Nazi Economy Flashcards
When was the new plan
1934-1936
What were the aims of the new plan
Aims to recover Germany from Weimar economic disaster (due to unemployment)
FOCUSES ON : Unemployment
Trade agreements (Hungary for example) limited imports
Government spending on wide range of industries without being controlling
What part of the New plan disagreed with Nazism
Trade agreements with Hungary does not follow Autarky
1934-1936
How did the New plan focus on unemployment
Increasing army (breaks treaty of versailles) Jobs from minorities given to Aryans
work in industry and rebuilding german cities (develop Autobahn and cities)
Who created the new plan
Schacht, minister of economy
Loyal supporter of Hitler before Nazis came to power
Brilliant financial expert
Eventually sent to concentration camp for disagreeing with Hitler about rearming
How successful was the new plan
Economic problems were solved enabling Hitler to rearm but he wanted to do so quicker
When was the four year plan
1937 onwards
What was the four year plan
Prepares for total war by :
Increasing raw material production
Persuading big businesses to produce synthetic materials
Further import reduction with tighten on wages and prices
Using forced labour and building industrial plants
Why did Hitler abandon the four year plan
It was slow
Goring told Hitler he should not rearm but Hitler wanted to create total war
Why wasn’t the four year a plan a success
Raw materials produced without consumer goods, huge food shortages (butter rationing) Total war would provide food/raw materials needed
Food shortages caused slight opposition
Working hours increased but pay did not
Who created the four year plan
Hermann göring
Head of German airforce and president of reichstag
Loyal to hitler
Not an expert on economy or business
