Germany, 1923: Hyperinflation destroys the economy. Then, 1929: The Great Depression strikes. By 1933, six million Germans are unemployed and the nation is bankrupt. Yet just six years later, Germany invades Poland with the most powerful military in Europe.
How did a twice-destroyed economy fund the largest rearmament program in history?
The answer: A fake company, a financial wizard named Hjalmar Schacht, and what was essentially a national-scale Ponzi scheme called MEFO Bills.
Credit to : The Dictator Lab
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