Nazi Germany's Economic Policies Quiz

The German economy showed a sharp decline in unemployment from 1929 to 1933, followed by a very sharp decline in unemployment right down to the outbreak of the war. In 1936, the Nazi party implemented a four-year plan with Hermann Goering in charge, moving towards much more overt state direction of the economy.

Faced with the crisis in 1936, the Nazi party and leadership became more radical and implemented a four-year plan with explicit war-oriented goals, leading to much more state direction of the economy.

The economic difficulties were related to a more reckless foreign policy and aggressive foreign actions, as Hitler was aware that time was running out economically and had to act quickly. The economic philosophy of the party and war were closely connected.

<p>The economic philosophy of the party and its plan explained the plundering of foreign countries, the geostrategic goals, and the decision to attack the Soviet Union, rather than any explicit ideological conflict.</p> Signup and view all the answers

<p>The first was the systematic looting of occupied countries. The second new development is not provided in the given text.</p> Signup and view all the answers

<p>Hermann Goering was put in charge of the four-year plan in 1936, which involved much more overt state direction of the economy and was explicitly war-oriented.</p> Signup and view all the answers

<p>Hitler's foreign policy became much more aggressive as the economic difficulties increased, and it has been argued that this was due to his awareness that time was running out economically.</p> Signup and view all the answers

<p>The economic philosophy of the Nazi party was closely connected to its aggressive foreign policy, as the economic difficulties led to a more reckless foreign policy and aggressive actions.</p> Signup and view all the answers

<p>In 1936, German firms were given much less ability to refuse to do what they were told, and there was a much more explicit set of state targets and state direction of the economy put in place.</p> Signup and view all the answers

<p>The reason for the shift was the severe economic difficulties faced by Nazi Germany from 1936 onwards, which were almost certainly related to its more reckless foreign policy.</p> Signup and view all the answers

<p>The economic difficulties led to a shift towards much more overt state direction of the economy with war-oriented goals, and a more reckless and aggressive foreign policy.</p> Signup and view all the answers

<p>Germany suffered severely during the Great Depression, with high unemployment and insolvency of major firms.</p> Signup and view all the answers

<p>The Nazi Party had a clear economic policy and ideology, aiming to create a hyper-modern, authoritarian, and collectivist economy.</p> Signup and view all the answers

<p>The Nazis aimed for autarky, imposing high tariffs and quotas for imports and encouraging domestic substitutes.</p> Signup and view all the answers

<p>The economic system was intermeshed with the foreign policy and military policy, ultimately linked to the idea of planning and waging an aggressive war.</p> Signup and view all the answers

<p>The Nazi economic system involved privatizing some state-owned enterprises, setting up state-owned enterprises, and directing investment and spending through contracts.</p> Signup and view all the answers

<p>There was a deliberate focus on large firms and heavy industry, with encouragement of cartels and mergers to prevent wasteful competition.</p> Signup and view all the answers

<p>The Nazis opposed universal welfare and established a welfare system based on racial or national grounds, controlled by the party.</p> Signup and view all the answers

<p>They eliminated existing trade unions and replaced them with a single monopoly labor organization, providing welfare benefits and focusing on fitness and public health.</p> Signup and view all the answers

<p>The emphasis on agrarian self-sufficiency was associated with an aggressive environmentalist policy and a focus on rural life.</p> Signup and view all the answers

<p>The Nazis used Mefo bills, a form of highly liquid sovereign debt, to fund rearmament and capital investment. The bills led to severe problems, including inflation and difficulties in financing imports.</p> Signup and view all the answers

<p>By the end of the 1930s, German monetary policy faced a crisis due to rapid and sustained decrease in unemployment, foreign exchange problems, unsustainable national debt, and an economy working at close to full capacity.</p> Signup and view all the answers

<p>The consumer economy in Germany did not recover well due to taxes, higher prices, and the effects of the state's trade policy.</p> Signup and view all the answers

<p>The economic outcomes the Nazis wanted to achieve were economic stability, an end to unemployment, and Autarky.</p> Signup and view all the answers

<p>The Nazis appointed respected banker Hjalmar Schacht as President of the Reichsbank in 1933.</p> Signup and view all the answers

<p>The first actions taken by the Nazis towards achieving economic stability were to ban trade unions and freeze workers' wage rates.</p> Signup and view all the answers

