Nazi Germany - Economy Flashcards
(103 cards)
Describe a problem with the German economy 1933-36
unemployment
- mass long-term unemployment
- approximately 8 million were unemployed in 1933
Describe a problem with the German economy 1933-36
Agriculture
- Agriculture was still in recession
- Farmers wages & incomes fell sharply - many were forced to sell off farms
Describe a problem with the German economy 1933-36
Businesses
- The Great Depression led many businesses to cut production or collapse
- 50,000 businesses went bankrupt
- Union actions & disputes meant the loss of millions of working days
Describe a problem with the German economy 1933-36
International Trade
- Demand for German products abroad was low
- Germany could not afford to pay for imports & preferred to exchange goods
Which 3 actions did the Nazis take against unemployment
- creating jobs
- RAD
- road-building labour schemes
Explain an action the Nazis took against unemployment
-creating jobs
- they created work
- & encouraged businesses to offer temporary work
- for the long-term unemployed
Explain an action the Nazis took against unemployment
-RAD
- RAD (Reich Labour Service)
- set up schemes for unemployed men & women
- providing manual work with basic food/ accommodation
Explain an action the Nazis took against unemployment
-Road building schemes
- created work in both the road industry and other industries like truck building
- which improved communications, like the movement of raw materials and produce
- these industries had 84,000 employees between 1933-35
Which 4 actions did the Nazis take to mitigate issues in agriculture
- import tariffs
- banks
- margarine
- Reich Food Estate (RNS)
Explain an action the Nazis took to mitigate issues in agriculture
-import tariffs
- increased import tariffs on agricultural products making german produce cheaper
Explain an action the Nazis took to mitigate issues in agriculture
-banks
- banks were banned from repossessing farms from farmers in debt,
- to maintain farming produce
Explain an action the Nazis took to mitigate issues in agriculture
-margarine
-made margarine manufacturers put German farmer butter in their product
Explain an action the Nazis took to mitigate issues in agriculture
-Reich Food Estate (RNS)
- regulated food production
- the distribution of farm produce
- set prices & farmers wages
- the RNS would fine companies not following its guidelines
Which 2 actions did the Nazis take to mitigate issues amongst businesses
-aid to small businesses
-Trade Unions
Explain an action the Nazis took to mitigate issues amongst businesses
-aid to small businesses
- The Law of the Protection of retail trade
- banned the building of new stores & the expansion of existing ones
- Nazi propaganda against department stores
Explain an action the Nazis took to mitigate issues amongst businesses
-trade unions
- In response to 1.2 billion workers days lost,
- A singular trade union was announced in 1926 called the German Labour Front (DAF)
Explain an action the Nazis took to aid International Trade
Hjalmar Schact’s “New Plan”
What were the Key features of Hjalmar Schacht’s “New Plan”
- Trade treaties with other countries like Hungary & Yugoslavia which involved exchanging goods & not paying for imports
- Cutting consumption, without introducing unpopular rationing
When was Hjalmar Schacht finance minister
July 1933 to November 1937
Why was Hjalmar Schacht sacked in November 1937
He wasn’t pushing towards autarky enough
How successfully was the problem of unemployment fixed by the Nazis
- Unemployed: 1930 - 14%
1936 - 7.4% - Jews being banned from the civil service and other occupations, which were not included in employment stats
- Women were also discouraged from work, & not included in stats
How successfully were the problems of agriculture fixed by the Nazis
- 1928: German farmers provided 68% of farm produce
- 1934: 80%
- showing a movement towards autarky
- BUT, not everyone welcomed government control of food prices & production
How successfully were the problems of businesses fixed by the Nazis
large businesses
- large businesses which were reliant on exports suffered because of the Law of the Protection of Retail Trade
- In 1934, some retail stores made 80% less than they had in 1929
When was the Law for the Protection of Retail Trade implemented
May 1933