the next Battlestorm episode(;

  • @SvPVids
    @SvPVids2 жыл бұрын

    Tik you have the best informative channel on YT about WWII. Can I recommend hiring an animator to make simple history-style animations but focused on WWII to go with you're in depth analysis to help viewers understand better. Your channel would explode.

  • @soviettankmen
    @soviettankmen2 жыл бұрын

    TIK I hope you will cover more topics in interwar period especially in politics and economy, because it's very interesting and i never learn about it in my school (since, maybe, our country wasn't directly affected). Sure your videos about military history in WW2 is one of the best in youtube, but I hope you will cover more this. I also hope that you will cover the situation in post-war period. But don't forget to rest and be healthy. Thanks for your great videos

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    You'll be happy to know that I'm working on a big video or series (not sure which yet) on a major inter-war event... Still a while away from finishing the research on it yet, but it'll happen at some point

  • @ww2.militaria
    @ww2.militaria2 жыл бұрын

    Very interesting video 👍

  • @AnthonyEvelyn
    @AnthonyEvelyn2 жыл бұрын

    Yesss! A Professor Sir TIK lecture!

  • @iattacku2773
    @iattacku27732 жыл бұрын

    Your Hitler impersonation while reading his quotes always cracks me up.

  • @Aguijon1982
    @Aguijon19822 жыл бұрын

    You forgot the real reason why Hitler fired Schacht. He didn't like his paintings.

  • @71kimg

    @71kimg

    2 жыл бұрын

    Well he did paint a grimm future

  • @jakublulek3261

    @jakublulek3261

    2 жыл бұрын

    I am curious if Hitler continued his painting even when in power. Berchtesgaden has some phenomenal scenery, no wonder he loved it over there.

  • @sakabula1285

    @sakabula1285

    2 жыл бұрын

    @@jakublulek3261 Thats an interesting question...I doubt if he would have had time..painting is so time consuming especially water painting that Hitler favoured..

  • @grizla1895
    @grizla18952 жыл бұрын

    interesting topic. Thanks, TIK

  • @konstantinatanassov4353
    @konstantinatanassov43532 жыл бұрын

    I love pre-WW2 Industrial Analytics of the Weimar Republic / Third Reich! TIK, if possible, please share a few words on the "MeFo - Wechsel", as it is related and interesting! Thank you for your well done contents!

  • @wertywerrtyson5529
    @wertywerrtyson55292 жыл бұрын

    Thank you for one of the most interesting videos on KZread. I think you need to understand the economics of Nazi Germany before you can understand the war since it is so intertwined. I know if no other KZreadr who goes into the economics of WWII like you. I know some people say stick to tanks but if you try to understand WWII by looking at tank battles I'd argue you have no intention of understanding it at all.

  • @draug7966
    @draug79662 жыл бұрын

    This is the only channel so far that makes me feel like reading some books about economy.

  • @LawrenceTimme
    @LawrenceTimme2 жыл бұрын

    Schacht seems like he wasn't too bad compared to modern economists.

  • @strategicgamingwithaacorns2874
    @strategicgamingwithaacorns28742 жыл бұрын

    Since we are talking about logistics in this video, I can't help but ask a couple questions: In most City-States of Classical Greece, the Hoplites were middle-class heavy infantry who bought and paid for their own arms and armor. Roman Legionaries prior to the Marian Reforms (~100BC) were also Citizen-Soldiers who bought and paid for their own equipment. However, with the rise of Macedon and the Marian Reforms, both Greece and Rome made their respective transitions from privately-funded Citizen-Soldiers to full-time professionals funded and equipped by the State. How did private funding vs public funding affect warfare in Classical Antiquity? In the Middle Ages, with the breakdown of centralized authority in western Europe, the paradigm of warfare shifted to a military elite of landed warrior-aristocrats, supported by a shield-wall of levied infantry. The Nobility both paid for and personally led military expeditions, and manpower was provided by contractual obligations of vassals for their liege lords. How did the semi-privatized logistics of medieval warfare affect the armies of the Middle Ages?

