Nazi Economy   General Presentation
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Nazi Economy General Presentation

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Nazi control of German economy-brief.

Nazi control of German economy-brief.

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  • 1.  starter activity German worker, speaking in 1985, explaining why he joined the Nazis in the 1930s. What does this tell us about the economy & the reasons why people supported the Nazi regime? I was unemployed for many years. I’d have made a pact with the devil to get work. Hitler came along and got me work, so I followed him.
  • 2.  
  • 3. Key points: 1.How successful was Nazi economic policy? 2. How were major areas of the economy organised during the Third Reich?
  • 4. Agriculture
    • Government measures to reduce high food prices & debts
    • Production from agriculture overall fell as Nazis concentrated on industry.
  • 5. Industry
    • Industry brought under state supervision (Reichsgruppe for Industry)
    • State controlled resources, but industry remained largely privately owned
    • 300,000 small businesses went bankrupt 1933-1945
    • Nazis used industry for war aims and for providing jobs.
  • 6. Transport
    • Massive investment (3.8 billion Reichsmark per year by 1938)
    • Created huge amount of jobs by upgrading German transport network-often even when it didn’t require it!
    • Built the impressive Autobahns (huge highways that stretched across Germany)
  • 7. Foreign trade
    • Trade with other countries was minimal-Hitler and Nazis focused on autarky (self-sufficiency). They produced a lot of ersatz materials (coffee, bread etc)
  • 8. Was Nazi Economic policy a success?
    • Unemployment dropped quickly 4.8 million in 1933 to 0.5 million in 1938-BUT results were spun to look good (unemployed Jews, foreigners and women were nto included in Nazi stats as they were not considered real , potential workers)
    • Wages rose slightly but were still lower in 1938 than they had been in 1928
    • Working hours went up to 49 hours per week in 1939 – 52 hours in 1943 to over 60 hours per week by 1945
    • There were fewer consumer goods (personal and household goods)
    • Trade unions were replaced by Nazis organisations, “Beauty of Labour” and strength Through Joy” who organised better conditions and leisure activities