Economy of Nazi Germany

Like many other Western nations, Germany suffered the economic effects of the Great Depression with unemployment soaring around the Wall Street Crash of 1929. When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy. The changes included privatization of state industries, autarky (national economic self-sufficiency) and tariffs on imports. Weekly earnings increased by 19% in real terms from 1933 to 1939, but this was largely due to employees working longer hours, while the hourly wage rates remained close to the lowest levels reached during the Great Depression. In addition, reduced foreign trade meant rationing in consumer goods like poultry, fruit, and clothing for many Germans.

Economy of Nazi Germany

Like many other Western nations, Germany suffered the economic effects of the Great Depression with unemployment soaring around the Wall Street Crash of 1929. When Adolf Hitler became Chancellor of Germany in 1933, he introduced policies aimed at improving the economy. The changes included privatization of state industries, autarky (national economic self-sufficiency) and tariffs on imports. Weekly earnings increased by 19% in real terms from 1933 to 1939, but this was largely due to employees working longer hours, while the hourly wage rates remained close to the lowest levels reached during the Great Depression. In addition, reduced foreign trade meant rationing in consumer goods like poultry, fruit, and clothing for many Germans.