Recovery Period (1933-36) Flashcards
Who was Hjalmar Schacht?
He was appointed President of the Reichsbank
When was Schacht appointed President of the Reichsbank?
March 1933
What was so significant about Schacht?
He exerted an extremely powerful grip on economic policy
Why was Schacht already a respected financier?
He had a leading role in the creation of a new currency in the wake of the 1923 hyperinflation
Who was Walter Darre?
He was the minister of Agriculture and food
What was Walter Darre a keen proponent of?
‘Blood and Soil’ ideology
In terms of agriculture, what did Walter Darre do?
In September 1933, he created the Reich Entailed Farm Law - made it impossible to sell or divide up any farm of 7.5-10 hectares
Tackling of Unemployment:
When was the German Labour Service introduced?
In 1935
Tackling of Unemployment:
What did the German Labour Service make compulsory?
They made it compulsory for all men aged 19-25 to work in areas of farming or public work schemes for 6 months
Tackling of Unemployment:
When was the ‘Law to Reduce Unemployment’ renewed and expanded?
In June 1933
Tackling of Unemployment:
What was most of the investment of the ‘Law to Reduce Unemployment’ directed towards?
Work creation schemes such as reforestation and motorisation - building of improved roads like the Autobahns
Tackling of Unemployment:
What was the result of the Nazi’s tackling of unemployment?
Dramatic growth in jobs, from 6 million unemployed in January 1932, to 2.1 million in 1936
Why were trade unions banned?
They were seen as a challenge
What happened on May 2nd 1933?
Nazi Police occupied all trade unions headquarters
German Labour Force:
What did Hitler announce that the German Labour Force would do what?
He announced that the GLF would replace all trade unions and ‘look after the working class’