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← How Hitler Funded Rearmament
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Question
What was the primary purpose of the Mefo bill mechanism devised by Hjalmar Schacht?
1
To create a domestic bond market that could attract foreign investment into German industry
2
To provide a currency substitute that would prevent a repeat of the Weimar hyperinflation
3
To finance rearmament through off-balance-sheet government obligations, concealing the scale of military spending from foreign creditors and Versailles treaty monitors
4
To channel private industrial profits into government-controlled investment funds
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