<p>The appointment of Hjalmar Schacht, a banker and economist who had previously helped revive Germany in 1923, helped to create a sense of continuity and reassure the business community that no radical changes were imminent.</p> Signup and view all the answers

<p>The banning of trade unions and freezing of workers' wage rates greatly benefitted business interests, as they could no longer be lobbied for fairer conditions or have to compete with others' wages.</p> Signup and view all the answers

<p>The Nazis wanted to achieve economic stability and reassure the business community through their initial economic policies.</p> Signup and view all the answers

<p>Hjalmar Schacht was appointed as the Minister for Economics in 1934.</p> Signup and view all the answers

<p>The Nazis sought to achieve economic stability by banning trade unions and freezing workers' wage rates.</p> Signup and view all the answers

<p>The Nazis appointed Hjalmar Schacht as President of the Reichsbank to reassure the business community and create a sense of continuity.</p> Signup and view all the answers

<p>The Nazis tried to calm fears within the business community by making it clear that they first sought to achieve economic stability.</p> Signup and view all the answers

<p>The appointment of Hjalmar Schacht, who had previously helped revive Germany in 1923, helped to reassure the business community that no radical changes were imminent.</p> Signup and view all the answers

<p>The Nazi economic policy of state investment aimed to stimulate demand for goods, expand income, and lift Germany out of economic recession. It allowed the Nazi state to slowly take control of industry and was applied across various high-employment areas, from agriculture to small businesses.</p> Signup and view all the answers

<p>The Nazis heavily invested in work-creation schemes that required large amounts of labor, such as the construction of schools, hospitals, and roads. These schemes, along with projects like the construction of the Autobahn system, were successful in reducing the number of unemployed by providing employment to a significant number of people.</p> Signup and view all the answers

<p>The Nazi policy of achieving autarky aimed to achieve economic self-sufficiency, remove dependence on foreign investment, imports, and trade, and be able to produce all that Germany needed within its own country. This policy was aimed at making Germany less vulnerable to fluctuations in the world’s economic situation and more able to sustain a long war.</p> Signup and view all the answers

<p>Schacht's 'New Plan' aimed to achieve economic stability by promoting autarky, which is the concept of economic self-sufficiency. The plan sought to reduce Germany's dependence on foreign investment, imports, and trade, making the country less vulnerable to external economic fluctuations and better able to sustain a long war.</p> Signup and view all the answers

<p>The Nazi state slowly took control of industry by expanding and refining the Weimar Republic's policies of state investment. This allowed the government to spend money on public projects or businesses, stimulating demand for goods and expanding income, ultimately giving the state greater control over various high-employment areas, from agriculture to small businesses.</p> Signup and view all the answers

<p>The key features of the Nazi economic policy of state investment included spending government money on public projects or businesses, stimulating demand for goods, expanding income, and gradually taking control of industry.</p> Signup and view all the answers

<p>The Nazi work-creation schemes aimed to reduce unemployment by heavily investing in projects that required large amounts of labor, such as the construction of schools, hospitals, and roads. These schemes created employment opportunities for a significant number of people, contributing to the reduction of the number of unemployed.</p> Signup and view all the answers

<p>Achieving autarky was aimed at making Germany less vulnerable to fluctuations in the world’s economic situation and more able to sustain a long war. This economic self-sufficiency was intended to reduce the country's dependence on foreign investment, imports, and trade, promoting greater stability in times of economic uncertainty.</p> Signup and view all the answers

<p>Schacht's 'New Plan' promoted autarky by aiming to achieve economic self-sufficiency and reduce Germany's dependence on foreign investment, imports, and trade. This policy was designed to make the country less vulnerable to external economic fluctuations and more capable of sustaining a long war, ultimately promoting economic stability.</p> Signup and view all the answers

<p>The Nazi state gradually took control of industry by expanding and refining the Weimar Republic's policies of state investment, spending government money on public projects or businesses, and stimulating demand for goods and expanding income. This allowed the state to gain greater control over various high-employment areas, from agriculture to small businesses.</p> Signup and view all the answers

<p>The goals of the Nazi state's policy of state investment and industry control were to stimulate demand for goods, expand income, lift Germany out of economic recession, and slowly take control of industry, ultimately exerting influence over various high-employment areas, from agriculture to small businesses.</p> Signup and view all the answers