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Was the Nazi economic policy a success or failure?
Member rating: No Rating | Words: | Submitted: Wed Oct 20 2004
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Was the Nazi economic policy a success or failure? The economic situation in Germany in the early 1930's was very grim. Unemployment was high (8.5 million in1931) and businesses collapsed alongside consumer confidence. Peasants were also desperate as agricultural prices collapsed between 1929 and 1933. The domestic economy was very weak before the Wall Street Crash, already in 1928 3 million were unemployed, and the depression made the situation worse. As the desperate situation of the economy was one of the reasons for the Nazis getting to power in the first place they knew that they would have to do something about it. Also one of their objectives was to create an economy with enough strength to sustain rearmament. The most important challenge facing the Nazis was reducing unemployment. Within their first year, legislation and initiatives were introduced which dealt effectively with the numbers of Germans out of work. The work schemes...
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