German Economy: Post WWII

job opportunities open to citizens. This was implemented in order to channel workers into industries that were deemed most important to the welfare of the country. The Germany government also instituted piecework instead of hourly wages in many industries, paying workers for production and not hours worked. Hitler made it clear that the only way the German people would make extra money was to work longer or work harder.
             The government was also reducing taxes for companies that were investing in the economy and contributed to the growth of employment. By 1936 Hitler managed to cut Germany's unemployment by half and by 1939 it had virtually disappeared. Much of this is due to war production and the implementation of conscription with the German army being 1.4 million strong by 1939. Young men were being employed to build war factories to produce weapons, tanks, airplanes, and other war-related materials.
             Hitler put the country under price control in 1936 so that his government could buy war materials at artificially low prices and in 1939, one of Hitler's top Nazi deputies imposed rationing, limited its citizens to 2,000 calories per day. During WWII, Hitler imposed flagrant violations of price control that resulted in the death penalty. By the year 1948, the German people had lived with price control for twelve years and price rationing for nine years. These price controls, especially on food were so severe that the German people would start to grow their food while others made long trips to the country side to barter for food. This practice was very inefficient compared to straight purchases of goods and food that you would buy from a store, in essence, it created a large black market. Germany's currency, the Reichsmark, had become completely worthless. "Barter was so widespread in business to business transactions that many firms hired a "compensator," a specialist who bartered his firm's output for needed inputs and often had ...

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German Economy: Post WWII. (2013, April 23). In MegaEssays.com. Retrieved 18:03, September 16, 2026, from https://www.megaessays.com/viewpaper/204469.html