Nazi Economy 1933-WW2
- Created by: Liv.26
- Created on: 29-04-22 10:19
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- GERMAN ECONOMY
- Economic policies 1933-1939
- Schacht’s strategy
- Public investment
- To bring about recovery
- Policy of deficit financing
- Settling interest rate lower
- Rescheduling the debts of local authorities
- Assistance to farmers and small businesses
- Public works introduced
- Government expenditures rose by 70% from 1933 to 1936
- Schacht’s new plan
- September 1934
- Debate over should money be spent on rearmament or consumer goods?
- By 1936- “guns or butter”
- Germany bought goods on the condition Reichmark were used to buy german goods
- Gov. Decided to imports allowed
- Gov . Had complete control over all trade, tariffs, capital and currency exchange
- Goring’s 4 Year Plan
- 1936
- Increase agricultural production
- Aimed to increase rearmament and autarky
- Self-sufficient Germany
- Regulate imports and exports
- Increase raw material production
- Not fully prepared for war!
- Targets for oil and rubber not met
- Schacht’s strategy
- War Economy
- German victories at the beginning g did not suggest economy was strained
- Failed to achieve required
- Labour was mobilised for war
- Food and clothing and basic supplies rationed
- Military spending doubled between 1939-41
- Civilian consumption declined
- Production was inefficient and had poor co-ordination
- Armaments remained low
- Tanks for the Russian invasion only had 800 more than invasion of the West
- Planes- 8290 in 1939 vs 10780 in 1941
- Economic policies 1933-1939
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