Richard Overy: Industrialization

Richard Overy is British historian. Explore interesting quotes on industrialization.

Richard Overy: 28 quotes0 likes

“The outcome [of the Nazi economy] was a command economy, governed by military priorities, but run by a coalition of state officials, soldiers, party hacks and industrial technocrats.”

Source: War and Economy in the Third Reich (1994), p. 17

“Industry was regarded entirely instrumentally by party, state and military, in terms of its ability to provide the sinews of war… The business community was characterized by a defensive opportunism in the face of state power.”

Source: War and Economy in the Third Reich (1994), p. 17

“Göring industrial empire represented, in this sense, one of the major steps towards restricting private industrial capitalism and substituting a ‘völkisch’, state-run industrial economy.”

Source: War and Economy in the Third Reich (1994), p. 146

“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

Source: War and Economy in the Third Reich (1994), p. 16