Nazi Economic Developments

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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
    • 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
    • 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

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