9. Economic and Foreign Policies, 1933-39 Flashcards
Why were economic policies a priority for the Nazi Party?
They wanted a stronger economy so they could afford rearmament
What issues did the Nazis face in terms of rebuilding the economy ?
- Lack of raw materials
- Limited foreign currency
- Skills shortage
What was the public works programme?
Hitlers fix to unemployment included building hoses and the autobahn
What did the government give to private companies in order for them to hire more people ?
Subsidies
What did the improving economy lead to that was not good?
A balance of payments problem, Germany were importing more than exporting
What were Mefo Bills?
Money given by the government to pay companies, which would be turned into Reichsmarks in 5 years
What funded half of Germanys rearmament ?
Mefo Bills
How many people were unemployed in 1932?
6 million
How many people were unemployed at the end of 1933?
4 milllion
What increased as wages increased?
prices
What was Germany’s national income in 1932 ?
42.6 million
What was Germany’s national income in 1938?
79.8 million
How much did big businesses income rise because of the Nazis?
116%
What were the two programmes introduced to improve workers conditions and lives?
- Strength through Joy
- Beauty of Work
Who was Hjalmar Schacht?
Hitler’s banker
