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Nazi economic, social and racial policy - WJECImpact of Nazi economic policies on German people

Hitler had outlined his ideas in Mein Kampf, from 1933 the implementation of these ideas affected many aspects of life in Germany. How did Nazi economic, social and racial policy affect life in Germany?

Part of HistoryGermany in transition, 1919-1939

Impact of Nazi economic policies on German people

Nazi economic policies had different effects on different economic groups in Germany.

Big businesses - The Nazis had promised to curb the power of , but by 1937 they controlled over 70 per cent of production. Rearmament from 1935 onwards boosted profits of big weapons companies, and managers of the major industrial companies saw their incomes rise by 50 per cent between 1933 and 1939.

Small businesses - Rules on opening and running small businesses were tightened, which resulted in 20 per cent of them closing.

Farmers - Having been one of the main sources of their electoral support during their rise to power, farmers benefitted under the Nazis. By 1937, agricultural prices had increased by 20 per cent and agricultural wages rose more quickly than those in industry. The Hereditary Farm Law of 1933 prevented farms from being repossessed from their owners, which gave farming families greater security.

Despite the loss of freedom, life improved in Germany for many ordinary people who were prepared to conform in order to have a job and a wage.