Economic recovery (5 janv. 1933 – 26 déc. 1936)

Description:

- 1933-39 Schacht president of the Reichsbank, 1934-37 Minister of economics. Introduced many plans to revive the economy

- Public investment by state to reduce unemployment by creating public works

- State assumed greater control of capital in economy and set lower interest rates

- Assisted farms and small businesses: tariffs on imported goods, subsidies form Reich Food Estate, lower interest rates, etc.

- Balance of trade deficit arose. When Germany's imports cost more than was made on the exports. In consequence, sectors of the economy argued over the foreign currency allocation.

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