GERMANY: Paper Figures & Fact

Jubilantly the Nazi press announced last week that Germany's July export figures set a new high for the Hitler regime—530,000,000 marks ($213,219,000), 10% better than last month, 34% better than July 1936. Nearly all exports were finished goods—iron products, machines, chemicals, textiles, automobiles. Imports last month amounted to 499,700,000 marks ($201,029,310), nearly equal to the record high of the preceding month. Germany thus showed an export balance of 30,300,000 marks ($12,189,690).

These paper figures were no index of the true state of Germany's trade troubles. Faced with the cost of providing Germany with a million fully-equipped troops, faced with the expense...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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