Germany 1890-1945: Nazi Economic Policy 🏭 GCSE History Learning & Revision

In this episode, we’ll explore Nazi Germany's economic policy, focusing on rearmament and the goal of self-sufficiency. We’ll discuss Hjalmar Schacht's initial management of the economy and Hermann Goering's implementation of the Four-Year Plan in 1936, aimed at military expansion and economic independence. While rearmament successfully stimulated growth for major manufacturing businesses, efforts to replace imports with domestic substitutes encountered challenges. We’ll examine the transition to a war economy, which increased working hours and introduced rationing. Although unemployment decreased and wages rose, rising food costs and poor working conditions offset some gains for workers, benefiting large businesses and farmers disproportionately.Don't miss out on subscribing for more educational content tailored to help you succeed in your exams. Perfect for AQA, OCR, Edexcel, CIE and WJEC exam boards.⁠⁠Click here to see all of our GCSE History content!