"As a result of experiences during four months of war . . . Marshal Goring is taking over the direct management of war economy through the Economic General Staff. . . . The Ministries, with their respective Cabinet Ministers, are being reduced to purely routine administrative functions. ... A more substantial war loan is expected to be floated soon, presumably next month. . . . The attempt at the start of the war to introduce a deflationary policy by lowering wages and prices and extending working hours met such resistance in practice...
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