INTER WAR YEARS 1919 TO 1939
NAZISM IN GERMANY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
create an autarkic economy
|
|
|
reduce unemployment
|
|
|
stabilise German currency
|
|
|
control of labour force
|
Detailed explanation-1: -Dr Schacht, Hitler’s first Minister of the Economy, established his New Plan in 1934, with the aim of getting Germany out of economic depression .
Detailed explanation-2: -Hitler assigned the economist, Hjalmar Schacht to recover the economy. Schacht proposed more production and more employment. He suggested a state-funded work-creation programme. The famous German superhighways and Volkswagen referred to as the people’s car is a product of this project.
Detailed explanation-3: -Hjalmar Schacht was an German Economist, politician and Banker. But he was famous as a founder of the German Democratic Party.
Detailed explanation-4: -When the Nazis came to power the most pressing issue was a 30% unemployment. The economic policies of the Third Reich were in the brainchild of Hjalmar Schacht, who was president of the central bank under Hitler, and became finance minister in the following year.