INTER WAR YEARS 1919 TO 1939
NAZISM IN GERMANY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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printing new currency
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building up the German military
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conquering new colonies in Africa
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None of the above
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Detailed explanation-1: -As the Nazi government faced budget deficits due to its military spending, privatization was one of the methods it used to raise more funds.
Detailed explanation-2: -Hitler’s government also put in place several new plans that would put Germans back to work. In 1933, the government announced two Laws for the Reduction of Unemployment, devoting millions of marks to encouraging the creation of new businesses and funding public-works construction projects, such as the highway system.
Detailed explanation-3: -A depression is a severe economic downturn that forces businesses to decrease production and lay off workers. Germany felt the effects of the depression almost immediately. By 1932, 6 million Germans were unemployed in a nation of about 60 million people.
Detailed explanation-4: -With too much printed money in circulation, the value of the German Mark fell. As a result, prices of goods soared. The image of Germans carrying cartloads of currency notes to buy a loaf of bread was widely publicised. This crisis came to be known as hyperinflation.