Explain the contribution of Schacht in economic recovery of Germany
1. Hitler assigned the responsibility of economic recovery to the economist Hjalmar Schacht.
2. He aimed at full production and full employment through a state funded workcreation program.
3. This project produced the famous German superhighways and the people’s car, the Volkswagen.
4. Schacht had advised Hitler against investing hugely in rearmament as the state still ran on deficit financing.
5. Cautious people however had no place in Nazi Germany. Schacht had to leave.
