The National Socialists and the Economic Crisis of the Great Depression

Hitler knew little about economics and cared even less. But with shacht on his side, it became much easier to portray the national socialists as the one party capable of rescuing the fatherland from the travails of the great depression. In the 19 31 state elections, the n s d a p continued to rack up impressive gains,. proving that the result in the 19 30 federal election was no fluke. The collapse of credit anstalt in vienna triggered a chain action of bank failures across central europe. German banks shut their doors. An emergency government decree forced germans to surrender their holdings of foreign currency. Even the social democrats felt they had no choice but to continue