this post was submitted on 14 Jul 2026
113 points (100.0% liked)

History

24072 readers
73 users here now

Welcome to c/history! History is written by the posters.

c/history is a comm for discussion about history so feel free to talk and post about articles, books, videos, events or historical figures you find interesting

Please read the Hexbear Code of Conduct and remember...we're all comrades here.

Do not post reactionary or imperialist takes (criticism is fine, but don't pull nonsense from whatever chud author is out there).

When sharing historical facts, remember to provide credible souces or citations.

Historical Disinformation will be removed

founded 6 years ago
MODERATORS
 

https://web.archive.org/save/https%3A%2F%2Ftime.com%2Farchive%2F6820822%2Finternational-saturday-surprise%2F%20

So big today looms Adolf Hitler in the minds of Europe’s statesmen that Der Führer’s habit of always picking Saturday as the time suddenly to throw his weight about has caused the Continent’s major stock exchanges to remain closed every Saturday—just in case the No.1 Nazi should upset prices.

you are viewing a single comment's thread
view the rest of the comments
[–] EmmaGoldman@hexbear.net 62 points 1 day ago* (last edited 1 day ago) (5 children)

Wait, people didn't know this? This is the original reason why stock exchanges are closed on the weekends. The European exchanges stopped doing Saturday trading because of Hitler's stock manipulation, and then the US followed suit in 1952 when none of the European exchanges reopened Saturday trading after the war ended.

I think the reason Americans might not know how closely Trump has been following Hitler's playbook for the last decade is because they just don't know anything about the playbook.

[–] WokePalpatine@hexbear.net 36 points 1 day ago* (last edited 1 day ago) (1 children)

Yeah. He had the government pay him 50 million marks to use his picture on the postage stamps, made royalties from Mein Kampf which were state mandated to newlyweds and otherwise, had the government write off and exempt him from paying taxes, on top of getting industrialists to pay him about 100 million marks annually as direct tribute, basically.

Trump is so closely doing the same thing, especially with the direct cypto-donations to him by the rich lately.

[–] BoxedFenders@hexbear.net 28 points 1 day ago

Everyone was so focused on Hitler's grand ambitions of genocide that they overlooked his petty grifting.

[–] quarrk@hexbear.net 15 points 1 day ago* (last edited 1 day ago) (1 children)

I can’t find anything from a Google search that indicates Hitler’s market manipulation is a direct cause of Saturday closure. The most frequently cited reason is to give time to catch up on paperwork. Though that explanation does seem to be in tension with this post on Stack Exchange^[Stack Exchange] which also says that the market closed because trading was light during the Depression (so, which is it, there is too much work or too little?).

If this is supposed to be common knowledge, it’s hard to find details on it.

[–] Mutalisk@hexbear.net 1 points 1 day ago* (last edited 1 day ago)

I found this paper on the German defaults of the 1930s that analyzes European economies between 1930 and 1939, and it notes that European stock exchanges were regularly opened on Satudays during that time, with the exception of the LSE (which had already stopped opening on Saturdays some time around 1917, started opening on Saturdays in 1931 as a trial and then reverted to the 5 day week in 1934):

There is also evidence of European stock exchanges being opened on Saturdays after the end of WW2 emilie-shrug

i knew that the self enrichment drive was always a big part of fascism, but this is the first I've heard of this direct effect. would you know of any decent further reading on this?

Any resources on details?

[–] HarryLime@hexbear.net 20 points 1 day ago (2 children)

This is the first I've ever heard of this

[–] Beaver@hexbear.net 14 points 1 day ago
[–] TheOtherwise@hexbear.net 9 points 1 day ago

Brah, same lolol