Nazi Economy
- Created by: aimeerolph14
- Created on: 17-04-18 19:25
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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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