The Economic Condition 1933

Question 1

Who had already introduced work schemes by 1933?

Answer 1

Schleicher and Papen

Question 2

Which country and President was already using deficit financing

Answer 2

USA - President Roosevelt

Question 3

What was the German term for ‘defence economy’?

Answer 3

Wehrwirtschaft

Question 4

What was the name for the want for large trading in Europe under German dominance?

Answer 4

Autarky

*majorly supported by nationalists w/ expansionist views

Question 5

What percentage had German exports declined since 1929?

Answer 5

55%

Question 6

In 1932 what was the ratio of unemployed to employed

Answer 6

1 in 3 were unemployed

Question 7

How many major banks collapsed in 1931

name one

Answer 7

5

Danat

Question 8

Who was President of the Reichsbank - 1933-39?

Answer 8

Schacht

Question 9

When did Schacht becoming Minister of Economics?

Answer 9

1934

Question 10

When did Schacht leave the office of Minister of Economics?

Answer 10

1937

Question 11

What economic policy did Schacht introduce?

Answer 11

Deficit Financing

Question 12

What happened to interest rates under Schacht? Why did was this done?

Answer 12

Lowered

To increase foreign investment

Question 13

When was the Law to Reduce Unemployment started?

Answer 13

June 1933

Question 14

Name X3 forms of work creation schemes

Answer 14

Land reclamation
Motorisation (e.g autobahns)
Building (especially housing)

Question 15

Between 1933-36 what happened to public investment?

Answer 15

Tripled (x3)

Question 16

Between what years did government investment increase by nearly 70%?

Answer 16

1933-36

Question 17

What was government expenditure in 1936?

Answer 17

15,8 billion RM

Question 18

What was public expenditure on rearmament in 1932?

Answer 18

0,7 billion

Question 19

What was public expenditure on rearmament in 1936?

Answer 19

10.2billion

Question 20

What % of 1929 levels did industrial production reach in 1936?

Answer 20

107%