Editing Economy of Germany (section)

===Weimar Republic and Third Reich===
{{Main|Economy of Nazi Germany}}
[[File:BSPDRWeltkriseEngl.PNG|thumb|250px|left|Gross national product and GNP deflator, year on year change in %, 1926 to 1939, in Germany. [https://www.google.de/search?q=Dr.+Norbert+R%C3%A4th,+Rezessionen+in+historischer+Betrachtung.+In%3A+Wirtschaft+und+Statistik+3%2F2009&gws_rd=ssl Via google to Pdf-file of German publication]]]
[[File:Occupation in Germany by district, 1925.svg|thumb|Occupation by administrative district in the 1925 census]]
The Nazis rose to power while unemployment was very high,<ref name=econ161>{{cite web |author=J. Bradford DeLong |date=February 1997 |url=http://econ161.berkeley.edu/TCEH/Slouch_Purge15.html |title=Slouching Towards Utopia?: The Economic History of the Twentieth Century -XV. Nazis and Soviets- |access-date=15 August 2007 |publisher=University of California at Berkeley and NBER |url-status=dead |archive-url=https://web.archive.org/web/20080511190923/http://econ161.berkeley.edu/TCEH/Slouch_Purge15.html |archive-date=11 May 2008}}</ref> but achieved [[full employment]] later thanks to massive public works programmes such as the [[Deutsche Reichsbahn|''Reichsbahn'']], ''[[Reichspost]]'', and the ''[[Reichsautobahn]]'' projects.<ref>{{cite book|last1=Gaettens|first1=Richard|title=Geschichte der Inflationen : vom Altertum bis zur Gegenwart |date=1982 |publisher=Battenberg |location=München |isbn=3-87045-211-0 |pages=279–298|edition=Nachdr.}}<!--|access-date=18 August 2014--></ref> In 1935 [[German rearmament|rearmament]] in contravention of the [[Treaty of Versailles]] added to the economy.<ref name=econ161/><ref>{{cite book|last1=Lee|first1=Stephen|title=Weimar and Nazi Germany|date=1996|publisher=Heinemann|location=Oxford|isbn=043530920X|pages=63}}</ref>

The post-1931 financial crisis economic policies of [[Fiscal policy|expansionary fiscal policies]] (as Germany was off the [[gold standard]]) was advised by their non-Nazi Minister of Economics, [[Hjalmar Schacht]],<ref name="econ161" /> who in 1933 became the president of the central bank. Schacht later resigned from the post in 1938 and was replaced by [[Hermann Göring]].

The trading policies of the Third Reich aimed at [[Autarky|self-sufficiency]] but with a lack of raw materials Germany would have to maintain trade links but on [[Bilateralism|bilateral]] preferences, [[foreign exchange controls]], [[import quota]]s, and [[Export subsidy|export subsidies]] under what was called the "New Plan"(''Neuer Plan'') of 19 September 1934.<ref name="Braun">Hans-Joachim Braun, ''"The German Economy in the Twentieth Century"'', Routledge, 1990, p. 101</ref> The "New Plan" was based on trade with less developed countries who would trade raw materials for German industrial goods saving currency.<ref>{{cite book|last1=Lee|first1=Stephen|title=Weimar and Nazi Germany|date=1996|publisher=Heinemann|location=Oxford|isbn=043530920X|pages=60}}</ref> [[Southern Europe]] was preferable to Western Europe and North America as there could be no trade blockades.<ref name="braun1990">Hans-Joachim Braun, ''"The German Economy in the Twentieth Century"'', Routledge, 1990, p. 102</ref> This policy became known as the ''Grosswirtschaftsraum'' ("greater economic area") policy.

Eventually, the Nazi party developed strong relationships with [[big business]]<ref name="bigbiz">Arthur Schweitzer, ''"Big Business in the Third Reich"'', Bloomington, Indiana University Press, 1964, p. 288</ref> and abolished [[Trade unions in Germany|trade unions]] in 1933 in order to form the [[Reich Labour Service]] (RAD), [[German Labour Front]] (DAF) to set working hours, [[Beauty of Labour]] (SDA) which set working conditions, and [[Strength Through Joy|Strength through Joy]] (KDF) to ensure sports clubs for workers.<ref>{{cite book|last1=Reynoldson|first1=Fiona|title=Weimar and Nazi Germany|date=1996|publisher=Heinemann|location=Oxford|isbn=0435308602|pages=49|edition=Foundation}}<!--|access-date=19 August 2014--></ref>