How Successful Were Nazi Economic Polices Flashcards
How much was invested in public work schemes like building roads, canals and houses?
1 billion Reichmarks
What Nazi economic policies resulted in a 40% rise in car industry production?
Tax concession on the car industry
What Nazi policy in 1935 reduced employment?
Conscription
What government service helped reduce unemployment in the 1930s?
The Voluntary Labour Service, which employed 500,000 men by 1935
When was their virtually full employment under the Nazis?
1938
What was much of the work the Reich Labour Service did?
Hard, poorly paid labour, with every 18-25 -year-old man having to do 6 months work service with
Who was the President of the Reichsbank from 1933 to 1939, and the Minister of Economic from 1934 to 1937?
Hjalmar Schacht
Why did government spending rise by 70% from 1933 to 1936?
Because of the suggest economic policy by Schacht, which was a policy of heavy state spending following a policy of deficit financing
Thought unemployment was down in Nazi Germany, what was the problems with the economy?
A palace of trade deficit, with Germany importing more raw material and failing to increase its exports, resulting in a shortage of money
What did the New Plan in September 1934 do?
Gave the government control over all trade, tariffs, capital and currency exchange
How was inflation controlled under the Nazis?
Mefo bills, which were credit notes to pay manufacturers of military equipment, used to raise funds by offering them a 4% interest rate on money market
What was the ‘guns or butter debate’?
Whether to spend on arms expenditure or production of industrial goods
What was the goals of Goring’s four year plan?
To achieve autarky, with one of the aims of the plan was to increase the production in key industries, such as synthetic rubber, fuel, oil and iron ore
Which Nazi controlled organisation arranged wages and working conditions, which were usually poor?
The German Labour Front (DAF)
How many hours did workers increase between 1933 to 1939?
43 hours per week in 1933 to 47 by 1939, with more pressure to do overtime in 1939 because of WW2
