Post-Depression Economic Policies: Germany to Scandinavia
Economic Recovery in Germany (1930s)
Germany presented an example of economic recovery achieved within a totalitarian state. This recovery was driven by strong enabling policy interventionism designed to stimulate the growth of heavy industry.
Key economic strategies included:
- Significant expansion of public works programs.
- Strict restrictions on imports.
- A push for economic self-sufficiency (Autarky), aiming to produce internally everything needed, regardless of export performance.
These measures resulted in substantial growth in industrial production and a significant decrease in unemployment. However, this economic success was coupled with:
- Brutal repression of trade union leaders and leftist parties.
- Strong wage restraint imposed on workers.
This...