Nazi: Economy Flashcards
What was agreed at the conference in Lausanne
That depression made reparation payments impossible, so they did not pay them.
Why were the nazis not concerned with losing trade with the USA
They weren’t as concerned as previous governments, as they didn’t intend to rely on foreign trade
‘New plan’
Trade treaties with countries like Hungary and Yugoslavia.
Involved trading goods rather than paying for imports
What was the nazis goal with the first 4 year plan in 1933
Wanted to achieve autarky, and to target unemployment and agriculture
From 1932-36, how had unemployment figures changed
1932 - 30% of workforce unemployed
1936 - 7.4% unemployed
How did the nazis create jobs and employment
- depression hit lowest point and started to turn around
- business began employing again
- nazis manipulated statistics (eg. Jews couldn’t work so thus were not in the stats)
- women discouraged from working
- nazis and businesses created work, even if temporary
What was the RAD
Schemes for unemployed people which gave:
-manual work, but less pay than unemployed pay.
-basic food
- labour camp accommodation
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How did the RAD schemes increase the general amount of work created
Had road-building schemes, thus increasing car manufacture, thus creating work and improved communications, helping to move goods and raw materials more effectively
Who was the minister of Agriculture and what did he do initially
Alfred Hugenburg, increased import tariffs on agricultural products, thus making German ones cheaper. He also banned banks repossessing farms in debt, made margarine manufacturers utilise German butter inside it.
What is the RNS (Reich food estate)
Set up by the next agricultural minister, Richard Darré, helped regulate food production and distribution. Also set prices and farm wages
What was introduced on may 6th
The German labour front (DAF)
What was the DAF
Voluntary to join it (but became harder for non-members to find work).
It’s organisation of working conditions allowed big companies to further exploit workers, as they could set their own conditions.
What were the problems faced by Schacht by 1935
Countries were demanding cats, and not trade, for their goods, eg.Bulgaria wanted money for their oil now. This was bad as Germany wasn’t completely self-sufficient yet and needed material for rearming, plus big lack of meat and fat in the country.
What is a command economy and how did this apply to the nazis
Economy where the state decides how much to produce.
The Nazis set up state control over industry and agriculture as they rebuilt economy.
Why did the state have high-foreign debts in 1936
Due to the raw-material imports for rearmament and creation of work