levo

Germany 1919–45

Schacht, Göring and the Nazi economy 1933–39

  • 3 things to know
  • AS Unit 1

Overview

Mefo bills, central aim of the Four Year Plan and göring's role in the Four Year Plan.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

How did the New Plan change Germany's trading partners?

Numbers

Why did Schacht resign?

Evaluation

How successful was the Four Year Plan by 1939?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What positions did Schacht hold in the Nazi economy?

    Model answer

    Schacht was made President of the Reichsbank in March 1933 and Minister of Economics in August 1934, and until 1937 he directed German financial and trade policy.

  2. 2

    What were Mefo bills?

    Model answer

    Mefo bills were credit notes issued through a dummy company and guaranteed by the state, which allowed the government to pay for rearmament without the spending appearing in the budget or in the money supply figures.

  3. 3

    Describe the work-creation schemes of 1933–36.

    Model answer

    The regime funded road building, public works and housing repair, made labour service compulsory for young men in 1935, and encouraged women to leave the workforce through marriage loans.

  4. 4

    How did the autobahn programme serve the regime?

    Model answer

    Todt's motorway programme employed large numbers of men on visible national projects, advertised Nazi energy and modernity, and produced roads of military as well as civilian value.

  5. 5

    How far did unemployment fall by 1939?

    Model answer

    Registered unemployment fell from around six million at the start of 1933 to about 1.6 million in 1936 and under a million in 1937, and to virtually nothing by 1939, though the figures were flattered by excluding Jews, women and conscripts.

  6. 6

    State the main aims of the New Plan of 1934.

    Model answer

    The New Plan gave the government control of all imports and foreign exchange, so that scarce currency went to raw materials for rearmament rather than to consumer goods.

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Every question in Germany 1919–45, on a schedule.

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