
Abstract
The proposed paper will discuss the controversy on Germany's economic recovery after the Depression and the role Nazi work creation programs had therein. Economic data suggests evidence of a cyclical turning point of the economic crisis in the summer of 1932 with some leading indicators reaching the turning point already in January 1932, which I propose to discuss. Data of the years 1933/34 support this argumentation. On this empirical basis the impact of Hitler's work creation programs have to be re-evaluated: these programs were not the causes of Germany’s economic recovery of but only supported a self-sustaining cyclical upswing to 1936. The basis of that upswing is to be seen, as Knut Borchardt has already argued 12 years ago, in the "normalisation" of the structural relations between factor prices and productivity, i. e. the improvement of supply conditions and profit chances.
Item Type: | Paper |
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Keywords: | Unemployment; Work Creation Programs; Business Cycles; Great Depression; National Socialism; Rearmament |
Faculties: | Economics Economics > Munich Discussion Papers in Economics Economics > Munich Discussion Papers in Economics > Economic History Economics > Chairs > Chair of Social and Economic History (closed) |
Subjects: | 300 Social sciences > 300 Social sciences, sociology and anthropology 300 Social sciences > 330 Economics |
JEL Classification: | E62, H53, J23, N34, N44 |
URN: | urn:nbn:de:bvb:19-epub-382-3 |
Language: | English |
Item ID: | 382 |
Date Deposited: | 13. Apr 2005 |
Last Modified: | 04. Nov 2020, 20:22 |