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Against the mainstream: Nazi privatization in 1930s Germany 1
Author(s) -
BEL GERMÀ
Publication year - 2010
Publication title -
the economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.014
H-Index - 49
eISSN - 1468-0289
pISSN - 0013-0117
DOI - 10.1111/j.1468-0289.2009.00473.x
Subject(s) - mainstream , nazism , politics , state (computer science) , nazi germany , government (linguistics) , private sector , economic policy , political science , political economy , economics , market economy , business , economic growth , law , linguistics , philosophy , algorithm , computer science
Nationalization was particularly important in the early 1930s in Germany. The state took over a large industrial concern, large commercial banks, and other minor firms. In the mid‐1930s, the Nazi regime transferred public ownership to the private sector. In doing so, they went against the mainstream trends in western capitalistic countries, none of which systematically reprivatized firms during the 1930s. Privatization was used as a political tool to enhance support for the government and for the Nazi Party. In addition, growing financial restrictions because of the cost of the rearmament programme provided additional motivations for privatization.