Hitler policy of economic reconstruction of Germany

Hitler policy of economic reconstruction of Germany

1. After establishing his dictatorship in Germany, Hitler turned his attention towards the economic reconstruction of the country.
2. He assigned the responsibility of economic recovery to the economist Hjalmar Schacht who aimed at full production and full employment through a statefunded work-creation programme.
3. This project produced the famous German superhighways and the people’s car, the Volkswagen.
4. Hitler’s foreign policy also had quick success.
   1. He pulled out of the League of Nations in 1933,
   2. He reoccupied the Rhineland in 1936
   3. He integrated Austria and Germany in 1938 under the slogan, One people, One empire and One leader.
   4. He then went on to rest German-speaking Sudetenland from Czechoslovakia and took over the entire country.
5. He chose war as the way out of the approaching economic crisis.
6. Resources were to be accumulated through the expansion of territory.
7. In September 1939, Germany invaded Poland. This started a war with France and England.
8. In September 1940, a Tripartite Pact was signed between Germany, Italy, and Japan strengthening Hitler’s claim to International power.
9. Hitler now turned towards conquering Eastern Europe.
   1. He wanted to ensure food supplies and living space for Germans.
10. He attacked the Soviet Union in June 1941.
    1. But he could not get success.
    2. This step of Hitler proved to be a historic blunder.