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