1. What are the features of a successful economy?

2. The Nazi economy Recovery (1933-6) Rearmament (1936-41) Total War
(1942-5)
Schact
Policies
Problems
Goering
Policies
Speer
Problems

3. How successful was the economy 1933-39?
Very Hardly
Unemployment reduced from 6m to 200k

4. Recovery, 1933-36 Public works Tax concessions and grants
Groups pressurised
RAD
Conscription
Mefo Bills

5. Public Works Huge government funding for Public Works
These included autobahns, homes, schools, hospitals etc. Some of this begun in 1932
Quickly reduced unemployment – use of manual labour instead of machines
Great propaganda opportunities
Provided orders for private companies
Low wages
Increasing government debt

6. Incentives: Taxes and Grants
Newly married couples paid less taxes
Cash and tax bonuses for mothers
Companies given subsidies for hiring more workers

7. Groups
Women removed from public sector employment and encouraged to be mothers, wives etc.
Jews removed from public service jobs (doctors, lawyers etc) by Nuremburg laws of 1935
Trades Unions banned – prevents strikes and workers’ demands
German Labour Front – RAD
Removed young men from unemployment (400k in 1934) for public works
Conscription from 1935 took all men for two years

8. Hjalmar Schacht with Hitler
Finance
Balance of Trade
Imports to be approved by the government
Trade agreements with Balkan states (include barter rather than cash)
Mefo Bills
A credit note issued by the government
Given to companies in exchange for goods/services
Repaid in cash, plus interest, after five years following tax income
Increased debt
Disguised military expenditure
Hjalmar Schacht with Hitler

9. Nazi Economic Policies 1933-36
Aims Policies Success?