Nazi policy- 3) Economic Control/Policy

Question 1

Nazi Policy- 3) Economic Policy/Control

Answer 1

a. Schacht’s New Plan.
b. Goering’s 4 Year Plan.

Question 2

3) Economic Policy/Control
a. Schacht’s New Plan.

Answer 2

i. Schacht was the president of the Reichsbank.
ii. Given the task of controlling the economy in 1934.
iii. Hitlers demands were: (3)
iv. Schact aimed to bring down unemployment by (these are all mentioned in other sections): (3)
v. He also built up the Strength of the economy by: (3)

Question 3

3) Economic Policy/Control
a. Schacht’s New Plan.
iii. Hitlers demands were: (3)

Answer 3

1. To reduce unemployment.
2. To expand and re-arm the army as well as the navy and air force.
3. To give Germany “autarky” (self-sufficiency) so that it wasn’t too dependant on foreign trade.

Question 4

3) Economic Policy/Control
a. Schacht’s New Plan.
iv. Schact aimed to bring down unemployment by (these are all mentioned in other sections): (3)

Answer 4

1. Creating public work projects.
2. Providing generous marriage bonuses to keep women unemployed and at home.
3. Employing thousands of people in positions in the Nazi Party and government.

Question 5

3) Economic Policy/Control
a. Schacht’s New Plan.
v. He also built up the Strength of the economy by: (3)

Answer 5

1. Issuing “mefo bills” – credit notes which the government used to pay for goods, promising to pay back with interest for 5 years.
2. Persuading foreign countries to use German Currency to buy goods from Germany.
3. Making new trade agreements with countries in the South and East of Europe (areas which were not under the influence of the USSR, the USA, Britain, or France).

Question 6

3) Economic Policy/Control
b. Goering’s 4 Year Plan.

Answer 6

i. In 1936, Hitler put Goering in charge of the economy.
ii. He created his plan as to make Germany independent of the need of foreign imports.
iii. One of Hitler’s main aims in his secret instructions to Goering was to have the economy ready for war in 4 years. (3)
iv. Germanies economic policy had a major impact on it’s increasingly aggressive foreign policies.
v. As well as working towards economic Autarky, Goering continued to re-arm Germany.
vi. His four year plan also expanded the industries needed to produce weapons.
vii. The increased use of things such as coal or iron led to a huge increase in government spending on rearmament.