Schacht’s Running of the German Economy

In 1933, the German economy resolved a serious recession and aimed to resolve the rise in the unemployment rate. German economic and social organization is very poor, Hitler wants to solve this problem, so the German economy is suitable for war. Another problem is the need to balance by balancing the deficit spending, recovering the economy necessary to increase the demand for consumer goods, and recovering by increasing the demand for raw materials.

The German economy may be divided by restrictions that the country does not allow to fall into inflation, but Shacht continues to enjoy Hitler's confidence. In letter to Schacht dated January 19, 1939, Hitler said. First of all, your name is associated with the first era of the national restructuring army I am very pleased to be able to use your service. To resolve the new task of being Reich Minister "(EC-397)

Prior to the 1933 election, Hitler's public institution, Folkisha · Beobacter, said in the slogan of Chart's 60th birthday as follows. "The name of Dr. Schacht will be adapted to the transformation of the German economy into a new national socialist approach" (EC-499). SCHACHT plays an important role in ventilator economic planning and war reserve planning

In August 1934, Hitler appointed President Harmar Shahit of Reichs Bank as the Minister of the Economy, and in the following year prepared for the war economy and prepared for the war economy. The reconstruction and rearmament were done by the Mepho method, printing banknotes and seized assets of arrested people, including the enemies of the Jewish state. The unemployment rate fell from 6 million in 1932 to 1 million in 1936. Hitler supervised the largest infrastructure development in Germany history, dam construction, highway, railway and other civil engineering works. Compared with the wages of the Weimar Republic, wages have declined slightly from the mid-1930s to the latter half, but living expenses have increased by 25%. During the transition to the war economy, the average working week has increased; by 1939, Germans worked average 47 to 50 hours per week.