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46 Cards in this Set
- Front
- Back
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What was Autarky? |
A policy of economic self-sufficiency |
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What was Wehrwirtschaft? |
A defence economy geared towards the needs of a future war |
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What was the period of 1933-1936 primarily concerned with? |
Recovery |
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What was the period of 1936-1939 primarily concerned with? |
Rearmament |
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Who was made economics minister in 1934? |
Hjalmar Schacht |
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What was the name of Schacht's economic plan? |
The New Plan |
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How did the repression of Trade Unions help the economy? |
This restored confidence in businesses |
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How did the Nazis stimulate the economy? |
1. Extended the public works scheme 2. Gave tax concessions and special grants 3. Subsidies for hiring more workers in the private sector 4. Growth in jobs in government bureaucracy |
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When did Hitler issue a law authorising the construction of Autobahn? |
27 June 1933 |
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How many kilometres of road had been completed by 1938? |
3,500 |
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How many men were working on the construction of Autobahn by 1935? |
125,000 |
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What was the reduction in foreign car sales in Germany? |
40% of all sales in 1928 to below 10% by 1934 |
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What was the increase in the number of passenger cars between 1932 to 1936? |
From around 500,000 to around 1,000,000 |
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What proportion of the population had a motor vehicle by 1938? |
One car to every 44 inhabitants |
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What were Mefo bills? |
Credit notes guaranteed by the government used to fund arms expenditure |
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What was the name of the company set up that gave out Mefo Bills? |
Metallurgische Forschung |
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How many Mefo bills had been paid out by 1937? |
12 billion |
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What did the Mefo bills allow the government to do? |
Disguise arms expenditure |
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Who was the leader of the German Labour Front? |
Robert Ley |
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What was the working week increased to? |
72 hours from 60 hours |
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What was the KdF? |
An organisation that took care of worker's leisure time? |
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What did the KdF set up a hire purchase scheme for? |
A Volkswagen Beetle |
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How many people were unemployed in 1932? |
5.6 million |
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How many people were unemployed in 1933? |
3.7 million |
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How many people were unemployed by 1938? |
0.2 million |
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How many youths were taken off the unemployment register in 1934? |
400,000 |
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Why were all 18-25 year old males removed from the unemployment register in 1935? |
Conscription was introduced |
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Why did Germany face economic problems by 1934? |
Germany was importing much more than it was exporting and gold and foreign currency reserves were running low |
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What was the 1934 New Plan? |
A policy devised by Schacht to resolve Germany's economic problems in 1934 |
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What did the New Plan entail? |
Government regulated imports, Schacht made a serious of bilateral trade agreements with the Balkans for the exchange of food and raw materials eliminating the need for foreign currency? |
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Was the 1934 New Plan a success? |
Yes. The immediate balance of trade problems were overcome |
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Who was put in charge of the office of the Four-Year Plan in 1936? |
Hermann Göring |
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What was the name of the conglomerate founded by Göring? |
Reichswerke Hermann Göring |
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After 1936 what was Germany's economy firmly focussed on? |
Rearmament |
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What were Ersatz? |
Substitute products developed in order to reduce Germany's dependency on foreign imports |
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What was oil produced from? |
Coal |
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How many tons of coal did it take to produce 1 ton of oil |
6 |
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By 1939 what fraction of Germany's raw materials were still being brought in from foreign imports? |
One-third |
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When it became clear that Germany could not be self-sufficient alone what new policy developed? |
One of conquering other countries for their resources such as Austrian iron and Russian grain |
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How many billion RM were being spent on rearmament in 1928? |
0.7 |
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How many billion RM were being spent on rearmament in 1938? |
17.2 |
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What was Germany's military expenditure as a percentage of GNP in 1938? |
17% |
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What was the USA's military expenditure as a percentage of GNP in 1938? |
1% |
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Why was Germany facing a potential economic crisis by 1939? |
The drive for rearmament was causing a lot of strain on the economy and to consider at the current rate would have required considerable domestic sacrifices in terms of wage reductions, food shortages and conscription of female workers |
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What was Germany lacking by 1939? |
Labour and raw materials |
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When was Schacht sacked as Economics Minister? |
1937 |
