With what justification did the Nazi regime claim to have achieved an economic miracle in Germany by the end of 1938?

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Barrie Panayi

        With what justification did the Nazi regime claim to have achieved an                        economic miracle in Germany by the end of 1938?

The nazi economy by the end of 1938 did show some signs of a ‘economic miracle’ by the economy being more secure in 1938 than in earlier years “1938 GNP=105 RM billions 1935=74 RM billions". This exemplified that the German economy was achieving in this sense a ‘economic miracle' because this demonstrates that the gross national product of the economy had increased. Although this is true the economy was still not what Hitler wanted it to be, he wanted “fulfilment of the task”(Hitler speech, Decree on the execution of the four year plan) which was the four year plan and this was not provided in the way that was outlined by the plan with its goals, which were mainly in production of German

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 Raw materials but also in distribution of raw materials, the labour, agriculture production, price supervision, and foreign exchange matters. Most of the goals were undershot and by this you can tell that the German economy hadn’t quite achieved the miracle that it had set out to accomplish.

        Hitler believed that war was “inevitable” (Hite and Hinton) so he thought that the economy should be geared mainly towards rearmament but the man in charge of the economy in 1936 was Schacht and he favoured boosting exports and not so fast a rearmament because he recognised that a “war economy in peacetime ...

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