Science Fair Project Encyclopedia
Four year plan
1936 was a turning point in the Nazi Economy. confidence had been restored. unemployment was down to 1.6 million.
how do they progress? Schacht was pressing concerns about the distortion of the economy having spent money on rearmament.
Schacht wanted to encourage exports and cut spenditure on rearmament. Hitler was getting impatient with Schacht Hitler wanted to step up rearmament. September 1936 Hitler put Goering in charge of THE OFFICE OF THE 4 YEAR PLAN.
this plan aimed to make Germany ready for war in 4 years priority had to be given to rearmament and Germany had to be made self sufficient in food and industry materials (autarky). emphasis was placed on raw materials and machinery production.Georing Commander in Chief of the Luftwaffe became the major economic figure in Germany his ministry issued regulations to control Foreign Exchange, Labour and Raw Materials, Prices. this produced a mangaed economy. the government also set targets which Private Industry had to meet.
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