The German people became hostile because the policies made them believe that the countries around them were foes that they needed to be armed. (Weser and Marx) It also created arrogance amongst the German people and the propaganda that spread was extreme
The German people became hostile because the policies made them believe that the countries around them were foes that they needed to be armed. (Weser and Marx) It also created arrogance amongst the German people and the propaganda that spread was extreme
They, in turn, invested their excess liquidity in government bonds, treasury bills, or inter-industry loans rather than bank deposits. Insurance companies circumvented this banking system and negotiated credits directly with industrial investors (Btzkes and Krebs, 1942)