ECONOMIC & EMPLOYMENT POLICIES Flashcards

1
Q

How was Hitler helped financially in 1932?

A

End of reparations.

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2
Q

What was Hitler able to build on, that Schleicher originally created?

A

Public Works Scheme.

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3
Q

What had Hitler promised in 1933?

A

To solve the unemployment problem within four years.

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4
Q

How many Reichsmark were invested in the Nazi employment schemes?

A

One Billion.

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5
Q

How much did car production increase by? How did this happen?

A

40%

Encouraged by tax concessions.

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6
Q

What was introduced in 1935, which helped to employ unemployed youth?

A

Introduction of conscription.

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7
Q

How many men did the Voluntary Labour Service employ?

A

500,000.

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8
Q

What was the result of unemployment by 1938?

A

Virtually full employment.

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9
Q

How much had unemployment fallen to by 1934? When did it fall again after that?

A

2.5 million in 1934.

1936, following the introduction of conscription.

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10
Q

What was the downside of the Reich Labour Service?

A

Was not only poorly paid, but involved hard labour.

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11
Q

What was Schacht appointed in 1934?

A

Minister of Economics.

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12
Q

What did Schacht encourage? What was this policy called?

A

Heavy state spending.

Deficit Financing.

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13
Q

What did deficit financing result in for the government?

A

70% spending rise.

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14
Q

What was the situation with imports and exports in Germany from 1934 to 1937?

A

Importing raw materials and failing to increase its exports, resulting in a shortage of money.

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15
Q

How did the Nazis avoid inflation?

A

Through the introduction of Mefo bills.

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16
Q

How was the import problem worsening by 1936?

A

Raising of funds for rearmament, created demand for imports. Balance of payments problem was worsening.

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17
Q

Who did Hitler appoint after Schacht? As what?

A

Göring as Commissioner for Raw Materials and Currency.

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18
Q

What was the aim regarding production in the four year plan?

A

Increase armaments production and also achieve autarky.

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19
Q

How did the four year plan set out to achieve autarky?

A

Increase agricultural and industrial production, develop ersatz and regulate imports and exports.

20
Q

What type of economy was Hitler working towards?

A

Total war economy.

21
Q

What was one of the main aims of the four year plan?

A

To increase the production in key war industries.

22
Q

What was built in order to achieve the desired increase in production?

A

Large plants.

23
Q

When were Austrian companies taken over? Under what?

A

1938.

Anschluss.

24
Q

By 1939, when war broke out, how much did the Germans still rely on foreign supplies?

A

One-third of its raw materials and therefore not ready for total war.

25
Q

How much of the workforce were employed in rearmament?

A

One-quarter.

26
Q

Where was there shortages due to large-scale rearmament?

A

Food, consumer goods and raw materials.

Balance of trade had become difficult to finance.

27
Q

What did these shortages in consumer goods, food and raw materials result in?

A

Discontent among the working-class.

28
Q

How much of German investment had been directed toward rearmament?

A

Two-Thirds.

29
Q

Why was Hitler forced into war before he was economically ready?

A

Due to diplomatic developments that brought in France and Britain.

30
Q

What was the downside to the fall in unemployment?

A

The position of many workers declined, as they were stripped of their rights including negotiations over pay and conditions.

31
Q

What were independent trade unions replaced by?

A

The German Labour Front (DAF).

32
Q

What did the DAF arrange?

A

Wages and working conditions.

33
Q

How much did working hours increase by?

A

Increased from 43 hours per week in 1933 to 47 by 1939.

34
Q

Why was the ‘Strength through Joy’ movement established?

A

Aware of the need to win support of workers.

35
Q

What was the ‘Strength through Joy’ movement?

A

State welfare organisation to gain the support of workers and improve conditions and morale in the workplace.

36
Q

What did the ‘Strength through Joy’ movement offer workers as an incentive?

A

Real benefits of sports facilities, cultural visits and holidays.

37
Q

What was the reality of the ‘Strength through Joy’ movement and the benefits it promoted?

A

Only offered to loyal workers and therefore, had limited impact.

38
Q

Overall, what was the reality of the fall in unemployment?

A

Virtually eradicated, however, it was achieved only because one-quarter of the workforce was employed in rearmament.

39
Q

How much of Germany’s GNP was spent on rearmament?

A

17% in 1938-39.

40
Q

What did this focus on rearmament create?

A

Economic problems, such as, production bottlenecks, competition for scarce resources, labour shortages and a growing threat of inflation.

41
Q

Despite the increase in production, what was the result?

A

Production targets were not met and imports were still needed, which continued to drain the financial resources of the country.

42
Q

What did Schacht create to help unemployment?

A

National Labour Service (RAD).

43
Q

What did RAD use unemployed men to do?

A

Build government-funded motorways, hospitals, schools etc.

44
Q

When did RAD become compulsory?

A

Men: 1935
Women: 1939

45
Q

How much did the army increase due to conscription?

A

From 0.4 million in 1935 to 1.4 million in 1939.

46
Q

How much was spent on rearmament?

A

46 billion marks.