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Essay On Hitler Gold

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The Nazi gold amassed to be the greatest theft in world history. During World War II, the German Nazi party had one very important economic dimension to the bolstering of Hitler’s war efforts and the shaping of autarky, the procurement of gold. The substantially increased spending for rearmament and Germany's level of debt would burden Germany with disastrous economic consequences to the point that the Nazis now had to systematically steal gold from invaded countries and annihilated Jews for the financing of the Nazi army's war conquest. Thus, these methods of attaining of gold became essential to the Third Reich’s seizure of power and driving Germany into an independent nation.
The autarky program was designed so that Germany would never again be dependent upon another nation for indispensable products, most importantly war materials essential in rearmament. Even with the production of synthetic fuel, Germany was still required to outsource materials from more plentiful countries which would not accept the German currency but rather gold as payment. This requirement led Hitler into an aggressive conquest spree. National banks of countries occupied by the Nazi regime became the targets for exploiting resources with economic potential for obtaining gold from the treasuries of these occupied nations, “Using a pre-1939 monetary value, the Nazis seized approximately $625,000,000 in gold from the central …show more content…
Hitler’s Gold: The Story of Nazi War Loot. Bloomsbury Academic; 1st edition, (1989). Print. Smith examines Nazi Germany’s utilization of every available resource to fight the Second World War. Hitler’s Gold is an account of how assets looted from Holocaust victims, and from the treasuries of occupied nations served as Hitler’s significant economic arsenal during the war. Smith has unearthed the economic struggle of Nazi Germany to finance the war, focusing on gold – especially gold looted from central banks of Nazi occupied European

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