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    "Since we are talking about logistics in this video" We are? And I'm not an expert on ancient or medieval warfare, unfortunately. I will note that the Roman Republic expanded, whereas the Empire didn't do so as much, then the Empire split in two, with the west having a massive military and social budget which forced them to dilute their gold based money into fiat currency, causing them to suffer from inflation, which then destroyed their economy and helped speed up their collapse.

  • @strategicgamingwithaacorns2874

    @strategicgamingwithaacorns2874

    2 жыл бұрын

    @@TheImperatorKnight "we are?" Economics = Logistics.

  • @matthiuskoenig3378

    @matthiuskoenig3378

    2 жыл бұрын

    @@strategicgamingwithaacorns2874 common misconception: warfare in the middle ages were not nobility supported by levied infantry as the paradigm. while levy systems existed, the norm was to rely solely on professionals and semi-professionals that made up retinues and mercenaries (although the connotations have shifted today, mercenaries in medieval times were often locally recruited). levies were only used when retinues were not sufficient and there wasn't enough money (or willing volunteers) to use short-term contract soldiers. its hard to compare the middle ages to other periods in terms of logistics because they relied so much more on poliorcetics, that is fortifications and siege warfare. and Fabian tactics were also far more popular (thanks to De re militari). we do know that at least in terms of food supply the decentralized system was superior for mobility (as shown later by Napoleon), and the fact spare parts wasn't an issue means the lack of centralized arms and armor was irrelevant, or even an advantage [armour was more common and more extensive for most of the medieval period than earlier or later, although arguably this is more technological than economic], also later on the decentralized dutch military system of the renaissance also proved superior in siege warfare to the centralized Spanish one. it is important to note the eastern roman empire switched voluntarily to a (then) more western-style (decentralized) military system which is credited as saveing the empire from the arabs aswell as their defeat of the Bulgarians (and other slavs). Byzantine sources describe it as more efficient in terms of resources including but not limited to manpower (and modern historians tend to agree) another thing of note, it took 200 years of near-continuous warfare to kick the crusaders out of 'the holy land', despite their recruitment pool and origin of their supply chain being on the other side of the Mediterranean sea (and said sea being full of anti-crusader pirates and raiders) and being heavily outnumbered. many historians consider this to be a clear example of the strength of the system.

  • @_Abjuranax_

    @_Abjuranax_

    2 жыл бұрын

    The film "Maximillian" dramatizes much of the economic realities of Medieval Warfare, as Mary I of Burgundy needed to marry him, in order to fend off the advances of the French, after the death of her father Charles the Bold in battle.

  • @alanpennie8013

    @alanpennie8013

    2 жыл бұрын

    @@TheImperatorKnight Oh dear. You need to read more Roman monetaryl history. But basically goes like this. Silver coinage until mid - 3rd century. Partial demonetization under Diocletian (the military annona) Partial remonetization under Constantine (the gold solidus). Full remonetization under Anastasius (late 5th century, bronze coinage). This is highly over simplified but will do as a rule of thumb. Based on Michael Grant, The Climax of Rome, chapter 3.

  • @auo2365
    @auo23652 жыл бұрын

    Short but informative.

  • @uraggro-shub1016
    @uraggro-shub10162 жыл бұрын

    Tik please can you make your videos available for 144p? Things are really hard for us in Nigeria . Love your videos are very enlightening

  • @jokubas3391
    @jokubas33912 жыл бұрын

    yesss!! Been waiting for a video on Schacht. In the debate whether Hitler was a socialist, the argument that Hitler was a capitalist because he appointed a 'very' capitalist economist was the one argument from socialists that i couldn't answer.

  • @fakeplaystore7991

    @fakeplaystore7991

    2 жыл бұрын

    That's not very unusual for socialists to do before they're ready for the final (and total) power grab.

