Schacht’s Running of the German Economy In 1933 many problems faced Germany economically, the Nazi party’s main aims were to tackle the serious depression and sort out Germany’s rising unemployment. Germany has poor economic and social organization, Hitler wanted to sort this out so Germany’s economy was geared for War. Another problem was the need to balance deficit payments, the economy needed to recover to increase demand for consumer goods and too bring around re-armament through increased demand of raw materials. The World’s high value market was protectionist and made it hard to increase exports at the time. There was a very real danger of inflation as there was already a growing demand for more money and products. Protectionist trading meant that countries would only trade in there own currency, Germany did not have this foreign currency. Hitler’s priorities were to create more jobs, by starting programs of building homes and motorways for example in 1932, this work was paid for by the state. This all created another problem that I mentioned above, balance of trade deficit. Germany was exporting more than it was importing, in 1934 a new plan was launched that allowed the government strong powers in regulating imports and regulated foreign exchange. The man responsible for this ‘New Plan’ that helped overcomes the immediate trade problem. Schacht was the person whom Hitler put in charge of running the economy in 33, he was once the director of the National Bank in 1916, and in 1923 he was President of the Reich bank. After reading Mein Kampf, he saw Hitler was a savior, he generated funds for the Nazi party, and became as I mentioned economics minister in 1934. Tax concessions to the workers, meant more people wanted to work in these environment. Hitler opened up the unions to any members; this meant that the economy was stimulated by worker independence and confidence. Hitler extended a lot of public work schemes such as in 1932 the building of homes and motorways. As there were now subsidies for hiring more workers in the private sector, this opened up jobs as
In late 1923 and early 1924 the German economy seemed to experience a mild period of economic stabilisation and "prosperity". In November, the government issued a new currency and ensured that tight restrictions were imposed. The economy was further stimulated by loans principally from the USA. However despite all this there simultaneously, was increasing numbers of unemployed persons. A well cited example of this is the coal mining industry where the introduction of more efficient machinery meant that one in four miners lost their jobs. No doubt that increased unemployment meant that the German population grew increasingly discontent with the Weimar government and this is the beginnings of the swing towards more radical political voting. Hitler knew that he had to have attractive political policies in order to attract a greater pool of voters, looking for alternative parties, and he recognized a possible solution to this was to attract the attention of the farming and rural community. The Nazi Party took this opportunity quickly and campaigned hard to win over the votes of the farmers and rural workers by promising tax reductions, cheaper electricity and a promise to rebuild the farming industry. "The peasants, the Nazis said, were of true German blood and their life was the true German life. They had shamefully been neglected by the Weimar Republic." Hitler told the people of the land that under a Nazi Government, rural people would be the most important people in Germany. The rural Germans were on the brink of bankruptcy, constituting approximately 11 Billion marks by 1932. The Nazi's promise of a return to rural prosperity was too good for them to resist. Yet this adoption of the rural Germans also proved useful in another sense because it allowed the Nazi party to use the Jewish people as a scapegoat towards the problems faced by the rural Germans.
1934. By the end of 1935, GNP in real terms had reached the level of
This investigation will address the research question, to what extent was Germany’s post-World War I economic depression a causal factor in Hitler’s rise to power from 1919 to 1934? With the Treaty of Versailles, the German government was required to pay 132 billion gold marks of war reparations, drastically worsened with the US Wall Street crash. This effectively crippled the German economy and created a desperate people. For this investigation, Hitler’s private life history and pre-military career will not be analyzed. His political rise will be examined from the perspective of economic and social factors. Several primary sources will be explored, including the Hitler’s Mein Kampf and Hitler’s 25-Point Program. In addition, tertiary sources covering Hitler’s non-personal life and rise to power will be studied.
was already hard to find and the sudden multitude of workers caused wages to be
Hitler was superb at convincing people to believe everything he said. He promised the people a roast in every pot, security, and many more things. By promising the people security that meant that he would keep them all safe and that he can do a better job than anyone else. Adolf Hitler increased in support from bankers and industrialists. So, pretty much he had most of the people who had higher power on his side durning this time period. The the united States stock market crasedd in October 1929 unemployment in Germany quickly rose to over six million. This opened another window for Hitler to get more peoplewho thought that they had nothing and their life was over to side with him. President Hindenburg did not want for Hitler to become the chancellor so instead he appointed Von Pappen but, Adolf Hitler did not agree nor did the Nazi's. hitler eventually did become the chancellor on January 30th, 1933 Hitler then banned all political parties. In 1934 the president died and Adolf Hitler forced his way into power. Now that he was the president he can change anyhting that he wants.
