Premium Essay


In: Film and Music

Submitted By MattShir
Words 780
Pages 4
Assess the work of Hjalmar Schacht in restoring Germany's economic situation. Germany at the beginning of 1933 had a high unemployment rate, which meant poverty was widespread. Those in work found that their wages declining which had consequences for those who produced consumer goods. International trade, industrial production and national income had all dropped.

Schacht had been chosen by Hitler to solve Germany's economic problems due to a couple of reasons. The most important one was the fact he was the man who had solved hyperinflation in 1923 and had brought
Germany's economy back on track then; the other reason was because
Schacht was strongly right wing.

Schacht became the Economic Minister in 1934 and used the financial facilities of the Reichsbank to help Germany rearm. He was then given dictatorial powers over the economy. The new plan of September 1934 provided control of all aspects of trade and currency exchange.

Schacht had many ideas on how to get Germany's economy back up to full strength. One of his ideas was influenced by Keynes, a British economist. He adopted the policy of deficit financing; this idea was that money would be spent of public works to create jobs. The government would pay people to build motorways, which would then reduce unemployment. They then had money to spend, which would mean more products would be needed and companies would have to take on more workers, lowering unemployment further.

The German government hoped that the secondary jobs, which were being created, would reemploy the majority of the population, instead of having to feed more money into the system.

But this didn't just solve unemployment; it was useful to the public, it meant there were now modern roads, which eased travel over the country. This idea had one more advantage although this wasn't…...

Similar Documents

Free Essay

Nazi Holocaust

...Holocausto Nazi El Holocausto fue el maltrato y asesinato de un gran grupo de personas e individuos indeseables por el movimiento organizado del régimen Nazi y sus colaboradores. “Holocausto” o Holocaust en inglés, es una palabra de origen griego que se traduce a “Sacrificio por fuego”. Todo comenzó en el año de 1933 en Alemania, cuando Hitler llego a tener un cargo político y de inmediato puso en práctica actitudes discriminatorias hacia las razas que los nazis consideraban inferiores. Aquellas razas incluían a los judíos, gitanos, discapacitados, limosneros, y hasta prostitutas, entre otros más, la misión que tenía esta actitud discriminatoria no solo era rechazarlos si no aniquilarlos. Los seguidores de Hitler firmemente creían que entre la lucha entre razas, la “raza maestra”, solamente se consideraban a las personas de cabello rubio, ojos azules, e incluso de una estatura alta. Estas personas, según la actitud de Hitler, debían combatir por la supervivencia de su raza, la cual se consideraba la raza suprema, y luchaban para no perder la pureza y que no fuera contaminada por las razas inferiores. Acaso de esta creencia, millones de asesinatos fueron cometidos, con grandes consecuencias. La mayor parte de estos asesinatos fueron hacia los judíos, una de las razones fue porque los nazis los culpaban por la crisis económica, cual fue bastantemente notable en su país, Alemania. También eran culpados por la derrota de la primera guerra mundial, según Hitler los judíos......

Words: 932 - Pages: 4

Free Essay

Nazi or Not?

...Nazi or Not? Often times in a war, political and social agendas of a country become a major part, if not the main focus, of a soldiers. Many germans believed that the german army,Wehrmacht, kept Nazi Ideology separate from army orders. Yet as time went on many historians questioned this idea of Wehrmacht being recognized as an apolitical, professional army. I believe that orders by important German generals such as General Eric Von Manstein and General Herman Hoth, not only dispute the thought that the German army was apolitical but also show that Wehrmacht had in fact been corrupted by Nazi ideology. When considering the order made by General Eric Von Mansteing to the Eleventh Army of Wehrmacht, points are shown to prove that although thought to be apolitical Wehrmacht had indeed become politically driven. Manstein stated, “The Jewish-Bolshevik system must be once and for all. Never again may it interfere in our European living-space.” Through his introduction of Nazi legal and moral concepts into army life Manstein began to corrupt the German army. Quoting Manstein, “The German people are in the midst of a battle for life and death against the Bolshevik system. This battle is conducted against the Soviet army not only in a conventional manner according to the rules of European warfare.” This statement was the only the beginning of Manstein introducing an ideological component to the German soldiers. He began to transform the war into a war of survival against the......

