During the years 1933 – 1945, Hitler and the Nazi party introduced various policies in which impacted the economy, is it necessary to label them all a success? The most successive policy that they announced was those in which was led by Albert Speer, this had a great influence on both the economy and the final stages of war; despite Germany being unsuccessful.
The first policy that was introduced was the “New plan” which was created by Hjalmar Schacht in the year 1933. Schacht intended to reduce imports, reduce unemployment, create agreements with other nations and finally channel the government’s spending. In some perspective, the “New plan” was a success; unemployment had decreased significantly, it was reduced from 6 million in 1933 to 300,000 by 1939. Moreover, industrial production had rose considerably in comparison with Weimar Germany before the Wall Street Crash. Due to these factors, it can be interpreted as a great success however, there are features that hinder it. Firstly, Germany were still importing a huge amount of their produce, they failed to produce the same amount of money that they were spending; by 1939 the German government were in debt of 40 million Reichmarks. As a result of this, the new plan cannot be labelled as a great success, however there were aspects that influenced the success of other policies.

As the war drew closer, Hitler was aware that the country was not prepared for confrontation therefore he advised his Nazi associate – Goering, to priorities particular issues that would benefit their ‘War economy’, this was also referred to as the “four year plan”. The first policy that was announced, was the retraining of key workers, again this can be interpreted as a success however, downfalls remain. Within a year the number of submarines increased greatly, however, the amount of aircraft only rose by 2,000 within 2 years – this was