Economic Impacts

Question 1

What was the aim of Hitler’s economic developments?

Answer 1

To overcome the negative impact of the Great Depression

Question 2

5 policy/measures of economic impacts

Answer 2

1) re employment
2) rise of big industrialists
3) control of trade union
4) organising of worker’s leisure time
5) militarisation

Question 3

What is re employment about?

Answer 3

There was over 5 million unemployed people and a major crisis in the farming sector when Hitler came to power
Dr. Hjalmar Schacht encourage Hitler to initiate public works programme to create new employment opportunities

Question 4

How was re employment carried out?

Answer 4

Hitler built roads, motorway, public buildings
Nazis involved the Reich labour service an agency to reduce unemployment
Reduced unemployment > provided infrastructure and facilities for public > created order in society >conducive for business economy recovered

Question 5

What is the rise of big industrialists about?

Answer 5

Under New Plan of 1934, industries important to Germany were subsidised and imports were to barred reduced competition
Goering’s (Hitler’s right hand man) Four Year Plans(1936) - spending on rearmament for WW2 (goes against treaty of Versailles)

Question 6

How was rise of big industrialists carried out

Answer 6

Companies producing oil, steel, coal and explosives given valuable govt contracts > increased govt spending for war machines boosted company revenues in the weapon industries > in return these companies supported the Nazis with compulsory donations > Nazi banned trade unions > workers under strict control of govt lost rights to strike > good opportunity for businesses to exploit their workers > increased productions > boosted economy