Hitlers economic policies (CH4) Flashcards

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1
Q

What’s the policy of Autarky?

A
  • Economic self-sufficiency
  • Produce enough goods on its own so it doesn’t have to import goods
  • Doesn’t depend on imports
  • Raw materials were prioritised
  • Wanted to achieve autarky before the war started
  • Wanted to strengthen armed forces (needed raw materials)
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2
Q

What were Hitler’s economic policies

A
  • Economy focuses on war and rearmament
  • Solve unemployment
  • Drag Germany out of the world recession
  • Make Germany self-sufficient
  • Get rid of Jewish industrialists
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3
Q

Who were the two men that began an economic plan?

A

Hjalmar Schacht and Hermann goering

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4
Q

What did Hjalmar Schacht do in his New Plan?

A
  • He promoted trade agreements with developing countries, trading manufactured goods with raw materials
  • He reduced unemployment by:
    1. Work creation projects
    2. Compulsory Labour Service (RAD)
    3. Conscription to the army
    4. Dismissing Jews from jobs
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5
Q

What happened in 1936 that lead to Hermann Goering taking over?

A

He fell out with Hitler over the speed of rearmament and was replaced with Hermann Goering

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6
Q

What was the aim of Hermann Goering’s Four Year plan?

A
  • Speed up rearmament and prepare Germany for war
  • Autarky
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7
Q

What did Hermann Goering do under his Four Year Plan?

A

He increased the rate of rearmament and the army grew rapidly. Hitler began to openly break the TOV (Austria 1938, Sudetenland 1938 and Poland 1939)

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8
Q

Was Goering’s Four Year plan a success?

A

Unemployment dropped from 4.8mill to 0.5 mil.
Wages rose but were still lower than in 1928
By 1939, Germany was still not self-sufficient.
Overall it created jobs but did not reduce the amount of imported goods

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