  • @geoffreygardiner9564

    @geoffreygardiner9564

    2 жыл бұрын

    Schacht made sure the money was available for state expenditure. What could be more socialist than that? Hitler was criticised for not nationalising but he seems to have realised that industry is best run by those who know it well, not civil servants. The British post-war government, in some ways more Nazi than Hitler, made the mistake of nationalising. One result was that the Coal Board was run from Hobart House in Belgravia, a long way from a coalmine. I had an interview with the staff manager. We discussed the plays of Euripides. See Corelli Barnett's book, 'The Lost victory.' Hitler was not only a socialist but a uniquely successful one. Remember he made health care free, in 1943!

  • @jamesdunning5108
    @jamesdunning51082 жыл бұрын

    Who else misses Halder already?

  • @jackobrien47

    @jackobrien47

    2 жыл бұрын

    Guess we found Halder's alt account

  • @jackd1582

    @jackd1582

    2 жыл бұрын

    @@jackobrien47 ya

  • @billbolton
    @billbolton2 жыл бұрын

    Thanks, I will now read about Schacht. Curiously I left a bookmark at the very page in one of my books.

  • @rossinnz
    @rossinnz2 жыл бұрын

    Brilliant!!

  • @NJP9036
    @NJP90362 жыл бұрын

    Awesome how you make the voices for Schackt and Hitler. Cool video. Can I get college credit?

  • @mjul84
    @mjul842 жыл бұрын

    As a Pole I was always told, though not in school, that Germany was on the brink of economic collapse and only the War saved them.

  • @samsonsoturian6013

    @samsonsoturian6013

    2 жыл бұрын

    It's why they're called the vampire state. The army they built bankrupted the economy and was instead funded by robbing neighbor states and Jews. As effective as the strategy is of making war pay for itself, it only works with an endless string of EASY victories, which is impossible.

  • @deathbutt4496

    @deathbutt4496

    2 жыл бұрын

    @@samsonsoturian6013 he got very close tho

  • @CD-vg4hl
    @CD-vg4hl Жыл бұрын

    Hitler: PRINT MONEY! Also Hitler: 13:13

  • @mikhailbabushkinum
    @mikhailbabushkinum Жыл бұрын

    Hjalmar schaht is undeniably one of the biggest economists in the past century

  • @yukikaze3436
    @yukikaze34362 жыл бұрын

    Lewis you might want to look at the dealing of the Bank of International Settlement in WW II

  • @Cruiserczcz
    @Cruiserczcz2 жыл бұрын

    Welcome in the world of higher FPS TIK. Love it :)

  • @kaiserreich2980
    @kaiserreich29802 жыл бұрын

    Good work TIK

  • @Baamthe25th
    @Baamthe25th2 жыл бұрын

    That's a pretty cool map behind you

  • @hattyfarbuckle
    @hattyfarbuckle2 жыл бұрын

    No notification again but I checked and the upload was 15mins ago... damn YouT***

  • @butterfingers3424
    @butterfingers34242 жыл бұрын

    My interest is in what happened to Gottfried Feder, why did Hitler push him to one side along with his radical economic ideas and instead favour the laissez-faire and central banker, Schact?!

  • @ghostlypresents7922
    @ghostlypresents79222 жыл бұрын

    For a while I didnt believe you knew what you were talking about about. But these videos are getting better and better. Real research.

  • @michaelconnors7668
    @michaelconnors76682 жыл бұрын

    After Schacht was dismissed from the Reichbank in 1939, he remained in the government as Minister Without Portfolio until 1943. See Schacht My First Seventy Years, p. 415. Schacht was tried for war crimes at Nurnberg, and was ably defended by Rudolf Dix, and won acquittal. There was a pre-Bundesrepublic denazification trial where Schacht was sentenced to hard labor, but he won his appeal in 1948. See Schacht, My First Seventy Years, pp.502-513.

