Economics Flashcards
Nazi economic aims
Reasonable standard of living
Provide resources for rearmament & major architectural projects
Move towards autarky
Indirect Stimulus
Tax Cuts
Gov Grants
Designed to boost spending
Direct Stimulus
Gov set up schemes that employed people to work on gov projects
3 areas of tax cuts
Farming
Small business
Heavy industry
Reinhardt Programme
RM1,000 million to public works schemes
e.g. road building and bridge repairs
How much did gov spending on work creation increase
RM1455 million to RM1985 million, 1932-33
How many jobs created between 1933 & 1934
2.8 million
20% created through gov schemes
Unemployment in 1936
1.6 million
Mefo bills
Mefo GmbH was a company that placed orders for military goods
Allowed gov to hide what it was doing and delay payments
Financed RM12 billion of military spending 1933-39
When were import quotas introduced on wool, cotton, leather etc.
Summer 1934
When dud German trade become back into balance
Mid 1935
Countries Schacht stimulated trade with
Peru, Brazil, Yugoslavia, Latvia, Estonia
How much did price of pork & ham rise from 1934-36
30%
When did Schacht resign as minister of economics
1937
How much did coal production increase
319.7 million tonnes to 390.9 million tonnes, 1936-38
Steel production increase
19,2 million tonnes to 22.6 million tonnes, 1936-38
How many tonnes of steel did military leaders request per month
750,000 tonnes
Only received 300,000
Ersatz rubber increase
500%, 1936-38
For what year did Hitler’s generals say Germany would be ready for major war
1943
Rise in average working week
43 hours to 47 hours, 1933-39
Hourly wages decrease from 1932 to 33
3%
Hourly wages decrease from 1932-39
2%
Average working week by 1944
60 hours
kdf
Subsidised sports training & sailing lessons
Subsidised theatre and opera tickets
Set up art exhibitions
Increase of women in workforce 1933-39
11.4 million to 14.8 million
Increase in undistributed profits 1928-39
1.3 billion to 5 billion
Reich Entail Farm Law
Made it illegal to sell large & medium sized farms
Ended practice of farms being bought by big landowners
Reich Food Estate
Took a cut of food sales
sometime more than 25%
Agricultural production increase 1928-38
20%
3 centres of economic power
4-Year-Plan Organisation
Fritz Todt’s Ministry of Munitions
Ministry of Economics
Aims to increase Luftwaffe and actual size
21,000 planes
Never exceeded 5,000
Meat ration April 1942
Dropped below 500g per week
Speer’s rationalisation
Established Central Planning Board to coordinate economic organisations
Established the Armaments Commission to oversee standardisation of munitions
Introduced modern production methods - production lines
War production 1942-44
Doubled
Ammunition production
Increased 97%
Total arms production
Increased 59%
Tank production
Increased 25%
Economic production decrease
60% Dec 1944 - Jan 1945
