Nazi economy 1933-1936 Flashcards
1
Q
who was Hjalmar Schacht?
A
president of th Reichsbank
2
Q
what support was given to the farmers?
A
Maintained tariffs on imported produce to protect german farmers
Subsidies given to farmers
grants allocated for house repairs
3
Q
by 1936 how much had unemployment fallen to
A
1.6 million people
4
Q
What were the Bilateral trade treaties?
A
Led to trading with southeastern european countries such as Romania and Yugoslavia. These were barters with no foreigh currencies being exchanged.
5
Q
What were Mefo bills?
A
credit notes from the government that were held for 5 years- 4% interest per year
used to disguise government spending
6
Q
when dif the Balance of payments problem first emerge?
A
summer 1934
