Nazi Economy 1932-45 Flashcards
Hitler’s aims for Economic Policy (4)
- Rearmament
- Autarky
- High enough living standards to ensure support
- Architectural projects to rebuild Germany
Economic Recovery (33-36): Tax cuts were implemented in… (3)
- Farming
- Small business
- Heavy industry
Economic Recovery (33-36): Grants were given to… (3)
- Businesses (to repay debt)
- Newly married couples (for furniture)
- Homeowners (for contractors + domestic servants)
Economic Recovery (33-36): The … [public works scheme] was established in June 1933 and had a budget of …
a) Reinhardt Programme
b) RM1,000 million
Economic Recovery (33-36): When was the Reinhardt Programme established?
June 1933
Economic Recovery (33-36): From 1932-33, government spending on work creation grew by… [%]
over 25%
Economic Recovery (33-36): Between 1933 and 1934, … jobs were created
2.8 million
Economic Recovery (33-36): … [%] of jobs were made from direct government measures
20%
Economic Recovery (33-36): What other [external] factor also aided German economic recovery?
A recovering world economy (i.e. Britain + the USA have enough money to buy German exports)
Economic Recovery (33-36): The … [employment programme] became compulsory from 1935
Reichsarbeitsdienst (RAD)
Economic Recovery (33-36): From when did service to the RAD become compulsory?
1935
Economic Recovery (33-36): Which three groups of people were not included in unemployment statistics? (3)
- Jews
- Women
- People involved with the RAD
Rearmament: From when were Mefo bills issued?
Autumn 1933
Rearmament: Name two companies that benefited greatly from Mefo bills (2)
Possible answers: 1. IG Farben 2. Krupps 3. Siemens \+ any other companies involved in rearmament
Rearmament: What did Mefo bills allow the government to do?
Mefo bills allowed the government to run a greater deficit than it would have normally been able to
Rearmament: By 1938, there were … [RM] of Mefo bills, compared to … [RM] of normal government bonds
a) RM9 billion
b) RM12 billion
Rearmament: Between 1933 and 1939, Mefo bills accounted for … [%] of military spending
20%
Trade (34-35): Why was the market disbalanced?
People were working and having more money, but no goods were being created (i.e. Public works schemes don’t produce consumer goods, nor does rearmament)
Trade (34-35): What goods were import quotas implemented on and when?
August 1934; wool, cotton, leather, fur, precious metals
Trade (34-35): How many new departments were created in the Ministry of Economics to handle import licenses?
25
Trade (34-35): When did German trade come back into balance?
Mid-1935
Trade (34-35): With which countries did Germany seek trade deals with? (3)
Possible answers:
- Yugoslavia
- Peru
- Argentina
- Nicaragua
- Romania
- Latvia
- Estonia