New+Plan+-+Hjalmar+Schacht

New Plan: Hjalmar Schacht
 * DEFINITION**
 * Schacht was appointed by Hitler in 1934 to be the Minister of Economics
 * tried to alleviate unemployment
 * German's plan to try and achieve autarky (economic independence) Sept 1934
 * Germany was in debt during Great Depression but continued to borrow raw materials in which they planned to pay back in Reichmarks so deficit would not become worse
 * Mefo bills (to secretly build army using money that would be paid back later)
 * Help's Hitler Rise?**
 * This will include the 'beneficiaries' in Germany, they unemployment who found jobs because of the 'New Plan'
 * Able to build an army because of Mefo bills to promote security in Germany
 * Result in better economy so people would not rebel