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 19(), which helped to employ unemployed youth?
1935 0Introduction of conscription.
How many men did the____ Labour _____ employ?
VOLUTNARY LABOUR SERVICE 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.
How did the Nazis avoid inflation?
Through the introduction of Mefo bills. (credit notes used to pay the armants factories e.g Krupps to produce arms - allowed secret rearmament, allowed gov to run up a deficit, and could be exchanged for RM)
How was the import problem worsening by 1936?
- not achieving autarky
- not creating enough exports to keep up as all was going towards rearmament
- Raising of funds for rearmament, created demand for imports.
Who did Hitler appoint after Schacht? As what?
1936
Göring as Commissioner for Raw Materials and Currency.
What was the aim regarding production in the four year plan?
GOERING
Increase armaments production and also achieve autarky.
How did the four year plan set out to achieve autarky? (3)
Increase agricultural and industrial production, develop ersatz (inferior, cheaper subs of a product) and regulate imports and exports.