Hitlers economic policies (CH4)

Question 1

What’s the policy of Autarky?

Answer 1

• 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)

Question 2

What were Hitler’s economic policies

Answer 2

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

Question 3

Who were the two men that began an economic plan?

Answer 3

Hjalmar Schacht and Hermann goering

Question 4

What did Hjalmar Schacht do in his New Plan?

Answer 4

• 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

Question 5

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

Answer 5

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

Question 6

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

Answer 6

• Speed up rearmament and prepare Germany for war
• Autarky

Question 7

What did Hermann Goering do under his Four Year Plan?

Answer 7

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)

Question 8

Was Goering’s Four Year plan a success?

Answer 8

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