The Industrial Elites Flashcards
Krupp
-worked in secret to rearm military
-Helped fund NSDAP for march 1933 election (later became President of Ger Chamber of Commerce)
Attitudes of big business
-support from coal, steel, armament industries
-reassured abt socialist ideas of NSDAP
-looked to Nazis to bring abt stability
-revival in the economy helped improve env for business
How did big business help the Nazis?
-siemens (electronics)
-krupp (steel)
-I.G. Farben (chemicals, Zyklon B) profits (1935-39) increased from 71mill to 240 mill marks
automobile industry
-Opel was biggest owned by General Motors in US and was largest producers of trucks
-1935 plant near Berlin to produce the Blitz truck
-Henry Ford helped fund the NSDAP election 1933
-Volkswagen promoted and workers paid into savings scheme for ‘people’s car’ but never worked bc a quality car couldn’t be created for Hitler’s price
response to industrial non co-operation?
-replaced by state owned industrial facilities
-Ruhr steelworks replaced by Herman Goering Works
Herman Goring Steelworks
-600k employees
-given priority over private companies in allocation of materials etc
-1939 largest industrial enterprise in Europe
-As Ger expanded so did the business into Austria etc
help to agriculture
-1933 Reich Entailed Farm Law= peasant farms couldn’t be seized by banks
-1935 Reich Labour Service= unemployed young men had to do 6 months labour
-Schacht’s policies resulted in food shortages and rising prices 1935-6
agriculture and autarky
-self sufficiency in food supply
-Ger’s couldn’t afford luxuries
-High value food was in shortage
-1939 food production targets not met