Nazi Economic Developments
- Created by: JasmineP46
- Created on: 19-02-21 11:14
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- Nazi Economic Developments
- Aims
- Deficit spending
- Acquisition of living space (Lebensraum)
- Wehrwirtschaf (defence economy)
- Organise the economy effectively to fight a 'total war'
- The New Plan
- Schacht's solution
- Fell out of favour with Hitler for criticising the prioritisation of spending on rearmament & recommended the abandonment of autarky
- Only worked short-term
- Germany lacked foreign currency
- Schacht's solution
- The Four-Year Plan
- 1939-1940
- Hermann Goering
- Priority given to produce 'ersatz' products
- Absolute focus on autarky and self-sufficiency
- Failed to meet a number of key targets
- Initiated because Schacht's plan could not solve the problem of providing raw materials needed for rearmament
- Wartime economy
- Four-Year Plan
- Defence Economy
- Ministry for Armament and Munitions
- Economic Ministry
- Peactime economy
- Grim by the time of Hitler's appointment
- 8.5 million unemployed
- Task of economic recovery given to Hjalmar Schacht
- President of the Reichsbank
- Battle for Work
- Construction of autobahns (motorways)
- Unemployment reduced by the Reich Labour Service
- By 1936: unemployed fell to 1 million. Did not include 'work shy', women or Jews
- Grim by the time of Hitler's appointment
- Albert Speer
- Appointed Minister for Armaments in 1942
- Encouraged the employment of women, which Hitler had long resisted
- Broadly successful, but some factors limited productivity
- Women not fully mobilised until after Goebbels 'total war' speech, 1943
- Shortages of raw materials: ersatz materials could not overcome the shortfall
- Aims
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