Holocaust Economics Essay

According to the Webster dictionary, the holocaust is said to be the systematic mass slaughter of European Jews in Nazi concentration camps during World War II (“Webster Dictionary"). Economics on the other end is the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. (“Webster Dictionary "). Intertwining this two words together holocaust economics can be referred to as the economic growth that took place during the holocaust period, and the fact that the exploitation Jewish labor led to the rise of the German economy.

According to the article “The Holocaust – Economic Exploitation”. It was said that the main reason of the Hitler and Nazi holocaust was to eradicate an exploit the Jewish community by creating a systematic strategy to take over their wealth, properties, and possession, this idea of eradication was very brutal as the Jews were deprived of their rights and dominated by the Nazis. The holocaust just didn’t involve the eradication and exploitation of the Jewish people’s possessions but rather the ultimate goal was for the economic growth of the Nazis Germany. The Jews were either moved to either of the two main centers which were the

More so it discussed about the vast annihilation of the Jews, and the main component of the holocaust event in relation to the third prospect theory which states that losses are valued more than gains (Kahneman & Tversky, 1979, 2000; Levy, 200). In relating this theory to the holocaust, this theory becomes meaningful in the aspect where the properties, possessions and labor of the Jewish people are more valued than their lives, the Jews where annihilated by the Nazis so they could take over their business and wealth, to build up the nation’s wealth. The killing of the Jews is the loss in while the dominancy of their property, business and possessions is the