The Extent to Which the Nazis Achieved an Economic Miracle in Germany between 1933-1939

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The Extent to Which the Nazis Achieved an Economic Miracle in Germany between 1933-1939

Prior to Hitler being appointed Führer of Germany in 1933, the
economic climate had been one of instability given the effects of the
1930 Economic Depression. There is no doubt that the Nazis did improve
the economy, but the extent to which it was a miracle will be examined
in detail throughout this essay. Another important factor to consider
in this study is whether the economic situation had begun to improve
under the Weimar Republic or whether the Nazis were alone solely
responsible for the revival.

In January 1933 Germany had all the features of a depressed economy.
Foreign trade had declined, industrial
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Debate circulates as to what plans Hitler had for the economy when he
was announced as Fuhrer of Germany in 1933. One leading historian
stated that ‘no single unified economic system prevailed throughout
the entire period of the Nazi regime.’ Overy’s ‘The Economic Recovery
1932-38Â’ states that Hitler was opposed to reckless experiment and
instead wished to continue with pre-1932 modest attempts to control
inflation and the expansion of government spending and employment. In
the years before 1933, Hitler had been careful not to become too tied
down to a specific economic policy. Despite his resentment and hatred
of capitalism, political necessitated a certain ambiguity in order to
satisfy the different economic interest groups and gain the support
needed to gain power by democratic means. However, Layton contradicts
OveryÂ’s view stating that in 1932 Hitler began to shift his approach
towards the economy. Firstly, he tried to begin his implementation of
the policy of autarky (self-sufficiency). He envisaged the creation of
trading or economic community under the influence of Germany, which he
believed would rival the other strong economic powers during this
period. (Must develop idea of autarky and exactly what this involved).
Secondly, he turned his attention to what…

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