17.2.7

Nazi Economic Policy - Costs & Benefits

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Nazi Economic Policy - Costs and Benefits

Self-sufficiency (autarky), Rearmament and Employment were the main focuses of German economic policy.

Illustrative background for German businessesIllustrative background for German businesses ?? "content

German businesses

  • Overall, large business owners and farmers benefitted the most.
  • Large businesses benefitted from investment and new opportunities in rearmament (building up supply of military weapons).
  • Large businesses could exploit (treat unfairly for others’ benefit) workers because the Nazis had got rid of trade unions.
Illustrative background for German workers and farmersIllustrative background for German workers and farmers ?? "content

German workers and farmers

  • Unemployment was reduced from 5 million in 1933 to 0.3 million in 1939.
  • The average weekly wage rose by around 25% between 1932 and 1939.
  • Work creation schemes improved transport, services and homes.
  • Some farmers received a higher income from increasing food prices and subsidies.
Illustrative background for Costs of Nazi economic policyIllustrative background for Costs of Nazi economic policy ?? "content

Costs of Nazi economic policy

  • While the Nazis emphasised that the average worker’s life improved, the workers probably didn’t see much difference in day to day life.
    • The cost of food increased. This meant they did not feel the increase in wages.
    • Working hours increased from 1936 onwards.
    • If a worker complained about working conditions, they would be ‘blacklisted’. This means they would struggle to find employment.
    • The four-year plan led to food shortages.

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