Fascism History

Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best and ruinous at worst. But they could not have been more wrong. With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status.

In August 1940, Berlin was hit by British bombers. Hitler immediately ordered a series of gigantic air defences be built - each one more expensive than the city’s entire Olympic facilities - but they’re ineffective and resources are wasted. The Führer also has an opportunity to force the British out of North Africa and gain control of the Middle East’s valuable oil. But he rejects his generals’ advice, just as he unnecessarily draws the United States into the war in Europe.

On 27th January 1944, Stalin declares that Leningrad has been liberated. After a siege lasting two and a half years, German forces retreat with the Red Army in hot pursuit. Encouraged by the victory, Soviet general Govorov decides to liberate Estonia, but in the battle of Narva, the Germans upset his plans, and the front comes to a temporary halt. Hitler's forces are feeling the pressure on all sides, however.

The Germans and their Japanese allies have gone from victory to victory since the start of the war, but in the autumn of 1942, that begins to change. On the small Pacific island of Guadalcanal, US forces drive back the Japanese to capture a key airfield. Meanwhile, on the Eastern Front, Hitler’s blitzkrieg slams to a halt at Stalingrad, stopped by the Russian winter and a Red Army determined to defend every street. As the war enters its fourth year, the conflict becomes ever more brutal.

With Europe overrun by Hitler’s thundering war machine, Churchill is the only head of state with the courage to stand up to the Führer. The British Prime Minister’s iron will makes him a role model in Great Britain and across the continent. Churchill and his V-sign become a symbol of resistance against Nazi Germany. In Germany in February 1942, armaments minister Albert Speer has the job of making sure that there’s a steady supply of prisoners of war to man the plants and factories -at the same time as the SS are on a killing spree.

Luftwaffe pilots fear one weapon more than any other: British Spitfires. Powerful Rolls Royce engines and an ingenious design make the plane fast and manoeuvrable. In 1940, Spitfires and their fearless pilots resist Hitler’s attempts to bomb Britain to submission. The fighter’s success forces Germany’s leaders to develop even more powerful weapons. London is targeted by V-1 and V-2 bombs, forerunners of the Saturn V moon rocket. Meanwhile, on the Eastern Front the supergun Schwerer Gustav fires shells at targets 47 kilometres away.

The battle is won, the enemy driven out, and everyone can breathe again. Many field generals thought this - but generals often make mistakes. Throughout World War II, specially trained soldiers made sure that the enemy never rested in peace. Command units struck anywhere and at any time: a German general was kidnapped in the middle of Crete, while commandos liberated Benito Mussolini from his prison on a mountain top. And British units blew up factories in a Norwegian town to deprive Germany of important raw materials.

German tanks rolled unimpeded across the Russian steppes at the start of Hitler’s campaign against the Soviet Union. But in 1943, the so-called Slavic "untermensch" (subhumans) gain the initiative and transform the country into a hell for Hitler’s invasion forces. Nearly 100,000 Germans are captured after the Battle of Stalingrad at the beginning of the year. Ahead lies cold, hunger and ill-treatment, and only five percent of prisoners will return to Germany after the war.

In 1933 Adolf Hitler seizes power after seducing the German people with lavish promises of restoring order, prosperity and the Greater German Reich to its former glories. He then goes to on exploit other Western European powers’ fear of confrontation to rearm the country in direct defiance of the restrictive terms of the Treaty of Versailles. Before his neighbours can react, Hitler has transformed Germany’s armed forces into the most modern war machine of the day. And Hitler is not alone.

The showdown should have been a brief affair, where the German Empire put its neighbours in their place. Encouraged by the spirit of adventure thousands of young men volunteered to defend the nation’s honour. On the other hand, in France, Britain and Russia optimism was just as high: the troops would be home by Christmas. But the reality was quite different. Soon the lines were locked in a deadly mud hell in the heart of Europe, and despite new weapons like poison gas, submarines, tanks and aircraft the war was protracted.