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The Nazis used pro-labor rhetoric, demanding limitations on profits and the abolition of rents. They actively limited competition and private ownership, under the guise of promoting the general welfare. Hitler expanded credit, subsidized farmers, suspended the gold standard, instituted government jobs programs, mandated unemployment insurance, decreed rent control, imposed high tariffs to protect German industry from foreign competition, nationalized education, enacted strict wage and price controls, borrowed heavily and eventually ran huge deficits almost to the point of financial collapse. Eventually, both Germany and Italy turned into vast welfare-warfare nations. (en) |