One of the key criteria of a totalitarian government is that there is complete control over the economy. However, within Nazi Germany there was never all-encompassing state ownership over the economy. In fact, Hitler never placed importance on the ‘socialist’ aspect of NSDAP ideology. He did not believe in state ownership or redistribution of wealth, and he allowed capitalism and big business thrive in the Third Reich, as they were necessary for the revitalisation of Germany’s economy. Moreover, the Nazi State was not the extremely rigid political structure it appeared to be. While, Hitler himself was very secure in his position as Fuhrer, below him the political structure was quite chaotic. In terms of government agencies, there was not much direction from the top, as they were instructed to interpret the will of the Fuhrer and then enact it. Moreover, there was a large amount of overlap and inefficiency, while solidifying Hitler’s position, generally weakened the ability to rule over people. Finally, below Hitler, there was a lot of infighting in attempt to gain greater power and favor from Hitler. Similar to the inefficiencies created by overlap, this created inefficiency and weakened the ability to have totalitarian
The main reason was that people were discomposed that Germany had lost a war and most of the people blame for the defeat. On the other hand, during 1929-1933, the worldwide Great Depression, which impacted Germany, and there was no leader of Weimar could solve the economic problem.
There were various factors that contributed to the failure of the Weimar Republic of Germany and the ascent of Hitler’s National Socialist German Workers Party into power on January 30, 1933. Various conflicting problems were concurrent with the eventuation of the Republic that, from the outset, its first governing body the socialist party (SPD) was forced to contend with.
The Collapse of Weimar and the Rise of Hitler In 1919, a defeated Germany was forced to abandon government under the Kaiser, who had fled to Belgium and adopt the Weimar, a democratic but flawed system. Soon after Hitler and the Nazi Party appeared, and years later the Weimar Republic fell. What accounted for the fall of the Weimar? My essay will prove that there was not a single reason,
due to a couple of reasons. The most important one was the fact he was
Adolf Hitler came to power on February 28, 1933 (Rossel). He rose to power using inflammatory speeches and inspiring hope for the defeated Germans. He constructed a system to empower the German people and allow them to thrive in the period after the Great Depression (Noakes). Using keen acumen and decisive moves, he was able to turn Germany into a war machine bent on the creation of an Aryan utopian society, at the cost of all inferior races, especially the Jews ("The Period between 1933 and 1939"). At this time Germany was a defeated country. They had recently had numerous humiliating defeats in WWI, and the Germans no longer had the pride they once had celebrated (Laurita). Augmented by the fact that the Great Depression had ravaged the country and left many in a state of penury and impoverished, the Germans were desperate. As well, Germany was currently a country without any source of stability without a generally supported constitution. When Hitler promised a utopian society filled with hope and where the Germans would be exalted as the superior race, the Germans listened and obeyed his every word (Noakes). Hitler fed on the desperation and hopelessness of these German people to make a society driven by fear; this state of pity allowed Hitler to convince the Germans that he could provide a better future.
In the 1920's, Germany encountered a great mired in an economic depression. Millions of citizens suffered hunger and many remained out of work. The national spirit of the once-proud people became low. The Germans became enraged by their loss of World War I and stood humiliated by the terms they had to accept in 1919 the treaty of Versailles. The War had a destruction of millions of deaths. Germany had to give up territory, slash its military, and pay billions of dollars in reparations for the damaged it caused during the war. Hitler used his nation's despair and humiliation as fuel for a new political monument, which took shape as the Nazi party (Schoenbaum 8).
...After we consider all these points mentioned we begin to see how everything worked and connected to form one huge disaster for Germany. We start to see how all these things played a part, the reparations led to unemployment that led to no money that led to overprinting of money. How the huge consequence of the reparations led to the unsuccessful paying of it leading to the French invasion of the Ruhr which led to strikes and therefore no products to trade with. How the unstable Weimar government led to extremist parties that damaged the economy further and brought inflation to its highest. The effects were probably the worst, the starvation coupled with the disease epidemic that killed people off and the worthless tonnes of paper notes roaming around the nation. It all in all was a very bad time in Germany one that they always found it hard to recover from.
The unemployed and underemployed had been left to find work themselves
Evaluating the View that the Depression Was the Main Reason Why Hitler Was Able to Become Chancellor By 1933