economic challenges Nazi period Flashcards
what did the Nazis still have to pay, not reparations?
government debt on borrowing
what did the Nazis fail to pay in 1934? what did it cause?
US debts, trade with USA collapsed
who drew up the New Plan?
Schacht
what did the New Plan aim to do?
make trade treaties with other countries that involved exchanging goods rather than paying for imports
when was the first 4 year plan announced, what was its aim?
1st jan 1933, achieving autarky as soon as possible, target unemployment and agriculture
how were employment statistics changed so rapidly?
Depression out of worst, businesses employing again
Nazis manipulated statistics - Jews, women stopped from working
created work schemes
what organisation created work schemes?
Reich Labour Service RAD
what did the work schemes do?
provided manual work, often less pay than unemployment pay, basic food and accommodation
what was the Reich Food Estate set up to do?
regulate food production, distribute farm produce, set prices and farm wages
why did the Reich Food Estate (RNS) set up Reich agencies?
to control the importing of farm produce
how much of the total of farm produce did German farmers provide in 1928 and 1934?
1928- 68%
1934-80%
what did the Law for the Protection of Retail Trade do?
introduced 1933
stopped building of new department stores + banned expansion of existing ones
help small businesses
what was the only union in the Nazi period?
German Labour Front (DAF)
how did the DAF not support workers?
allowed big businesses to exploit workers more, workers not part of it found it harder to get jobs, controlled people and many of the working conditions
what was the crisis of 1935-36?
countries demanding cash not trading of goods for goods, Germany still needed rearming and raw materials, also needed food
Schacht had to choose between materials or food
what did the trading problems lead to for Germany?
guns vs butter debate
balance of payments problems
what is a command economy?
economy where state not businesses or agriculture decides what and how much to produce
what was the state suffering from in 1936?
high foreign debts because of raw material imports for rearmament and work creation