Give any one example of economic development in dictatorial regime.
CBSE Class 10 Board Exam 2020 1m Question.
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The Napoleon code of Civic code of 1804 or uniform business
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The transition to global economic dominance, known as the "German economy miracle" or cultural miracle, came about when much of Germany was in ruins at the end of World War II. During the first five years of his rule Hitler made major economic and diplomatic achievements. Hitler rekindled the economy significantly. Unemployment had plummeted, which was necessary for getting him to power
Explanation:
- When Adolf Hitler was appointed the Chancellor of Germany in the year 1933, he implemented a policy to boost the economy. The changes included privatization, autarky (national economic autonomy) and import tariffs. Throughout the 1930s Hitler was generally seen as yet another protectionist central planner, acknowledging the supposed failure of the free market and the need for economic growth that was centrally controlled. Hitler also found a cure against unemployment
- He abolished the gold standard, embarked on major policy projects like the motorways, heavily shielded industries from foreign competition, expanded credit, developed jobs, bullied prices and production decisions in the private sector, vast military spread, reinforced capital checks, set up family plans, penalized smoking, brought about national healthcare and unemployment insurance. In the rejection of the free economy by the government and their adoption of socialism in one country, the policy of Nazi interventionism became important.
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