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 1932-38’ 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 Overy’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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