From their ideology derives the different approach they had in the economic field. It has to be said though that both Nazism and Stalinism were born from an economic crisis due to the World War I and the crisis of the 1929. For this reason the leaders had different consents from the citizens of each state because they thought they were saving them from that crisis. Germany took measures pretty much similar to the New Deal introduced by Roosevelt in the United States; Hitler helped couples, where the woman left her job in order to be the housekeeper, by giving them some loans. Nazism’s economic politic basically protected private proprieties and corporation, tuteling their rights and supporting them in case of crisis. Moreover, Hitler helped the economy of Germany growing by investing in military industries and local organization like Volkswagen and Porsche.
By contrast the Soviet economy under Stalin was viewed as a system where all private profit had been eliminated, state ownership introduced in place of private enterprise and private property and every element of economic life directed solely by the agencies of state planning. National Socialist economists condemned the Marxist planned economy as a system ‘which requires the nationalization of all means of production’ and ‘stifles all independent existence’.9 Post-war descriptions of Stalin’s economy have been highly critical of the exag- gerated claims made for the success of economic planning, but have not doubted the fact that collective ownership, state planning and state control were the characteristic features of the Soviet experiment. (Overy 395).
the National Socialist view of the economy is not easily defined as capitalist, any more than the Soviet system under Stalin can be described as an example of unalloyed socialism. The most obvious distinction between the two economies was the product of the very different circumstances of their economic development. The German economy grew in the forty years before the First World War into the world’s second largest industrial power, and the world’s second largest trader. Industrial development relied on a highly skilled workforce, the application of science to practical production, and a buoyant world market. The state played a part in supplying protection where it was needed, and assisted the development of infrastructure services, but the economy was dominated by privately owned businesses that regulated their affairs through large trusts and cartels. (396).
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