Words: 476 - Pages: 2

Free Essay

Nazi Opposition

...specific leaders as the youth group were loosely organised. How did they oppose the Nazis? They beat up Hitler youth members, wrote graffiti on the walls and distributed anti-Nazi leaflets. Were they persecuted? Public execution was held for some of the pirates for the killing of a Hitler Youth leader. How successful? Partially as the public execution put many off but opposition still continued. Swing Youth What were they? They were young people who refused to conform to Hitler Youth values or even of its membership. The swing youth were fans of American jazz and swing. They tended to have long hair and listened to foreign radio which was an offence in war times. How did they oppose the Nazis? They listened to and recorded songs from foreign radios. This was considered a huge offence in war time. They also set up swing club which was tolerated until 1940 and it went “underground” after. Were they persecuted? Himmler threatens the ring leader stating those taking part in the swing movement will be sent to concentration camps with beating and harsh labour. How successful? No as swing movement still continued underground. White rose movement What were they? They were a small group of Munich students led by Hans and Sophie Scholl. Their aim was to shame German people into protesting against Nazis and overthrow Hitler. How did they oppose the Nazis? They gave out Anti-Nazi leaflets around the University of Munich. They also produced Graffiti and......

Words: 316 - Pages: 2

Premium Essay

Propaganda in the Nazi Regime

...Account for the Progressive Radicalization of the Nazi Regime. The power structure of the Nazi regime lacked a legitimate and stable democratic order, being ruled over by a charismatic figure, Hitler, who offered through his propaganda a new and better future for the people. In 1919 Hitler joined the German Workers Party, an extreme right wing national party that played on the Germans hatred of the Treaty of Versailles. In 1920 the party changed its name to the National Socialist German Workers Party (NSDAP) and Hyperinflation in 1923 with the Weimer Government ruined the middle class and furthered the dissatisfaction of the German people with the current Government. This presented the NSDAP an opportunity to present a policy that would benefit Germany. The regime offered opportunities to the population with security across the community and a direction of supremacy for their race. Policies of the Nazis did not include involving the broader population in the more brutal and violent parts of their rule, thus the people’s communities were forged through genocide. Hitler was obsessed with having a pure racial community in Germany and an extension of land for Germany eventuating in world domination and he pursued these objectives with ruthlessness and inhuman brutality. Progressive radicalization was inevitable due to the chaotic anti-Semitism beliefs and competitive nature of an elite ruler and a few devout followers. The propaganda campaigns are what paved the way to......

Words: 2223 - Pages: 9

Premium Essay

Nazi State

...TOPIC: NAZI GERMANY Propaganda, terror and coercion underpinned the creation and maintenance of the Nazi state. Consider this in the period 1933-1939. The adage that perception is often stronger than reality has never been truer than in the Nazi state of 1933-1939, where image played a colossal role in the anti-semitic and Hitler myth propaganda of Joseph Goebbels. Image manufactured the fearful aura of the Gestapo as well as the ubiquitous representation of the law, both of which created and cemented acquiescence amongst the German population. It was through the creation of perception in Nazi society that propaganda, terror and coercion underpinned the creation and maintenance of the Nazi state. Any attempt to gauge the success of Nazi propaganda in the creation and maintenance of the Nazi state is somewhat difficult, as German society during 1933-1939 was so heavily influenced by terror and coercion that reported opinion did not necessarily reflect the true sentiment of the public. Nevertheless, it would be naïve to disregard the significant role that Nazi propaganda played in ensuring that the German public were unified in their support of the government. The most crucial objective of Nazi propaganda in the creation of the Nazi state was to create a new heightened national awareness. This was done through the creation of the Volksgemeinschaft (People’s Community), an institution that established cohesive community values. In......

