How Succesful Were The Nazi Economic Policies In The Years 1933 1945?

994 words - 4 pages

During the years 1933 – 1945, Hitler and the Nazi party introduced various policies in which impacted the economy, is it necessary to label them all a success? The most successive policy that they announced was those in which was led by Albert Speer, this had a great influence on both the economy and the final stages of war; despite Germany being unsuccessful.
The first policy that was introduced was the “New plan” which was created by Hjalmar Schacht in the year 1933. Schacht intended to reduce imports, reduce unemployment, create agreements with other nations and finally channel the government’s spending. In some perspective, the “New plan” was a success; unemployment had decreased ...view middle of the document...

Another factor that hindered the four year plan was their idea or becoming self-sufficient, in order to do this Hitler needed big businesses to co-operate with the Nazi’s in order to produce their materials for war. Unfortunately for the Nazi’s many businesses refused, they wanted the economy to become stabilized before they invested in rearmament. Due to these factors, the four year plan was without doubt unsuccessful, every policy that was introduced was a failure therefore cannot be seen as an accomplishment. This also interlinks with the New plan, The Nazi’s had failed twice to reduce the amount of imports/exports; this had a great influence on the economy as it meant Germany were exceedingly in more debt, if they had become self-sufficient then they could have focused more on their priority – rearming Germany.

Due to Hitler becoming more impatient, he decided to launch a fresh plan – “The early war”. This meant beginning the war before scheduled, Hitler began with Blitzberg; this was a huge success. Germany gained power increasingly quick, it gave the impression that Germany’s economy had become stabilized therefore they were a potential threat to opposing powers. Contrastingly, there were also negatives of this policy; between the years 1939 and 1941 Germany had doubled the amount of money spent on military – this led to numerous problems, such as the shortage of food. Although the “early war” can be interpreted as successful, many historians believe that the lack of co-operation and Inefficiency were the reasons why Germany lost the war. If Germany had continued to work together throughout the war then they would have had a great chance of victory.

Towards the end of the war, the Nazi’s finally became aware that they were losing therefore introduced one final policy in hope that it would change their economy and their chances of winning the war. This policy was directed by Albert Speer in the early stages of 1944/1945, this was most likely the greatest success...

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