The Nazi Economy 1933-39 Flashcards
Who did Hitler appoint to mastermind the “Battle for Work” ?
Hjalmar Schact
What did the Nazis call their campaign against unemployment ?
“Battle for work”
What was so strange about Hitler’s appointment appointment of Hjalmar Schact ?
He had great power yet wasn’t a Nazi
When was Hjalmar Schact appointed chief of Germnay’s national bank ?
1933
When was Hjalmar Schact appointed Minister of Economics ?
1934
How many Germans were unemployed when Hitler came to power ?
7 Million + (realistically) but the official statistics were 6 Million
What was the unemployment by 1936 ?
2.5 Million
What was the unemployment in 1939 ?
302,000
What lead to the fall in unemployment ?
- “Natural” recovery - recovery after the Great Depression
- “Autobahnen” - new highways were created ( however lower-profile schemes such as house building were more successful )
- Re-armament
- Many people were not counted
How was re-armament kept to a low profile ?
They payed manufacturers with “Mefo-Bills” ( cheques basically )
Who were not counted in unemployment statistics ?
Jews
Women
Some young because of reach Labour service
Many were forced to join the army instead to ready for war
What was Schacts’ New Plan ?
To reduce the trade deficit Germany had created he made it so you couldn’t import unless you had approval from ministry of economics
When was Schacts’ New plan ?
1934
What was the effect of the New Plan ?
Food shortages
What evidence is there to suggest an economic revival after 1933 ?
Unemployment went down
