Short Note on the Economic Policy and Reforms Under Hitler’s Germany
Hitler’s policy of economic reconstruction was two pronged:
(i) It aimed at full production and full employment through state funded work creation programmes.
(ii) Resources were to be accumulated by undertaking an aggressive foreign policy and expansion of territory.
Economic reforms aimed at employment by:
(i) expansion of bureaucracy.
(ii) setting up of heavy armament factories.
(iii) manufacture of aeroplanes and naval ships.
(iv) undertaking of public works like roads, offices, government buildings, art galleries, stadia and houses.
(v) compulsory military service.
All these created new job opportunities for the youth and the unemployed.
Workers were kept content by giving them better facilities and by keeping prices of essential commodities in check. However, they were denied the right to strike and protest.