How far did the German Economy recover by 1939? Flashcards
What were the positive impacts of Schacht’s New Plan of 1934?
-by 1936 unemployment was down to 1.5million from 6 million in 1932
-industrial production had increased by 60%
-Gross National Product (GNP) had grown by 40%
What was a negative about employment in Schacht’s New Plan of 1934?
-women and Jews had been removed from government positions to allowed employment of men->women, Jews, conscripts (in the army) were not included in unemployment figures
What did government spending rise by as a result of Schacht’s New Plan of 1934? Why?
-rose by 70%
-due to the demand for rearmament imports
What were negatives with Schacht’s New Plan of 1934 on imports of raw materials and prioritising heavy industry?
-more raw materials being imported than exported leading to money shortages
-prioritised heavy industry but demands for rearmament meant that there was limited income for the country
What were the positive impacts of Goring’s Four Year Plan of 1934?
-increase in agricultural and industrial production as well as ersatz (substitute) products
-the influence of business leaders reduced as the economy came under political control
-industrial production rose
What were the negative impacts of Goring’s Four Year Plan of 1934?
-Goring came into conflict with Schacht->leading to his resignation in 1937
-Goring became an economic dictator->no one to challenge him
-the plan was not fully supported by business leaders->they believed that there should be some rearmament but not at the expense of the standard of living
-industrial production targets were not met and foreign supplies were relied upon by the outbreak of war in 1939->not ready for total war
Why was Goring’s Four Year Plan not fully supported by business leaders?
-they believed that there should be some rearmament but not at the expense of the standard of living
What is total war?
when every single aspect of a country is geared towards war
What was being produced as a result of Goring’s Four Year Plan of 1934?
-IG Farben was producing chemicals
-Siemens electrical production
-Daimler-Benz transport and aircraft
