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" "By 1939 the national debt had reached 37.4 billion marks. The reemployment of millions of jobless and the rearmament of German military forces had been financed by borrowing gigantic sums of money. Even Goebbels, who otherwise mocked the government’s financial experts as narrow-minded misers, expressed concern in his diary about the exploding deficit.
Götz Haydar Aly, (born 3 May 1947) is a German journalist, historian and political scientist.
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[A]1942 levy required property owners to pay ten years of the tax in advanced in a single lump sum. Because property owners were prohibited from raising rents, they alone bore the burden. In addition, the Reich appropriated other revenues that had previously belonged to local authorities.All told the state collected the considerable sum of 8.1 billion reichsmarks (in today’s currency the equivalent of around 100 billion dollars) in additional revenues in 1942-43. The financial newspaper Bankwirtschaft hailed the windfall as ‘a satisfactory result in terms of both limiting consumer spending power and improving the state budget.
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