Theme 3: Controlling The Economy Flashcards
1
Q
Who introduced the New Plan?
A
Hjamar Schacht
2
Q
When was the New Plan?
A
1934
3
Q
What was the New Plan?
A
- to deal with Germany’s growing trade problems
4
Q
Successes of the New Plan?
A
- allowed economy to grow
- greater demand for German goods in Britain and USA - money coming in
5
Q
Who made the first 4 Year Plan?
A
Herman Goering
6
Q
When was the first 4 Year Plan?
A
1933-1936
7
Q
What was the first 4 Year Plan?
A
- ensure German forces would be ready for war in 4 years
- ensure German economy would achieve autarky, self-sufficiency
8
Q
How successfully were Nazis in improving economy: employment
A
- between 1933-34- 2.8 million jobs created
- Jews could not work in civil service
- Nazis encouraged business to create jobs for unemployed
9
Q
How successfully were Nazis in improving economy: agriculture
A
- German produce made cheaper
- minister of agriculture increased import tariffs
- Reich Food Estate set up to regulate food production
10
Q
How successfully were Nazis in improving economy: trade
A
- Germany didn’t have have much trade with countries
- important goods without a license became illegal
- some industries (that relied on imports) didn’t recover from pre-depression levels of growth
11
Q
How successfully were Nazis in improving economy: re-armament
A
- expensive and Nazis were already in debt
- 1/5 of all military spending came from mefo bills
12
Q
What were the successes of the command economy?
A
- Germany became self sufficient- bread, sugar, potatoes
- 4 Year Plan increased steel production from 19.2 million tonnes in 1936 to 22.6 million tonnes in 1938
- synthetic rubber production increased by 500%
13
Q
What were the failures of the Command Economy?
A
- four year loan created economic problems
- production to support military was prioritised
- govt not always able to keep up with requests for produce
- huge costs of rearmament meant they were close to another inflation crisis
14
Q
What was strength through joy?
A
Designed to bring benefits of culture and leisure to working people
15
Q
Different groups standard of living: working class men and families
A
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