About the Relative Efficiency of the Nazi Work Creation Programs
The proposed paper will discuss the controversy on Germanyâ€™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 Hitlerâ€™s work creation programs have to be re-evaluated: these programs were not the causes of Germanyâ€™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 â€œnormalisationâ€ of the structural relations between factor prices and productivity, i. e. the improvement of supply conditions and profit chances.
|Date of creation:||Jun 2004|
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