Nazi Economy
- Created by: Alice7237
- Created on: 18-05-18 11:06
View mindmap
- Nazi Economy
- Recovery (1933-36)
- Used indirect measures such as tax cuts and grants for married couples, businesses etc
- Reinhardt Programme (1933)
- Public work schemes in order to improve infrastructure - RAD employed 84,000 at peak
- Helped reduce unemployment to 1.7 million by 1936
- Employment schemes meant that 20% of jobs were created through this (133-34)
- Start of rearmament
- Conscription became compulsory in 1935
- Used Mefo Bills which hid extent of rearmament (12 billion spent through this)
- New Plan (1934)
- Hoped to try and imports and trade/fix balance of trade
- Created 25 new departments
- Trade agreements with developing countries in east where they could get good trade deals
- 1934 - 80% of all farm produce made in Germany
- Unemployment decreased massively to only 1.7 million in 1936 - consider removal of women and Jews
- Reich Food Estate (1933)
- Meant that food prices and wages were regulated (100,000RM fine for non-conformance)
- Meant that farms couldn't be bought by bigger companies ensuring family farms
- Law for the Protection of Retail Trade (1933)
- stopped new stores from opening and old stores from expanding
- DAF only trade union (1933) - easier to exploit
- Radicalisation (1936-39)
- Second Four Year Plan (1936)
- Focus on autarky and create command economy
- Introduction of synthetic materials (ersatz) e.g. Buna - heavily expensive and inefficient
- Success? Did hit targets in coal and iron exports doubled but other areas suffered
- Became self-sufficient in bread, potatoes and sugar
- 1937, military leaders requested 750,000 tons of steel but only received 300,000
- Military leaders advised Germany would be ready for war in 1943
- Focus on rearmament
- Compulsory in 1935
- 1937 - military commanders said they only had 1/2 of what they needed
- By 1939, only had 6 weeks worth of munitions
- 'Guns or Butter Debate'
- either ration and decrease support whilst rearming or keep same imports but less rearming
- By 1937, still 17% of food was imported
- Price of pork rose by 30%
- Success? - Not much as focus on autarky ruined economy and no targets were really met
- Meant rising inflation and debt as producing but stockpiling
- Second Four Year Plan (1936)
- Chaos and rationalisation (1939-45)
- Problems at first
- Too many conflicting departments - Ministry of Four Year Plan, army, economics, navy
- Nazis who knew nothing of war were put in high positions
- Army and Waffen ** faced many conflicts on battlefield
- Huge labour shortages
- Unrealistic targets to work in uneconomic sense
- Goering held many roles and so couldn't manage all tasks effectively
- Rationalisation
- Albert Speer made minster of war and munitions (1942)
- Central Planning Board set up (1942)
- Stopped all non-essential war production e.g. post war planning, makeup
- standardised goods and created production lines so that machinery on battlefield could be fixed easily
- removed conflicting areas so that one department is in charge of one area
- End of War Problems
- Allied bombing had destroyed infrastructure (1944/45)
- Loss of land and raw materials meant less production
- Foreign workers sabotaged goods
- Nazi ideology meant loss of workforce
- Problems at first
- Recovery (1933-36)
Similar History resources:
Teacher recommended
Comments
No comments have yet been made