GERMANY: Raffendes, Schaffendes

Last week Adolf Hitler lost an old and helpful friend.

In 1919 feverish, ambitious young Adolf Hitler heard a lecture by a disgruntled young construction engineer named Gottfried Feder. Feder, a native of Würzburg, boiled down Germany's economic troubles to too much raffendes Kapital ("international, Jewish, exploitive"), too little schaffendes Kapital ("national, purely German, creative"). Later Hitler wrote in Mein Kampf: "When I heard Feder . . . the idea instantly flashed through my head that I had now found my way to one of the prime essentials for the foundation of a new party."

Gottfried Feder marched with Hitler in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!