4.6 Policies to reduce unemployment Flashcards
What was risk deficit financing
Putting government money into schemes that would improve employment
What was autarky?
Self sufficiency
Why did Germany want autarky?
So they didn’t have to rely on imports
What was Wehrwirtschaft?
Defence economy
Why did Hitler want a Wehrwirtschaft (defence economy)?
Basing the needs of the economy around the war so that they could avoid a repeat of the First World War
Who introduced the New Plan?
Dr Schacht, The Minister of the Economy
What was the New Plan?
- Trade Agreements with other countries to ensure Germany’s supply of raw materials
How successful was the New Plan?
Very successful - provided Hitler with money to rearm Germany
How many Reichsmarks were put into public works schemes?
1 billion
Why was the New Plan good propaganda for the Nazis?
It showed the Nazis improving life in Germany
When was the Four Year Plan implemented?
1936
Who was in charge of the Four Year Plan?
Goering
What was the purpose of the Four Year Plan?
Making Germany self-sufficient in oil, steel, and rubber
What did scientists work hard to find?
Substitutes for things that Germany had to import
There was a propaganda campaign to encourage people to buy German ____
Food
How successful was the Four Year Plan?
There was little success
By 1939, Germany was importing 1/3 of its raw materials
By 1939, government debt was 40bn marks
What public works programmes did the Nazis implement?
Autobahns and the Olympic Stadium
What employment programme was introduced in 1935?
Labour Service (RAD)
What was the Labour Service?
Compulsory for all men between 19-25 to work in farming or public works for 6 months
How much did spending on arms increase between 1933 and 1937?
2 million to 17 million
How many men were allowed in the army according to the Treaty of Versailles?
100,000
How many men were in the army by 1938?
900,000
What was the unemployment figure in 1933?
6 million
What was the unemployment figure in 1939?
500,000
