• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

What were Hitler's economic aims and how successful was he in achieving them?

Extracts from this document...


What were Hitler's economic aims and how successful was he in achieving them? The question asks about Hitler's aspirations concerning finance and employment. It will be answered by looking at Hitler's aims along with his two 4year plans. The first of Hitler's aims saw him intending to spend money on public works in order to provide jobs and therefore stimulate the economy. Secondly, with war in mind Hitler was focused on Wehwirtschaft which geared the economy towards preparing for war. Also with war I mind, Hitler strived towards a policy of autarky in the hope that Germany would become economically self-sufficient and therefore not needing to rely on imports from other countries. In addition to this autarky would free Germany from world trends meaning that it would not be affected by the rise and fall of economy and suffer from factors such as depression. However, Hitler's economic ambitions were deliberately vague in order to appeal to as many as possible and his aims fell second to politics as they were simply designed to bolster political power. ...read more.


However Germany was faced with a balance of payments deficit meaning that more money was being spent than was being earned. In order to combat this, the New Plan gave the government control of trade and currency. Priority was given to imports needed by industry and barter agreements were reached with other countries in order to avoid spending. Germany was able to create a common market (Grossraumwirtschaft) by buying foreign goods with marks meaning that countries must then buy in Germany in order to spend the marks. Mefo bills were also a fundamental part of the re-inflation of the Germany economy under Schact. A Mefo bill was a credit note issued by the Government of Nazi Germany, from 1934 on, under a company named 'Metallurgische Forschung' (MEFO.) The first four year plan was successful in that production rose and a trade surplus was in operation in that Germany was exporting more good than were being imported. ...read more.


However a state of autarky was not reached as Germany was still importing 30% of all goods. Another disadvantage of the four year plan was that peasant farmers were protecting meaning that they were preventing the development of large, modern and more efficient farms. Ersatz was a further failing as the substitute goods created such as coffee, rubber and petrol were of poor quality and because goods were scarce, prices increased. Within Germany big businesses were squeezing out smaller ones which was undemocratic and German business also forced loans. Rearmament was slower than expected and some policies contradicted others, for example the government wanted everyone to work together for autarky but at the same time they expected women to stay at home and have children. In conclusion Germany did not become anymore dependant on imports than it originally was, however the country was not geared for full-scale war. The economic situation in Germany meant that they could not afford both "guns and butter" meaning that citizens could not enjoy a high standard of living aswell as preparing for total war. Hannah Reynolds 13 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Retailing In India - A Government Policy Perspective

    Supply Chain Improvement: Retailing is a front-end industry. It is just one chunk of the complex supply chain that starts right from the manufacturing center/farm and covers the last mile delivery to the end consumer. Therefore, FDI investment would drive the growth in the entire supply chain.

  2. Case Study: The Home Depot

    According to the information we found (slightly outdated; 1999) the home improvement industry is still in its booming stage. The market structure shifted around 1999 from monopolistic to oligopoly. A monopolistic market is a market in which many buyers and seller trade over a range of prices rather than a single market price.

  1. Causes of the Great Depression

    Without a car people did not need fuel or tires; without a radio people had less need for electricity. On the international scene, the rich had practically stopped lending money to foreign countries. With such tremendous profits to be made in the stock market nobody wanted to make low interest loans.

  2. To what extent was Nazi economic policy ideologically driven?

    risk of alienating any social or economic group by putting forward specific proposals at this stage. This is this is a fine example of Hitler having another driving factor behind his policies, namely to appeal to the nation rather than complying with ideology.

  1. Free essay

    business aims

    The types of people that visit the shop are mixed ethnicity that live all in the local area. These people are very happy with the help they get in the shop. Khera Doaba Stores has a lot of competition with other stores, which are about 5 to 10 minutes away.

  2. Was the Marshall Plan the cause for the successful economic recovery in post war ...

    whether over the long term this policy indeed benefited Germany or mainly the Americans and their allies in their struggle against communism during the years of the cold war. We must also closely examine the Marshall Plan in order to prove that its contribution was not the exclusive or not

  1. Liberalization: where it has lead us and where it is headed

    As for the venture capital, according to estimates published a couple of years ago in the Asian Venture Capital Journal, the pool of venture capital in India-specific funds is the lowest in Asia except for Pakistan. It is the lowest on a per-capita basis-which one might expect-but it is also

  2. Marketing Plan: Handywares Plc.

    High profile competitors and partnerships Despite operating in different ways Tupperware is a competitor for Handywares and some sort of market or product differentiation will need to be designed. Betterware are also currently developing a partnership with Avon and this could lead to direct competition in the area.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work