Words: 2381 - Pages: 10

Premium Essay

Nazi Regime

...Sources B and C both talk about the support of the Nazi policy towards the Jews by the German People. Source B says that ‘Anti-Semitism has undoubtedly taken root in wide circles of the population’, implying that many German people were in favour of Anti-Semitism. The source then goes on to say that if a German citizen was to buy from a Jewish person, it would have been just to annoy the Nazi’s, not ‘in order to help the Jews’. This also suggests that many German’s were not in favour of the Jews. Source B also mentions these people being in favour of ‘restricting Jews to certain activities’, once again supporting the Nazi policy. This relates to my own knowledge on the Nazi policy, as I know that the Nazi party bought in many laws which restricted Jews from certain activities; such as the Law for the Protection of German Blood and German Honour, which forbade marriage between Germans and Jews. Many German’s supported such Laws opposing the Jews. This source originates from A Socialist Party report in 1936, therefore the reliability is debatable. As an opposing party to the Nazi’s, the Socialist Party would be like to give biased information, against the Nazi Party. Similarly, Source C discusses the ‘reprisals were carried out against Jewish buildings and places of businesses’, suggesting that many German’s participated in the Kristallnacht. In this Source, Goebbels goes on to say that ‘the whole population is now firmly asked to abstain from all further action of whatever......

Words: 954 - Pages: 4

Premium Essay

Nazi Economic Policies

...The Nazi Economy: The Economic Background: * Hitler’s position depended on bringing Germany out of depression and so during 1932 the Nazi leadership had begun to consider a number of possible approaches to the management of the economy. * The policy of autarky envisaged a scheme for the creation of a large trading area in Europe under the dominating influence of Germany, which could be developed to rival the other economic powers. It was the aim for self-sufficiency in the production of food and raw materials, especially when at war. * No coherent plan had emerged by January 1933 as Hitler had no real understanding of economics and to a large extent the implementation of economic policy was initially left to bankers and civil servants. From the start there was a lack of real direction, suggesting that economic policy tended to be pragmatic. It evolved out of the demands of the situation rather than being the result of careful planning. * Germany had faced continuing economic problems since the end of the First World War. Economic Recovery 1933-6: * In the early years, Nazi economic policy was under the control of Hjalmar Schacht, President of the Reichstag and Minister of Economics (1934-7). * Schacht was a respected international financer because of his leading role in the creation of the new currency in the wake of the 1923 hyperinflation. * The heart of economic recovery lay in the major revival of public investment, which embarked on a large...

Words: 3363 - Pages: 14

Free Essay

Concentration Camps on Nazi and Us

...Professors name: Subject: Date: Comparison-Contrast report on the internment concentration camps placed in United States and Germany. In World War II, the people-citizens which were not needed or just migrated to the country- were detained and confined without any trail is called an Internment concentration camp. The people were prisoners and kept in very bad and extremely harsh in conditions with no rights. The present paper is to highlight the comparison-contrast of the Internment concentration camps placed by United State and Germany to imprison their own populations. Later in 1993 in Nazi Germany ,Concentration become a major source for which Nazi can easily imposed their control and across Nazi controlled Europe between 1938 and 1945 to obtain the maximum hold. The reason to setup these camps were to eliminate any opposition to Nazi by their so called enemies-people who can threat. These people includes the communists, socialist and social democrats, Jehovah’s Witnesses, homosexuals, and the so called a socials which were found in their own peoples of around 2millions in population whereas male above the age of 14, women’s and children kept in worst condition, given less water and food exposed to brutal and cruelty. They turned week and bad to continue with the deadly process. Many thousands of Jews were arrested during this period resulted bulk of the prisoners of these camps were subjected to increasingly poor conditions.......

