Neutral Europe and Nazi Germany

What Were the Main Economic Contributions of Neutral Europe to Nazi Germany during World War II?

History - The Age of Imperialism
Elizabeth Tennis
April 16, 2012


"A neutral Power is not called upon to prevent the export or
transport, on behalf of one or other of the belligerents, of arms,
munitions of war, or, in general, of anything which can be use
to an army or fleet." - Article 7. Hague Convention V. 1907. ii

With regards to the economic aspects of World War II, the international laws of neutrality, within The Hague Convention of 1907, proved inadequate in defining concrete parameters for ...

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European countries was fairly modest, each country made at least one vital contribution to the German war economy. This essay examines the various ways in which Switzerland, Sweden, Turkey, Spain and Portugal provided Germany with economical aid during the Second World War.
The first neutral state under examination is Switzerland. Throughout the war it provided three main economic and financial services to The Third Reich, including the provision of credit facilities, the supply of vital goods and most importantly, the receipt of large quantities of gold. iii
Beginning in the early stages of the war, Switzerland granted Nazi Germany bilateral clearing credits with which German buyers were able to purchase goods that were strategically beneficial to the war effort. By the end of the conflict the credits amounted in total to about SFr 1,119 billion. vi Switzerland also agreed to handle a portion of its clearing obligations by paying with Swiss francs. This provided the Third ...

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by Switzerland are valued at around SFr 1.7 billion. iii The money exchanged for these shipments allowed the Nazi regime to pay for vital war supplies in both neutral and allied countries. The gold transactions were indispensable not only in acquiring raw war materials but also in paying for "its foreign intelligence service, its worldwide use of agents, for the purchase of radio programs and press notices, for financing overseas operations of the Kriegsmarine and much more." (iii, Page 29)
In June of 1943, the minister of economics and president of Reichbank, Walther Funk, commented that Germany's war efforts would not be able to survive for even two months without Swiss help in ...

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PAPER DETAILS
Added: 4/29/2012 01:29:32 PM
Submitted By: emmaparks
Category: World History
Type: Premium Paper
Words: 2315
Pages: 9

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