How the Nazis created an economic miracle

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Advertising sponsor: Get access to global coverage at an exclusive 35% discount at https://economist.com/moneymacro Further reading mention in the video: Archive 1945: https://www.economist.com/interactive/archive-1945 If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/industrial-policy-masterclass LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/2025-09-25-nazi-economic-miracle/ Timestamps: 00:00 Intro 01:47 The economic miracle that killed millions 09:53 how did Schacht stop German hyperinflation? 15:02 Hitler and Schacht 19:23 The Neuer plan 20:59 Schacht’s plan 31:48 The fall of Schacht 37:47 Conclusion + Sponsor Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort Edited by: Hugo @IntoEurope 3D animations by: Guillaume Bouché https://bobjackson.artstation.com