Nazi economy 1933-1939

Question 1

Who was a key Nazi that helped with the German economy

Answer 1

Hjalmar Schacht

Question 2

What was Hjalmar Schacht job role

Answer 2

President of the reichsbank and economics minister

Question 3

When did Hjalmar Schacht become economic minister

Answer 3

August 1934

Question 4

Who did Hjalmar Schacht tax less and provide grants for so they had more disposable income

Answer 4

Private groups

Question 5

What did subsidies to private firms encourage

Answer 5

Bigger workforces

Question 6

What was placed under control to control inflation

Answer 6

Wages and prices

Question 7

When was the ‘new plan’

Answer 7

1934

Question 8

What did the new plan consist of

Answer 8

Mefo bill

Question 9

What happened to imports an exports in the new plan

Answer 9

Imports grew faster then exports, the plan was to control both and make it more balanced

Question 10

Who did Germany have trade agreements with in the new plan

Answer 10

The Balkans and south America

Question 11

What was trade paid in in the new plan

Answer 11

Reichsmarks

Question 12

Why was trade paid in Reichsmarks in the new plan

Answer 12

Suppliers could only spend their money in Germany

Question 13

What was a mefo bill

Answer 13

A credited note/ bill that then could be exchanged for cash at the bank

Question 14

What happened to the mefo bills the loner you had them

Answer 14

4% interest per annum if they did not cash them in for 5 years

Question 15

Why was the mefo bill good

Answer 15

Government were not paying for remilitarisation and the companies were being paid in interest on their loans to the government

Question 16

What is the concept or autarky

Answer 16

Self sufficient with mainly food and raw materials, prepared for war as then international trade would not be effected, national pride meaning they did not have to rely on anybody anymore and to ultimately have a free Germany

Question 17

How was propaganda fuelling autarky

Answer 17

Promoting to buy German goods, food and raw materials

Question 18

What did the government conduct in 1937 to help with autarky

Answer 18

Collection of scrap metal from places such as homes, garden and public spaces

Question 19

When was the 4 year plan introduced

Answer 19

1936

Question 20

What did the 4 year plan state in regards to war

Answer 20

Germany would be war ready in 4 years

Question 21

What did the 4 year plan allow control of

Answer 21

Labour supply, prices, raw materials and foreign exchange

Question 22

What did the 4 year plan increase the production of

Answer 22

Iron, steel and chemicals, it also encouraged research and investment in substitute products

Question 23

What was the result of the 4 year plan

Answer 23

It did not meet the expectations or results stated in propaganda and regime targets

Question 24

In 1939 what percentage of raw materials were still imported in

Answer 24

33%

Question 25

What happened in regards to resources with the outcome of the 4 year plan

Answer 25

They did not have enough to fulfil the targets and they were diverted away from the war industry to cover consumer goods