  • @billmmckelvie5188
    @billmmckelvie51882 жыл бұрын

    Thanks TIK for an excellent video on Mr Schacht and his 'attempt' to stabilise the pre War German economy.

  • @shogomakishima7224
    @shogomakishima72242 жыл бұрын

    "... he certainly wanted to keep the economy mostly private, saying "The sate should not run business itself and take responsibility away from private enterprises". By 'private enterprise', he meant corporations which now dominated the economy between 1933 and 1936, themselves coming ever more under control of the State - a process that ..." So I just noticed that you called corporations 'mostly private' and them 'coming ever more under control of the State' as not keeping them ' mostly private'. May I point out that it stands in oposition to your previously expressed views on corporations not being privately owned entities. What is more, Schacht reasoning and the whole situation doesn't really make sense if we assume that corpos aren't private. Why would a classical liberal care if they are state controlled or not if they aren't privately owned from the definition?

  • @alanpennie8013

    @alanpennie8013

    2 жыл бұрын

    It's a interesting question. I think the answer is the German industrial capitalism was exceptionally organised (kartellized) from its inception. You have to remember that Germany was economically unified before it was politically unified so that German industrialists saw themselves as national leaders. Which may help to explain why Schacht despite being a liberal banker, was prepared to accept a much more controlled economy than a British or American banker would have.

  • @murrayterry834

    @murrayterry834

    2 жыл бұрын

    this is what is happening in the us tech oligarchs controlling govt and subverting justice.

  • @rozzy3528
    @rozzy35282 жыл бұрын

    Excellent video as always, I was actually just thinking about the banking policies of the Nazis.

  • @mohammedsaysrashid3587
    @mohammedsaysrashid35872 жыл бұрын

    Too nice video.....from trusted historical channel . Researching for finding Answers for Old questions about Veil status of Nazism economy( width corruption systems interfered & activated for useful & benefit of Nazism leaders upper hands ) but several new questions appears which needing more researching ....thanks for share

  • @IL2TXGunslinger
    @IL2TXGunslinger2 жыл бұрын

    There are certain extreme and completely preposterous positions that frankly are not worth arguing - i.e those you take on in the last 5 minutes of the video. You have to ask yourself TIK, if presenting logical arguments to a fool is worth the effort. Will it change their minds? Of course not. I’m reminded of Schlact’s planting corn analogy when I think of this. I believe that 90% or more of your KZread audience sincerely enjoys and appreciates your content. Maybe you might consider addressing mainly reasonable counterpoints - versus the more fantastic, devoid of reality ones. This was a great well researched, well presented video and underpins the economic basis of the start of WW2 by Germany that you’ve made before. To me Schlact failed to muster enough imagination to realize the road Hitler was actually driving down. Even in his last memo - his economic lecture to Hitler - he seems to have no grasp that the war was what Hitler wanted.

  • @jimmyteerex2177
    @jimmyteerex217712 күн бұрын

    "No central bank is capable of maintaining the currency against an inflationist spending policy on the part of the state".

  • @jasonisbored6679
    @jasonisbored66792 жыл бұрын

    Yoooo TIK likes Texas! interesting and informative video as always!

  • @robertmaybeth3434
    @robertmaybeth34342 жыл бұрын

    Mr TIK you have excellent sources, know the material well, and good narration style. I wish you'd go straight to the meat of the subject in question, a bit quicker is all I want to say. Your vids are good but could be better. some of it starts to get a touch uninteresting after a minute, I think you need some more video clips, still images, and details about weapons and people, and the battles to flesh it out.

  • @swiftspooner66
    @swiftspooner662 жыл бұрын

    I think the song lyrics " there ain't no rest for the wicked, money don't grow on trees" is very applicable hear lol

  • @richardjansen3317
    @richardjansen3317 Жыл бұрын

    It’s all about the BIS bank

  • @brucealbert4686
    @brucealbert46862 жыл бұрын

    Thanks

  • @sven5415
    @sven54152 жыл бұрын

    2:47 Tik, can you please add the year of this quote from Schacht? It would greatly contribute to the understanding of the inner conflict Schacht was experiencing.

