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The Myth of the Nazi War Machine | Notes On Liberty

1.Economy: The territories under Nazi control after the Fall of France were basically the European Union after Brexit plus Japan and (from the Maddison dataset) they had approximately 80% of the combined pre-war GDP of the Allies (US+UK+USSR+Canada+Australia+Brazil). Also, physical indicators such a railway freight, coal production, sulfuric acid production, suggest that Axis block had approximately 80% of the industrial output of the Allied block (for example, railway freight in Continental Europe + Japan was 1.4 billion tons in 1938, compared to 1.8 billion tons in the US+UK+USSR+Canada+Brazil+Australia).