Nazi Economic Policy Flashcards
1
Q
What did Nazis do to combat unemployment?
A
The battle for work, money spent on buildings and transport
2
Q
What was the New plan? When was it?
A
- Schacht placed controls on imports and access to foreign currency
- secured trade agreements
- 1534
3
Q
What was the 4 year plan?
A
- Aimed to make Germany read for War
- Creating a managed economy
- Increasing production of key commodities
4
Q
How was Autarky not successful
A
By 1939 :
- Oil production was 40% of what was planned
- 30% of raw materials were imported
- 6 tonnes of coal to make 1 tonne of oil
5
Q
How was it not much of an economic miracle?
A
Real wages only reached there 1929 level in 1937
6
Q
Why was there not really a miracle in unemployment crisis?
A
- Conscription for men aged 18-25 in 1935
- Jews lost their citizenship ship in 1935
- “work shy” were placed in concentration camps
- Women were not included in statistics
7
Q
What was the number of unemployed in 1935
A
2.9 million
