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After reading up a bit on Germany's economic 'miracle' in the 1930s, I quickly found out its shaky foundations. A heavy reliance on financial I.O.U.s fed much of the military build-up under Hitler and during WW2 and the aftermath, circumstance overshadowed it.

Let's say WW2 doesn't happen (Hitler is humiliated over the Rhineland or a united Stresa Front stops his expansion in Austria and the Sudetenland, or he's overthrown by the Generals), what effect would it have on the economy? Would Germany suffer a crisis due to the fragile nature of its coffers or would this Keynsian-for-Dummies system feed itself into real strength in a peaceful 1940s?

I ask this as a ballpark question, I lack any true economic knowledge and it merely strikes me as a very sketchy system in the long-run, or am I wrong?
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