to engage in multiple transactions to do so. In September 1947 U.S. military experts estimated that one-third to one-half of all business transactions in the bizonal area (the U.S. and British zones) were in the form of "compensation trade."
Hitler appointed Hjalmar Schact as his minister of Economics, President of the Reichsbank, and Plenipotentiary of the War Economy. Schact was given the task of remaining a nation as large as Germany without excessive taxation or hardship on the economy. He succeeded in the challenge with numerous resourceful measures. One method was the cr
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