nazi economy fc

Question 1

what were the 3 problems with German economy the hitler became chancellor

Answer 1

international debt / agricultural stagnation / industrial employment

Question 2

period 1933-36 was?

Answer 2

economic recovery

Question 3

four year plan dates

Answer 3

1936-39

Question 4

blitzkrieg dates

Answer 4

1939-40

Question 5

total war dates

Answer 5

1941-45

Question 6

quote on hitler’s economic policy

Answer 6

‘no single unified economic system prevails throughout nazi regime’
–>evolved out of situation over careful planning due to contrasting ideas

Question 7

explain quote

Answer 7

-anti capitalist 25 point plan contrasts to autarky and deficit training

Question 8

unemployment in 1932

Answer 8

8 million

Question 9

how many major banks collapsed in 1931

Answer 9

5

Question 10

what were Hjalmer’s Schact’s actions ?

Answer 10

work creation schemes e.g. reforestation

-Law to reduce unemployment - public spending up 70%

Question 11

success I schact unemployment 1932-36

Answer 11

5.6 million –> 1.6 million

Question 12

criticism of schact

Answer 12

-even thought German economy appear to prosper coincide w/ natural upturn in business cycle after low point winter 1932

Question 13

criticism of schact

Answer 13

-even thought German economy appear to prosper coincide w/ natural upturn in business cycle after low point winter 1932
BUT - policy played a roel

Question 14

2 fears after economic recovery

Answer 14

• rapid increase in demand == inflation

- balance of trade deficit (imports > exports)

Question 15

may 1933 ? aided what

Answer 15

abolition trade unions

–> inflation never materialised

Question 16

what was issue new plan had to solve

Answer 16

1934 need to balance payments BUT big business demand raw material for rearmament

Question 17

September 1934 New Plan – did what ?

Answer 17

control of trade + tariff

• -> metals allowed but wool cut
• mefo bills disguised gov spending

Question 18

new plan - also gaining control over territory before military + political

Answer 18

-bilateral trade agrmts. w/ balkans ensure control before military

Question 19

success of schact by 1936

Answer 19

unemployment at 1.5 million + industrial production up 60%

Question 20

downside to schact success

Answer 20

disguise fundamental structural issues - unearth late 1936

Question 21

what’s the Guns or Butter argument ?

Answer 21

-to balance budget –> rearmament or food

Question 22

hitler 2 main aims 1936

Answer 22

• armed forces operational in 4 years

- economy fit for war

Question 23

main aims of Goerring’s 4 Year Plan

Answer 23

-rearmament + autarky

Question 24

4 year plan DAF

Answer 24

trade unions abolished - bosses no longer sack on spot

-no bargaining for higher wages

Question 25

success of 4 year plan ? why misleading

Answer 25

6 million unemployed to 0.3
BUT
-women no longer included

Question 26

overall opinion on 4 year plan

Answer 26

succeeded in reliance on foreign imports did not increase BUT Germany reliant on foreign for 1/3 raw materials

Question 27

stats for success in blitzkrieg 1939-41

Answer 27

military expenditure doubles - 55% workforce in war projects

Question 28

unsuccessful in blitzkrieg

Answer 28

-efficiency + poor coordination = limits production

Question 29

example of rearmament program under 4 year plan

Answer 29

autobahns

Question 30

example of Speers success in power as rearmament 1942

Answer 30

ammunition production rose 97%

Question 31

however unsucccess of Speer rearmament 1942

Answer 31

failed to counter local level party gauleioterw = conquered lands not exploited economically - could have reached US and Britain levels

Question 32

who put in place new plan

Answer 32

schact

Question 33

what had schact done

Answer 33

hidden balance of payments problem - goering takes over for rearmament 1936

Question 34

when did schact resign

Answer 34

1937

Question 35

what was Speer made in 1942

Answer 35

minister of armaments

Question 36

factual evidence for unsuccessful of Speer

Answer 36

German arms production peaked 1944 below full potential