  • @jeffbrinkerhoff5121
    @jeffbrinkerhoff51212 жыл бұрын

    Great work. Hjalmar Horace Greely Schacht.

  • @andygeary3531
    @andygeary35312 жыл бұрын

    Hey buddy, quick question in case you know the answer. Can TOW guided missiles miss or be evaded?

  • @overrated88

    @overrated88

    2 жыл бұрын

    Why are you asking?

  • @andygeary3531

    @andygeary3531

    2 жыл бұрын

    @@overrated88 because I don't want to miss 😂

  • @overrated88

    @overrated88

    2 жыл бұрын

    Yup that's a pretty good reason, gotta give it to ya

  • @maxpower9979
    @maxpower99792 жыл бұрын

    It seems that the last Ahamed quote forgot to mention where the resettlement happened. At least, you mentioned it indirectly later.

  • @thefrenchareharlequins2743
    @thefrenchareharlequins27432 жыл бұрын

    15:01 You do too much for our sake.

  • @TG-hw7xu
    @TG-hw7xu2 жыл бұрын

    There's something wrong with me. When the notification popped up, I read it "Why did Hitler hire and fire Snapchat". Please help. Great video though, even if it wasn't about Hitler hating social media.

  • @aerialmacaroon6312

    @aerialmacaroon6312

    2 жыл бұрын

    I think he would hate social media considering how insane they can be at times

  • @lowtierwaifu3881
    @lowtierwaifu38812 жыл бұрын

    Completely unrelated to the video but TIK, it seems you've been noticed by Razorfist and the Lotus Eaters. Both have recommended your Funny Moustache Man's Socialism video.

  • @TheImperatorKnight

    @TheImperatorKnight

    2 жыл бұрын

    I know that Rageaholic had heard of the video, but I didn't know the Lotus Eaters had looked into it too. What have they said about it?

  • @lowtierwaifu3881

    @lowtierwaifu3881

    2 жыл бұрын

    @@TheImperatorKnight Callum has mentioned it a few times, using it to explain that socialists are essentially the same regarding authoritarianism and state intervention in the economy along with recommending your channel. As far as I'm aware, Carl hasn't watched it though but Callum has recommended you twice to him so you definitely have his approval.

  • @boll0cks45

    @boll0cks45

    2 жыл бұрын

    Konstantin Kisen Triggernometry mentioned TIK too

  • @imperialisticvonhabsburg3149
    @imperialisticvonhabsburg31492 жыл бұрын

    11:30 Mandatory "haha money printer go brrrrr"

  • @varovaro1967
    @varovaro19672 жыл бұрын

    Six consonants and one vowel .... he had to be fired.

  • @QuizmasterLaw

    @QuizmasterLaw

    2 жыл бұрын

    although in some languages Vokal means Vowel -- English isn't one of them. I don't care about spelling grammar or style but most non-native speakers want to improve, so there you go.

  • @samsonsoturian6013

    @samsonsoturian6013

    2 жыл бұрын

    Perhaps he should have been sent to Reykjavík or some other place with incompatible consonants. /s

  • @QuizmasterLaw

    @QuizmasterLaw

    2 жыл бұрын

    @@samsonsoturian6013 typical vowel dropper we both know Exactly what i mean by that!

  • @varovaro1967

    @varovaro1967

    2 жыл бұрын

    @@QuizmasterLaw correct

  • @QuizmasterLaw

    @QuizmasterLaw

    2 жыл бұрын

    alphabets are so lame

  • @Torgo1001
    @Torgo10012 жыл бұрын

    11:16 The Third Reich's "money printer go brrr" moment.

  • @canibezeroun1988
    @canibezeroun19882 жыл бұрын

    It's sad when you demand the sudetendland and he can no longer be your political advisor.