how far do you agree that Schacht was responsible for transforming Germany's economy 1933-39? Flashcards

1
Q

What are the factors of the question?

A

Schacht’s new plan/ Goering’s 4 year plan/ Goebbels’s propaganda

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2
Q

Did Germany’s economy improve during Schacht’s time?

A

yes

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3
Q

When was Schacht’s new plan?

A

1934

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4
Q

Who was Schacht?

A

Economist/ Economic minister in 1933

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5
Q

What were Schacht’s aims?

A

Cut welfare spending/ rearmament/ exchange agreements

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6
Q

Was Schacht successful?

A

Unemployment reduced to 1.6 million/ Economy grew to pre-depression levels/ Farming production increased by 50%

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7
Q

What were Schacht’s limitations?

A

Germany was buying more than they were making/ increase in food demands meant higher prices and worsened living standards

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8
Q

When was Goering’s 4 year plan?

A

1936 - 40

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9
Q

What were the aims of the 4 year plan?

A

Get Germany ready for war in the four years/ rearmament/ build new factories/ produce military goods/ control agriculture/ have better harvests

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10
Q

What were the limitations of the 4 year plan?

A

Germany imported over 1/3 of raw materials by 1939

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11
Q

What were the successes of the 4 year plan?

A

Kept German economy growing/ reduced employment to 0.5 million

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12
Q
A
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