The Economy of Nazi Germany

Paper Summary:

This paper looks at Nazi Germany's attempts at the economic recovery of the nation. Hitler's priorities concerning the economic recovery of Germany, programs initiated by Nazi Germany to stimulate the economy, and the principles of Hitler's four-year plan are discussed in this paper.

From the Paper:

"In the early 1930's, Germany was plagued by unemployment and stagnant growth despite efforts by the administration to alleviate the country's economic difficulties. The economic liberalization of the banking system was one of few cautionary steps taken by administrations prior to Hitler to boost Germany's failing industries. This all changed following the Nazi rise to power; two notable banking acts passed in 1934 and 1936 effectively converted the banking system into Hitler's personal lender, allowing him to replace commercial borrowing with the various savings institutes that would allow him to re-build the German army. In this period, wages were frozen and the armaments business boomed, while individuals suffered as wages were frozen at their pre-Hitler-era rate. Meanwhile, the government was able to continue to borrow money from Germany's savings banks to contribute to the building of the military."

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