(2) Nazi Economic Policy: Stability And Autarky Flashcards
1
Q
What was Schacts 1934 new plane made to deal with
A
The trade Deficit (importing more than exporting)
2
Q
What 4 ways did Schact revitalise the economy
A
- introducing cuts on welfare spending
- limits on imports
- targeted government spending on key industries
- made trade agreements with countries
3
Q
Why did Schact leave office
A
Because Hitler was pressurising him to make a war economy
4
Q
Who replaced Schact
A
Hermann Göring
5
Q
What did Göring introduce and when
A
The four year plan in 1936
6
Q
What did the four year plan do
A
- made new factories
- industries placed under government control
- imports cut
- higher targets set for production of oil, steel etc
- industries encouraged to produce synthetic materials
- all farmers had to join the Reich food Estate
7
Q
How much was Germany importing by 1939
A
1/3 ( Germany had to invade )
8
Q
When did dr.Hjalmar Schact become president of the Reichsbank
A
May 1933
