Question

explain the economic recovery ideas of hitler???

Answer 1

Nazi economic policy was largely based on fascist economic theories. In fascism, resources and production are managed for the greater benefit of the state, rather than to increase profit, wages or standards of living. Fascist governments control production and manufacturing, dictating what is produced and for what purposes. There is also considerable government control over the allocation of resources, such as land and raw materials. Unlike socialism, fascism is not opposed to private ownership of capital, provided that business owners are co-operative and do not resist state control. In fascist economic systems, such as Mussolini’s Italy, economics is considered a partnership between the state and private-owned corporations. Fascism is, however, hostile to unions, contending that workers should put the interests of the state before their own petty needs. Fascism also tends to encourage autarky (economic self-sufficiency) rather than foreign trade.