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By 1929 The Economic Bubble Had Popped And The Great Depression

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By 1929 the economic bubble had popped and the Great Depression had caused extreme poverty and unemployment rates across the modern world. In Germany, this meant that by 1929 1/3 of the german population was unemployed. This caused a surge of support for the Nazi party and by 1933 Hitler had taken control of Germany. Over the coming years, Hitler’s regime pulled the country out of the Great Depression, while also addressing the problem of “degeneracy” in the country. To fix the problems Hitler saw with Germany he used ideas and techniques of modernity toward a goal of creating a country and regime that was antithetical to modernity. Once Hitler was in power he had 3 main intentions. Reduce unemployment, create jobs through the …show more content…

Another large economic policy was the creation of the German Labour Front. The Government abolished all trade unions and created a single government-run trade union and made membership mandatory. The german labor front was able to set high wages and also set up a Strength through Joy program that gave benefits to workers. The government also some machinery and incentivized companies to higher workers. The largest action Hitler made towards the reduction in the unemployment rate was with the rearmament and industrialization of Germany. The nazis nationalized and established state-owned-and-operated companies. The government also worked with IG Farben, the aviation industry and other large industrial companies to rearm the country and employ mass amounts of people. Hitler announced that Germany would not longer adhere to the Treaty of Versailles and Germany then remilitarized the Saarland and Rhineland. This gave Germany access to a large area of production. Another aspect of the rearmament of Germany was from June 1935 and onward men between 18 and 25 were forced to join the RAD and receive six months of military training. Between 1932 and 1938 the GNP rose by about 81.42%, the national income rose by about 81.64%, the industrial production rose by about 110.34% and the unemployment fell by about 92.86%. The rearmament really started to increase when Hitler and the other Nazi leaders introduced

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