Economic policies of the Nazis

What was the greatest significance regarding economic policy?

The direct spending by the state on a range of investment projects.

What was renewed in June 1933?

The ‘Law to Reduce Unemployment’ was renewed and expanded (from a scheme originally started by Papen).

What was introduced to employ 18-25 year olds?

The voluntary labour service.

What was established in 1935?

RAD (National Labour Service).

Set up when compulsory military conscription abolished.

What did the RAD require?

Men to serve 6 months of unpaid work - mainly in military conscription projects - before joining the forces for military service.

What were the main focuses of investment?

Rearmament, construction and transportation.

How many Reichsmarks were put into total public investment in 1933?

2.5 bn Reichsmarks.

How many total Reichsmarks went to public investment in 1936?

8.1 bn.

What was total government expenditure in 1928 compared to 1936?

• 11.7 bn Reichsmarks.

• 15.8 bn Reichsmarks.

What was the result of this growth in expenditure and public investment?

Dramatic growth in jobs.

How many people were unemployed in 1932 in comparison to 1936?

1932 - 6 million.

1936 - 1.6 million.

Who were these policies welcomed by?

German people out of work.

Even in 1936, what was the case with the government deficit?

The deficit did not fun out of control, since Schacht maintained taxes at a relatively high level and encouraged private savings in state saving banks.

What is difficult to believe about this economic turnaround?

That it would have been achieved without Nazi economic policy.