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AQA AS Level History - The Nazi Economy
Terms in this set (17)
Name 3 economic points of the original 25 points?
Profit sharing in large industrial enterprises, development of insurance for old age, nationalisation of all businesses
What was deficit funding?
Spending government money on public works to stimulate the economy through employment and production
What was the wehrwirtschaft?
The defence economy. Referred to a total war economy. This was to prevent a long war on both sides.
What was meant by total war?
Entire economy geared towards wartime goods such as tanks and rifles.
What was autarky?
A country that is totally independent and can provide all the goods it needs
How long was Schacht of the German economy?
Name some of the public works invested in in June 1933?
Reforestation, land reclamation, motorisation and construction of autobahns, construction of housing and public buildings
What was the total public investment between 1933 and 1936?
1933 - 2.5 billion RM, 1934 - 4.6 billion RM, 1935 - 6.4 billion RM, 1936 - 8.1 billion RM
Name some points of Schacht's New Plan?
Bilateral trade treaties with Balkan areas, RM only used to buy back German made goods from foreign countries, Mefo bills to be used in place of credit notes
What were mefo bills?
Government issue credit notes, used as payment for goods, 4% interest per year, cleverly disguised government spending
Point out 3 successes of Schacht?
Unemployment went down by 1.5%, industrial production up by 60%, GNP grew by 40%
What was meant by 'guns or butter'?
Term used to describe German economic values. More focus on armaments against luxuries
Outline Goering's four year plan?
To regulate imports and exports allowing the prioritisation of strategic sectors. To control key sectors of the labour force. To increase the production of raw materials. To develop artificial oil from coal and rubber from buna. To basically prepare Germany for war D:
Was the four year plan a success?
somewhat. It only achieved its target for explosives production. Most of the other targets were just too far out of reach but oil production was rubbish as it only reached half way.
What did B. H. Klein describe the four year plan as in 1950s?
He claimed that these policies were deliberately connected to blitzkrieg and a short term war in Europe. It was to avoid a long, drawn out war. Claimed hat the defeat of Stalingrad was the economic turning point of the war.
What did Millward think of the four year plan?
Milward believed that blitzkrieg was designed to avoid total war, like Klein, however he pointed out that no nation had spent so much in preperation for war before this. The German failure to take Moscow in '41 wwas the turning point of the German economy.
What did Mason believe about the four year plan?
Mason felt that Hitler's desires to expand the arms production would have expanded it too fast and may have put too much stress upon the economy resulting in a massive collapse of German economic standings as well as discontent among the working class. Mason also claimed that Hitler embarked on the war in order to solve this economic dilemma.
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