At the beginning of the 1930s, the Nazi Party's rise to power increased tensions between Germany and the Soviet Union along with other countries with ethnic Slavs, who were considered "Untermenschen" (inferior) according to Nazi racial ideology. Moreover, the anti-Semitic Nazis associated ethnic Jews with both communism and financial capitalism, both of which they opposed. Consequently, Nazi theory held that Slavs in the Soviet Union were being ruled by "Jewish Bolshevik" masters. In 1934, Hitler himself had spoken of an inescapable battle against both Pan-Slavism and Neo-Slavism, the victory in which would lead to "permanent mastery of the world", though he stated that they would "walk part of the road with the Russians, if that will help us." The resulting manifestation of German anti-Bolshevism and an increase in Soviet foreign debts caused German–Soviet trade to dramatically decline.[b] Imports of Soviet goods to Germany fell to 223 million Reichsmarks in 1934 as the more isolationist Stalinist regime asserted power and the abandonment of post–World War I Treaty of Versailles military controls decreased Germany's reliance on Soviet imports.[clarification needed]

Who was to blame for communism and capitalism?