nazi economy
- Created by: valentina__calcagni
- Created on: 19-03-21 19:30
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- Nazi Economy
- Economy
- Problems when Hitler became chancellor
- International debt
- Agricultural stagnation
- Industrial unemployment
- Main phases of Nazi economy
- The New Plan 1934-6
- The Four Year Plan 1936-9
- War economy 1939-45 (Blitzkreig 39-40)
- Nazi economic aims
- prepared for war (from 1937 - within 4 years)
- economic autarky
- full employment
- Problems when Hitler became chancellor
- Schact's New Plan 1934-6
- Recovery from Great Depression under Schact
- (-) groups had been removed from unemployment register e.g women, men conscripted into Reich Labour service (22mil) and army (over 1mil by 1935-40)
- Schact good at disguising weaknesses within economy, but there were still flaws - balance of trade problem + full employment faked
- (-) groups had been removed from unemployment register e.g women, men conscripted into Reich Labour service (22mil) and army (over 1mil by 1935-40)
- imports limited - materials imported carefully controlled
- world food prices been low for decades - farmers couldn't compete - farmers' income increased
- public spending up 70% - wide range of industries, autobahns
- unemployment decreased lots - 6mil people were on unemployment register - by 1934 3.8mil
- Trade Agreements - made w/ individual countries (e.g Hungary exchanged butter, veg oil etc) to supply raw materials in return for German goods
- Why was it successful - plan solved economic crisis and allowed Hitler to start to rearm, further helped by world economic improvement
- Although successful by 1935, Hitler wanted to prepare for war - Schacht lost his power to Goering
- Schacht argued that arms expenditure should be reduced + production of industrial goods
- Although successful by 1935, Hitler wanted to prepare for war - Schacht lost his power to Goering
- Recovery from Great Depression under Schact
- Goering's Four Year Plan 1936-9
- Guns or Butter under Goering - focused on war + autarky
- Industrial prod went up + took 1.3 mil off unemployment register - spent 46bil marks on weapons + equip - created jobs
- army grew from 1.4mil 1939
- Industrial prod went up + took 1.3 mil off unemployment register - spent 46bil marks on weapons + equip - created jobs
- Economy overheated - forced to go to war early - only way to solve economic crisis
- Schacht argued not a LT solution - by 1939 Germany still depended on foreign imports for 1/3 of its raw materials
- army had taken priority over farmers - should have focused on agriculture?
- Schacht argued not a LT solution - by 1939 Germany still depended on foreign imports for 1/3 of its raw materials
- pre-war production never reached capacity levels
- Goering focused on war prep - some improvement but wasn't successful. Forced to go to war early - still balance of trade issues (no autarky) and nationalised industries failing
- Guns or Butter under Goering - focused on war + autarky
- Economy
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