Words: 1285 - Pages: 6

Premium Essay


...Nazi State and Population The Nazi state set out to achieve a population that comes together as a community under certain rules and regulations. In 1935, Nazism was on the rise and working towards unifying Germany. A movie was released called, Triumph of the Will, which demonstrated Hitler’s ideal nation. This was one of the first sound movies created and was used to illustrate a new Germany and the power of Nazism. This movie depicted Hitler’s beliefs of an ideal nation. Also during this time, the Nazis established a set of laws called Nuremberg Laws. These were created to set rules and regulations for all of those who wanted to be apart of the Reich. The Nuremburg laws were the first standards set for individuals to figure out if they were apart of the Nazi nation or not. By using a new creation of film to reach a broad audience and publishing Nazi expectations through law, Triumph of the Will and the Nuremberg Laws both reflect Nazi efforts to shape it’s nation through the use of propaganda and national symbols, creating a welfare program with security of jobs, and identifying what it is to be a Jew. One way the Nazi party sought to bring together Germany as a community was through the use of propaganda and national symbols. The movie, Triumph of the Will, had a great deal of propaganda incorporated in it. It showed hatred of communists through the use of the color red. There were also a variety of images related to religion throughout the movie such as: burning......

Words: 873 - Pages: 4

Premium Essay

Consolidation of Nazi Power

...Hitler and his Nazi party brought about various changes in Germany between 1934 and 1939. These are political, economical, and social changes, and they affected many people in different ways. The ordinary people in Germany, especially those who were unemployed were the ones who were benefited by some of the economical changes that the Nazis made. However, German communists, social democrats, Jews, and other people whom the Nazis took a prejudiced view of had to undergo many hardships during the period of the changes. Since the year Hitler became Führer and gained absolute power, many events occurred that changed the course of German history and took a heavy toll of human lives. The following paragraphs are about how Hitler and the Nazi party started the political, economical, and social events, and what kind of effects they had on the people. The political events include ‘Night of the long knives’, Terror Campaign, Nuremberg laws, and Kristallnacht. The first major event that took place in the year 1934 was ‘Night of the long knives’. This was triggered by the increasing power of the SA, the private army of the Nazi party. Hitler needed to stop this in order to gain support from the army that objected to the SA. So, Hitler ordered the SS, his bodyguard, to kill SA leaders and his private enemies as well. After this massacre Hitler became more powerful, and after one and a half months President Hindenburg died, so, Hitler became both Führer and Reich Chancellor. Terror......

Words: 1041 - Pages: 5

Premium Essay

Nazi Germany

...was what Hitler wanted for Germany under the control of the Nazi party. From 1933 to 1939 Hitler tried to control every aspect of Germany and its people. To create a totalitarian state Hitler would have to insure that one party and one party only controlled Germany. He would also have to ensure that he could keep the economy, the opposition, the media, the army and the police fully under his control. This essay will closely examine if he achieved this or not. Carl Freidrichs, a German historian believes that to have a totalitarian state all of these features are needed. In other words for a country to be a totalitarian state then the following features were essential. These included: suppression of all sources of opposition, total control of the media, total control of all groups in society, the total control of education, total control of the economy and finally total control of all civil life. If these things could be controlled then Hitler would have indeed created a totalitarian state. Firstly Hitler would have to crush all opposition to ensure that he could create his totalitarian state. Although Hitler had quickly established a one party state and silenced his political opponents, even though their use of threats and violence the Nazi party could never fully silence their opponents. The church provided them with a large amount of opposition. Both Cardinal von Galen and Pastor Bonhoeffer were amongst the Nazis leading critics and were later arrested and executed.......

Words: 2135 - Pages: 9

Premium Essay

Nazi Memo

...Sanjida Afrin Morality of Massacres and Genocide Prof. Harman Salton 2nd March, 2016 Nazi Memorandum The Holocaust was an extreme incident of genocide as defined by the UN Genocide Convention that took place in the 20th century in Germany as a religious, political and economical manifesto targeting an ethnic, national or racial group such as the Jews. The plot of this heinous genocide however started back in the 1930 before the WWII when Hitler and the Nazis started spreading propagandas to wipe out Jews from Germany. This memo will give a critical overview on the purposes behind the holocaust, how propaganda were used to conduct such extreme genocide and the role played by the Nazis and the Germans, followed by a brief comparison between the genocide in different countries and the Holocaust. When we start talking about Holocaust, one of the basic terms to use is “Anti-Semitism” which refers to hatred against the Jews. Even though factual evidences hold Hitler’s strong hatred towards the Jewish population as a major reason behind the holocaust, it is still a debatable issue. One of the most interesting facts that come to attention is the wide support of many of the educated German elites in the Nazi propaganda. This might be result of the flourishing economic conditions of the Jews in the then Germany. The Jews were open to modern education, they flourished in business and basically not as much affected as the Germans after the WWI. This might have led to economic and......

