Nazi Economic Policies Quiz
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Questions and Answers

What were the outcomes the Nazis wanted to achieve through economics?

  • Market deregulation, foreign dependency, and inflation
  • Social equality, international cooperation, and labor rights
  • Economic stability, an end to unemployment, and Autarky (correct)
  • Industrial revolution, global dominance, and technological advancement

    • How did the Nazis initially seek to achieve economic stability?

  • Nationalizing all industries and increasing government spending
  • Banning trade unions and freezing workers' wage rates (correct)
  • Implementing progressive taxation and workers' rights protection
  • Encouraging labor strikes and wage negotiations

    • Who did the Nazis appoint as President of the Reichsbank in 1933 to reassure the business community?

  • An academic with no prior experience in finance
  • Hjalmar Schacht, a respected banker (correct)
  • A union leader with a background in economics
  • A foreign economist with radical ideas

    • What impact did banning trade unions and freezing workers' wage rates have on business interests?

    <p>They greatly benefitted business interests</p> Signup and view all the answers

    What role did Hjalmar Schacht take on in 1934?

    <p>Minister for Economics</p> Signup and view all the answers

    What did the Nazis prioritize as their first goal in economics?

    <p>Economic stability</p> Signup and view all the answers

    How did the Nazis aim to achieve Autarky?

    <p>By reducing reliance on imports and developing domestic resources</p> Signup and view all the answers

    What was the significance of appointing Hjalmar Schacht as President of the Reichsbank?

    <p>It reassured the business community of continuity and no radical changes</p> Signup and view all the answers

    What did the Nazis do to calm fears within the business community?

    <p>They made it clear that they first sought to achieve economic stability</p> Signup and view all the answers

    What did the Nazis ban as part of their initial actions towards economic stability?

    <p>Trade unions</p> Signup and view all the answers

    How did the appointment of Hjalmar Schacht impact the business community?

    <p>It reassured the business community that no radical changes were imminent</p> Signup and view all the answers

    What was one of the defining features of the Nazis' economics?

    <p>State investment in public projects and businesses</p> Signup and view all the answers

    What was the primary goal of state investment according to the Nazis?

    <p>Stimulate demand for goods and expand income</p> Signup and view all the answers

    What was the purpose of the work-creation schemes initiated by the Nazis?

    <p>To reduce unemployment and stimulate the economy</p> Signup and view all the answers

    What was the concept promoted by Schacht's 'New Plan' in September 1934?

    <p>Autarky</p> Signup and view all the answers

    What was the purpose of achieving autarky according to the Nazis?

    <p>To make Germany less vulnerable to fluctuations in the world’s economic situation</p> Signup and view all the answers

    What was the main focus of the state investment and control policy of the Nazis?

    <p>High-employment areas from agriculture to small businesses</p> Signup and view all the answers

    What was the primary goal of the Nazis' policy of increasing state investment?

    <p>Lift Germany out of economic recession</p> Signup and view all the answers

    What did the Nazis heavily invest in to reduce unemployment?

    <p>Projects that would require large amounts of labor</p> Signup and view all the answers

    What was the concept of autarky promoted by Schacht's 'New Plan' in September 1934?

    <p>Economic self-sufficiency</p> Signup and view all the answers

    What was the purpose of achieving autarky according to the Nazis?

    <p>To make Germany less vulnerable to fluctuations in the world’s economic situation</p> Signup and view all the answers

    What was one of the defining features of the Nazis' economics?

    <p>State investment in public projects and businesses</p> Signup and view all the answers

    Study Notes

    Nazi Economic Objectives

    • The Nazis' primary goal in economics was to achieve autarky, or economic self-sufficiency.

    Initial Economic Reforms

    • The Nazis initially sought to achieve economic stability by banning trade unions and freezing workers' wage rates, which benefited business interests.
    • In 1933, the Nazis appointed Hjalmar Schacht as President of the Reichsbank to reassure the business community and calm their fears.

    Hjalmar Schacht's Role

    • In 1934, Hjalmar Schacht took on the role of Economics Minister, promoting his 'New Plan' which aimed to achieve autarky through state investment and control.

    Achieving Autarky

    • The Nazis aimed to achieve autarky through state investment in infrastructure, such as roads and public buildings, and increasing state control over the economy.

    Nazi Economic Policies

    • The Nazis prioritized state investment, with the primary goal of reducing unemployment, and invested heavily in infrastructure projects, such as roads and public buildings.
    • The Nazis' work-creation schemes aimed to provide jobs and stimulate economic growth.
    • The main focus of the state investment and control policy was to achieve autarky and reduce dependence on foreign trade.

    Defining Features of Nazi Economics

    • One of the defining features of the Nazis' economics was the emphasis on state investment and control over the economy.

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    Description

    Test your knowledge of Nazi economic policies and goals with this quiz. Explore how the Nazis aimed to achieve economic stability, end unemployment, and pursue autarky. Delve into the economic strategies and outcomes of the Nazi regime in the 1930s.

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