Ajidica
High Quality Person
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- Nov 29, 2006
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I have Tooze's book right in front of me. For the period 1924-1935 Germany was one of the poorest developed states. Taking US per capita income as 100, Germany was dead on the nose at 50.* They were wealthier than Belgium and Italy (47 and 24 respectively), but were poorer on a per-capita basis than Canada, the UK, Switzerland, New Zealand, Australia, the Netherlands, France, and Denmark (91, 88, 88, 86, 74, 62, 56, and 53). Contemporary economists ranked German standard of living at half that of America and a third that of the UK. The German economy may have been slightly larger than the UKs* (the data is unclear), but lagged far behind in terms of per capita wealth due to its large and undeveloped agricultural workforce.You can shrug but its overstatement. In 1900s Germany competed UK in largest european economy. And comparing preww2 economy of Germany to SSSR is like comparing todays US to Turkey - German was better in every aspect, in gdp per capita estimations about twice.
If we are talking about total national income, it is important to remember that the UK consisted of more than a dreary damp island with bad food- it was the centerpiece of an empire that controlled 1/5 of the worlds population and 1/4 of its landmass. (Plus it had significant financial influence just about everywhere else.) That was a level of economic might that Germany could never hope to match - especially as Nazi rearmament saw Germany lurching from economic crisis to economic crisis that was barely papered over by their finance minister who was referred to by his contemporaries as "the dark sorcerer of international banking".
In comparison to the Soviet Union for total national income (where USA = 100), the UK was 33, Germany was 27, and the Soviet Union was 22. For the Soviet Union national income, it is worth remembering that the Russian Civil War only ended in 1922 and the time period includes the Soviet famine which would see their national income depressed.
*Obviously all of this carries the caveat that statistics for this time period are not always accurate.