Reviews for The Nazi Economic Recovery 1932-1938

The average rating for The Nazi Economic Recovery 1932-1938 based on 2 reviews is 4 stars.

Review # 1 was written on 2016-02-20 00:00:00 Trenton Mason When the nazi's came to power in 1933, they promised the Germans 'bread and work' - meaning food on the table and a steady job. And indeed, the unemployment rate was rapidly declining during the nazi rule. So how did the nazi's create this? Richard Overy defines a few key points for this. First of all, they took complete control of the economy, allowing the economy to work for them. Second, they created a way of injecting capital in the system by introducing 'mefo's', government bonds that were used to pay for the investments, to be repayed after 5 years. By then they hoped to have reached a drastic expansion of government income (through taxes) that enabled them to repay the debts. Richard Overy does not agree with the general view that the investments in the re-armaments was the cause. True, they did play a great part, but only after 1936, and they were not the cause of the economic recovery in the years 1933-1936. Before 1936 the bulk expenditure was on work-creation, motorisation and general construction, which already had begun under the Von Papen and Von Schleicher regimes of 1932. After 1936 rearmament became increasingly important. Overy states that the Nazi 'economic system' became simply a part of the Nazi 'political' system, closer in character to the economy of Stalin's Russia that to those of the capitalist West. Hitler was able to control and guide the economic transformation from the Depression years, where Stalin was able to transform the economy. After 1936, the efforts of the Nazi regime to create an economy for waging war had the effect of actually slowing down recovery and growth, stifling initiative and creating business uncertainty once again. 'Recovery' in this context was a dead end.

Review # 2 was written on 2014-09-21 00:00:00 Francisco Duran Nazis faced a terrible economic crisis, conversely, they fortunately experienced a successful rebound. Germany hastily spent huge amounts of money on martial industries and military force. The Germans have been drinking half as much beer in 1938 than in 1927; this conveys the state of contentment because of the Germans' triumph. Moreover, North America was surpassing Germany in employment quality. For instance, North Americans received a much higher salary than German employees, Germans are the best at thriftiness therefore this shows how Germans got their economy reinforced. To specify, Germany currently surpasses every country at money-saving. The successful rebound experienced by the Germans confirms how Germany is experienced in economy. North America is better at expansion that the Nazi government, therefore, Adolf Hitler wants to strengthen Germany's farming and agriculture sectors. The rearming of the German military force and Four Year Plan of Germany somewhat hindered German expansion by having attempts on infertile areas. On the other hand, economic expansion was also poor in Germany. In Hitler's perspective, Germany was tremendously preoccupied by the expansion rates but North America had lower rates making Germany economically advance. Actually, the thought of North America possessing higher expansion rates than Germany is rejected because North America had lower rates before 1913. Adolf Hitler was clearly unsatisfied by his government policies. Hence, the German government imposed new government policies to increase demand and enhance investment. John Maynard or Baron Keynes, a British economist, influenced many countries by his economic theories and doctrines that are named Keynesianism. Nevertheless, the imposed policies are not swayed by Keynesianism; the policies also became part of the Nazis' political system. The policies worked out for Hitler thus Germany fully deteriorated the deadly crisis.