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Duck-Citizen (talk | contribs) →framelessframeless Nazi Economicsframelessframeless: Nazis abolished right of private property granted by constitution through state of emergancy, word privatization back then meant transfer of assets to the state |
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'''Economic policies of the Third Reich :''' |
'''Economic policies of the Third Reich :''' |
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*Hitler appointed Hjalmar Schacht, right-wing liberal economist, as President of the Reichsbank in 1933 and Minister of Economics in 1934. Hjalmar Schacht created a scheme for deficit financing, in which capital projects were paid for with the issuance of promissory notes called Mefo bills, which could be traded by companies with each other, and which was vastly used for the Reich's military expansion. He opposed policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. And was resigned as President of the Reichsbank in January 1939. In 1944, Schacht was arrested by the Gestapo. |
*Hitler appointed [[File:Schacht.png]] Hjalmar Schacht, right-wing liberal economist, as President of the Reichsbank in 1933 and Minister of Economics in 1934. Hjalmar Schacht created a scheme for deficit financing, in which capital projects were paid for with the issuance of promissory notes called Mefo bills, which could be traded by companies with each other, and which was vastly used for the Reich's military expansion. He opposed policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. And was resigned as President of the Reichsbank in January 1939. In 1944, Schacht was arrested by the Gestapo. |
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*The Nazis were hostile to the very idea of social welfare, upholding instead the social darwinist concept that the weak and feeble should perish. By the 1930s, the Great Depression had caused mass unemployment in Germany, and it had become politically untenable for the Nazis to write off the destitute as not worth helping. The Nazi regime thus established the NSV as the single Nazi Party welfare organ on 3 May 1933. The NSV wasn’t in fact social welfare, as the Nazis explicitly designed and ran it so that it could be granted only to individuals who could prove their value to the Volksgemeinschaft (the national/racial community). It also restricted its assistance to individuals of "Aryan descent" who met a range of conditions to be deemed worthy of support, officially stating that its aim was to promote "the living, healthy forces of the German people.” The list of those excluded from NSV benefits was composed of "alcoholics, tramps, homosexuals, prostitutes, the 'work-shy' or the 'asocial', habitual criminals, the hereditarily ill (a widely defined category) and members of races other than the Aryan.” |
*The Nazis were hostile to the very idea of social welfare, upholding instead the social darwinist concept that the weak and feeble should perish. By the 1930s, the Great Depression had caused mass unemployment in Germany, and it had become politically untenable for the Nazis to write off the destitute as not worth helping. The Nazi regime thus established the NSV as the single Nazi Party welfare organ on 3 May 1933. The NSV wasn’t in fact social welfare, as the Nazis explicitly designed and ran it so that it could be granted only to individuals who could prove their value to the Volksgemeinschaft (the national/racial community). It also restricted its assistance to individuals of "Aryan descent" who met a range of conditions to be deemed worthy of support, officially stating that its aim was to promote "the living, healthy forces of the German people.” The list of those excluded from NSV benefits was composed of "alcoholics, tramps, homosexuals, prostitutes, the 'work-shy' or the 'asocial', habitual criminals, the hereditarily ill (a widely defined category) and members of races other than the Aryan.” |
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*Real wages in Germany dropped by roughly 25% between 1933 and 1938. Along with the abolition of the right to strike, workers were also in large part rendered unable to quit their jobs. Labor books were introduced in 1935, and the consent of the previous employer was required in order to be hired for another job. |
*Real wages in Germany dropped by roughly 25% between 1933 and 1938. Along with the abolition of the right to strike, workers were also in large part rendered unable to quit their jobs. Labor books were introduced in 1935, and the consent of the previous employer was required in order to be hired for another job. |
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