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
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?