section_path: History/Weimar Republic and Third Reich
section_name: Weimar Republic and Third Reich
paragraph_text: Weimar Republic and Third Reich
  
  The Nazis rose to power while unemployment was very high, but achieved full employment later thanks to massive public works programmes such as the Reichsbahn, Reichspost, and the Reichsautobahn projects. In 1935 rearmament in contravention of the Treaty of Versailles added to the economy.
  
  The post-1931 financial crisis economic policies of expansionary fiscal policies (as Germany was off the gold standard) was advised by their non-Nazi Minister of Economics, Hjalmar Schacht, who in 1933 became the president of the central bank. Schacht later resigned from the post in 1938 and was replaced by Hermann Göring.
  
  The trading policies of the Third Reich aimed at self-sufficiency but with a lack of raw materials Germany would have to maintain trade links but on bilateral preferences, foreign exchange controls, import quotas, and export subsidies under what was called the "New Plan"(Neuer Plan) of 19 September 1934. The "New Plan" was based on trade with less developed countries who would trade raw materials for German industrial goods saving currency. Southern Europe was preferable to Western Europe and North America as there could be no trade blockades. This policy became known as the Grosswirtschaftsraum ("greater economic area") policy.
  
  Eventually, the Nazi party developed strong relationships with big business and abolished trade unions in 1933 in order to form the Reich Labour Service (RAD), German Labour Front (DAF) to set working hours, Beauty of Labour (SDA) which set working conditions, and Strength through Joy (KDF) to ensure sports clubs for workers.
  
  The Nazis rose to power while unemployment was very high, but achieved full employment later thanks to massive public works programmes such as the Reichsbahn, Reichspost, and the Reichsautobahn projects. In 1935 rearmament in contravention of the Treaty of Versailles added to the economy.
  
  The post-1931 financial crisis economic policies of expansionary fiscal policies (as Germany was off the gold standard) was advised by their non-Nazi Minister of Economics, Hjalmar Schacht, who in 1933 became the president of the central bank. Schacht later resigned from the post in 1938 and was replaced by Hermann Göring.
  
  The trading policies of the Third Reich aimed at self-sufficiency but with a lack of raw materials Germany would have to maintain trade links but on bilateral preferences, foreign exchange controls, import quotas, and export subsidies under what was called the "New Plan"(Neuer Plan) of 19 September 1934. The "New Plan" was based on trade with less developed countries who would trade raw materials for German industrial goods saving currency. Southern Europe was preferable to Western Europe and North America as there could be no trade blockades. This policy became known as the Grosswirtschaftsraum ("greater economic area") policy.
  
  Eventually, the Nazi party developed strong relationships with big business and abolished trade unions in 1933 in order to form the Reich Labour Service (RAD), German Labour Front (DAF) to set working hours, Beauty of Labour (SDA) which set working conditions, and Strength through Joy (KDF) to ensure sports clubs for workers.
  
  The Nazis rose to power while unemployment was very high, but achieved full employment later thanks to massive public works programmes such as the Reichsbahn, Reichspost, and the Reichsautobahn projects. In 1935 rearmament in contravention of the Treaty of Versailles added to the economy.
  
  The post-1931 financial crisis economic policies of expansionary fiscal policies (as Germany was off the gold standard) was advised by their non-Nazi Minister of Economics, Hjalmar Schacht, who in 1933 became the president of the central bank. Schacht later resigned from the post in 1938 and was replaced by Hermann Göring.
  
  The trading policies of the Third Reich aimed at self-sufficiency but with a lack of raw materials Germany would have to maintain trade links but on bilateral preferences, foreign exchange controls, import quotas, and export subsidies under what was called the "New Plan"(Neuer Plan) of 19 September 1934. The "New Plan" was based on trade with less developed countries who would trade raw materials for German industrial goods saving currency. Southern Europe was preferable to Western Europe and North America as there could be no trade blockades. This policy became known as the Grosswirtschaftsraum ("greater economic area") policy.
  
  Eventually, the Nazi party developed strong relationships with big business and abolished trade unions in 1933 in order to form the Reich Labour Service (RAD), German Labour Front (DAF) to set working hours, Beauty of Labour (SDA) which set working conditions, and Strength through Joy (KDF) to ensure sports clubs for workers.