How Did Hitler Change The German Economy? Flashcards
What were hitlers 2 main economic priorities when he came to power in 1933?
- pull Germany through depression and unemployment
* have the money to rearm Germany to become powerful again
Who was in charge of the German economy between 1933-35?
Hjalmar Schacht
What did Hjalmar Schacht believe in?
Steady expansion of trade and strict control on amount of money spent on rearmament
What did Schacht promote?
Trade agreements between Germany and ledcs
They would import raw materials to Germany and in return Germany would give them industrial goods
When was schachts new plan?
1934
What was schachts new plan?
•reduce imports into Germany
•strengthen the currency
In order to rebuild Germany’s prosperity
What did Schacht insist about faster rearmament? What did this cause?
Faster rearmament would only interfere, this caused hitler to grow impatient with schachts caution
What was hitlers method to turn Germany into a war machine?
Blitzkrieg
What is meant by blitzkrieg?
Germany would conquer other countries one by one by rapid attack
What would be caused by blitzkrieg?
Germany could absorb the economy of the defeated country, become strengthened and move on to another country
What would be the consequence of blitzkrieg?
Germany would expand steadily and hitler would receive the lebensraum that he wanted
Name 3 disadvantages to blitzkrieg
- increased working hours
- steady wages
- fewer consumer goods to buy
Name the reasons for blitzkrieg
- gain power for Germany
* prepare for war
When was blitzkrieg introduced?
Around 1935 ish
When was blitzkrieg enforced?
1936