Chapter 15- Economic policies Flashcards
Economic Autarky
Self- sufficiency.
Germany wanted to be able to produce everything they needed by themselves
Autobahns
Propaganda project
massive highways that were a symbol of Futuristic Germany
Meant to create many jobs, only employed 125k people
Mefo Bills
Scheme whereby the German Govt paid credit notes
The battle for Work
Nazis wanted to reduce unemployment
large sums of many were spent on creating more jobs (building of roads and buildings)
1935- Reich labour service introduced compulsory work for 6 months for young men
The New plan
1934- Schacht effectively made Germany currency the primary currency of all their trading partners
These countries could then only use that money to buy German goods
Four Year Plan
1936- Aimed to make Germany war-ready by 1940
Why did the Ruhr iron and steel firms oppose Nazi mass production
Nazis used cheaper ore and the firms like high quality products
What did the Nazis form to combat Steel firms reluctancy
Hermann Goering steelworks
Hermann Goering steelworks
Massive enterprise owned by the state, funded by private companies
As Germany extended territory, HGS expanded in France, Austria and Poland
By 1939, largest industrial enterprise in Europe
German short term economic solutions
mefo bills
autobahns
volkswagons
cruises
Marriage loans
Autobahns
propaganda, only 125,000 jobs.
slows after 1938 and stops in 1942.
3870km of road built but underused
