ECONOMIC & EMPLOYMENT POLICIES Flashcards
How was Hitler helped financially in 1932?
End of reparations.
What was Hitler able to build on, that Schleicher originally created?
Public Works Scheme.
What had Hitler promised in 1933?
To solve the unemployment problem within four years.
How many Reichsmark were invested in the Nazi employment schemes?
One Billion.
How much did car production increase by? How did this happen?
40%
Encouraged by tax concessions.
What was introduced in 1935, which helped to employ unemployed youth?
Introduction of conscription.
How many men did the Voluntary Labour Service employ?
500,000.
What was the result of unemployment by 1938?
Virtually full employment.
How much had unemployment fallen to by 1934? When did it fall again after that?
2.5 million in 1934.
1936, following the introduction of conscription.
What was the downside of the Reich Labour Service?
Was not only poorly paid, but involved hard labour.
What was Schacht appointed in 1934?
Minister of Economics.
What did Schacht encourage? What was this policy called?
Heavy state spending.
Deficit Financing.
What did deficit financing result in for the government?
70% spending rise.
What was the situation with imports and exports in Germany from 1934 to 1937?
Importing raw materials and failing to increase its exports, resulting in a shortage of money.
How did the Nazis avoid inflation?
Through the introduction of Mefo bills.
How was the import problem worsening by 1936?
Raising of funds for rearmament, created demand for imports. Balance of payments problem was worsening.
Who did Hitler appoint after Schacht? As what?
Göring as Commissioner for Raw Materials and Currency.
What was the aim regarding production in the four year plan?
Increase armaments production and also achieve autarky.