how far do you agree that Schacht was responsible for transforming Germany's economy 1933-39? Flashcards
What are the factors of the question?
Schacht’s new plan/ Goering’s 4 year plan/ Goebbels’s propaganda
Did Germany’s economy improve during Schacht’s time?
yes
When was Schacht’s new plan?
1934
Who was Schacht?
Economist/ Economic minister in 1933
What were Schacht’s aims?
Cut welfare spending/ rearmament/ exchange agreements
Was Schacht successful?
Unemployment reduced to 1.6 million/ Economy grew to pre-depression levels/ Farming production increased by 50%
What were Schacht’s limitations?
Germany was buying more than they were making/ increase in food demands meant higher prices and worsened living standards
When was Goering’s 4 year plan?
1936 - 40
What were the aims of the 4 year plan?
Get Germany ready for war in the four years/ rearmament/ build new factories/ produce military goods/ control agriculture/ have better harvests
What were the limitations of the 4 year plan?
Germany imported over 1/3 of raw materials by 1939
What were the successes of the 4 year plan?
Kept German economy growing/ reduced employment to 0.5 million
