who was hjaimar schacht? what was his theory regarding the economic recovery? explain
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Answer:
The Nazis viewed economics as a foundation to their future Ideological goals. The Nazis entered government in 1933 with a set of outcomes that they wanted to achieve through economics, but not a clear policy to achieve this. The outcomes they wanted to achieve were economic stability, an end to unemployment, and autarky.
In the first few years following their election, the Nazis tried to calm fears within the business community that they would radically reform the economy. The Nazis instead made it clear that they first sought to achieve economic stability. Their first actions towards this were to ban trade unions and freeze workers wage rates. Both of these moves greatly benefitted business interests, as they could no longer be lobbied for fairer conditions or have to compete with others wages.