Nazi Economy

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NAZI ECONOMY 

  • Aims of the Nazi economy were to make Germany a great military and industrial power 
  • Focused on Autuarky (self-suffiency) and Deficit Planning (public-works schemes) 

Schact 1933-1936

  • President of the Reichsbank and Minister of Economics --------> Trusted and experienced 

Deficit Planning

  • Autobahns and buildings, decreased unemployment rates 
  •  However, women and jews removed from unemployment rate and world                                         depression in decline 
  • Balance of Payments crisis and huge deficit 

New Plan 1934

  • Import of raw materials cut 
  • Trade agreements with Balkan countries and South America 

Success?

Aluminium production increased 

From 1933-1938; Industrial Prodution increased by 105% 

-  Production of oil, rubber and armaments fell short

 Resignation 

  • Hitler thought rearmament was too slow

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