Words: 1037 - Pages: 5

Premium Essay

Nazi Regime

...Why did so many people comply with the Nazi regime? On the night of the 8th November, 1923, an abortive putsch took place in Munich. Hitler and some of his followers burst into a meeting in the Burgerbrau Cellar, which was being addressed by the Bavarian Prime Minister Kehr, with the intention of obtaining from him a decision to march forthwith on Berlin. On the morning of the 9th November, however, no Bavarian support was forthcoming, and Hitler's demonstration was met by the armed forces of the Reichswehr and the Police. Only a few volleys were fired; and after a dozen of his followers had been killed, Hitler fled for his life, and the demonstration was over. The defendants Streicher, Frick and Hess all took part in the attempted rising. Hitler was later tried for high treason, and was convicted and sentenced to imprisonment. The SA was outlawed. Hitler was released from prison in 1924 and in 1925 the Schutzstaffel, or SS, was created, nominally to act as his personal bodyguard, but in reality to terrorise political opponents. This was also the year of the publication of Mein Kampf, containing the political views and aims of Hitler, which came to be regarded as the authentic source of Nazi doctrine. Did their compliance emerge from pathological characteristics of the German people? In order to place the complete control of the machinery of Government in the hands of the Nazi leaders, a series of laws and decrees were passed which reduced the powers of regional and local......

Words: 401 - Pages: 2

Premium Essay


...Question 2: Was nazism nationalist or racist? National Socialist German Workers Party or more commonly know as Nazi was formed in 1919. Under the leadership of Adolf Hitler in 1921, the party eventually becomes the most powerful political force in German. Nazi party was an ideology that was based on racism and nationalism that governed Germany from 1933 to 1945. They promised to build up its greatness with a scientific theory of racism in which people were racially superior to all others. Their effort and endeavor eventually brought a great deal of success to its nation and followers. Based on the statements made by the authority, they demand the equality of the German people with all other nation and “how they demand land and soil (colonies) for the nourishment of [their] people” (NSDAP program ex.3). Just by looking through their ardor at the first glance, Nazism seems to approaches nationalism. However, when appraise and evaluate acutely about their political form, their nationalistic approaches are just the outer shell and the reality is turns out to be racist. In Nazism, their intention is to give favor to the people with German blood while excluding the foreign races. They made the numerous rules of restriction while strongly support the idea of discriminations for non-Germans while the people with German blood were advocated in almost every aspect in their country. Non-German people were forbidden to participate in many fields such as politics, cultural life and......

Words: 1922 - Pages: 8

Premium Essay

Nein Nazi

...was clueless on what was going on, besides the father who wa a German soldier, yet he wouldn’t tell tell his family what was exactly happening. Hugo thought the Jews were just some farmers, he didn't know why they were hated. Out of curiosity he traveled toward a Concentration Camp and met a boy he grew a strong friendship with. His mother knew about the Jews, but she didn’t know they were being burned. This shows why all Germans weren’t responsible. A lot of people had no idea what was actually happening to them. They didn’t know about them being tortured, starved to death, or being sent to the chambers. Why should they be responsible if they didn't know what was actually happening? Ordinary Germans weren’t as responsible as the Nazi Party for the holocaust. They aren’t responsible if a large amount didn’t know. 85% people didn't know. 2,289 people didn’t know what was happened. People couldn't stand up for them because they feared Hitler. You wouldn't like it if you got blamed for something you didn’t know about. So why should they be blamed...

Words: 573 - Pages: 3