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10: The Nazi economy, 1933-1939
Transcript of 10: The Nazi economy, 1933-1939
The Nazi economy, 1933-1939
How did the Nazis bring down the level of unemployment in Germany?
chief of Germany's national bank
How much credit should be given to the Nazis for bringing down unemployment?
What did the Nazis mean by a 'war economy'?
To what extent did the Four Year Plan achieve its objectives?
Minister of Economics
the New Plan, 1934
Hitler chancellor 1933
'natural' economic recovery
Schacht: public works
land reclamation, road repair, house building
19-25 Reich Labour Service
Rearmament & Conscription
the 'Battle for Work'
Battle for work - problems
Rearmament: imported raw materials
exports struggling - tariffs
NO IMPORTS Ministry of Economics
the New Plan
fewer food imports, food shortages
Did Germany experience an 'economic miracle' after 1933?
Propaganda: Hitler 'conquered unemployment'
193-34 job-creation schemes
standards of living:
the Four-Year Plan
Political Goals: Communists, SDP crushed
Gleichschaltung: German institutions Nazified
'Battle for Work'
Economy: Ready for War within 4 years
Size & firepower +
too far too fast!
Resigned as minister for Economics 1937
"Plenipotentiary for the Four Year Plan"
1930s: second in command to Hitler
1935: Commander in Chief of Luftwaffe
Economically self sufficient
Germany reliant on foreign imports
2) raw materials
German farmers - more food (land grants - reclamation)
Use local raw materials (lower quality/expensive)
Develop synthetic alternatives
Labour retraining - essential skills
I.G. Farben - Chemicals Giant
Synthetic motor Fuel
State Run Facilities
Hermann Goering Works
1940: 600,000 people
How Successful was the Four-Year Plan?
Cannot be successful in all respects
Agriculture vs. War
land: barracks, camps, airfields
1933: Reich entailed Farm Law
less than expected
1939: still importing 1/3 raw materials
1933: opening of 'Battle for Work'
1934: Schachts 'New Plan'
1936: Launch 'Four Year Plan'
1937: Schacht resigned