• agarorn@feddit.de
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    1 year ago

    It’s a myth that the hyperinflation was the reason for hitlers rise. The hyperinflation occurred in 1923. Hitler tried a coup in November 1923, failed miserably, was thrown into prison and the party was banned for a while. In 1928 they had 2,6% in the election.

    https://de.wikipedia.org/wiki/Reichstagswahl_1928?wprov=sfla1

    Only during Brünings deflation politics the nsdap gained momentum. The vote 1930 gave them 18,3% and in 1932 37,3%. Now compare that to the deflation graph of the other Wikipedia link I gave last comment.

    • dx1@lemmy.world
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      1 year ago

      Well, simply attributing it to either side of inflation/deflation is overly simplistic. The simple way of putting it is that people were unhappy in Germany and Hitler was able to capitalize on it in a political campaign against a supposed cause. The German economy in general was on shaky ground following WWI but this was alleviated partially by the Dawes/Young plans, right up until the Great Depression actually started affecting that foreign aid and the economy took another major hit, at which point the Nazis were able to use this as evidence of a “failure in leadership” from the current government, getting Hitler appointed as chancellor, then Reichstag fire started & he seized power.