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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Scott Bergquist who wrote (5220)6/24/2001 2:12:15 PM
From: Ilaine  Read Replies (3) of 74559
 
Hitler is on topic - obliquely - because it was the last financial collapse that caused the social unrest that led to Hitler - massive unemployment, businesses shutting down, banks closing. The German people were financially desperate, and unable to form a coalition government. Hitler was a compromise - he promised to get businesses going again and full employment. The conservatives couldn't get enough votes for a conservative candidate, and they were afraid of the alternative, that the country would swing to the left. They thought they could control Hitler, so they supported him. Big mistake.

I could go into more detail about how global "beggar-thy-neighbor" foreign policy and exchange rate policies were involved, but most people aren't really interested in how the last financial collapse actually happened.

I think it's instructive to learn what actually happened, so we can avoid making the same mistakes.

But that's just me.
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