Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104140
Authors: 
Spree, Reinhard
Year of Publication: 
2004
Series/Report no.: 
Munich Discussion Paper 2004-15
Abstract (Translated): 
The proposed paper will discuss the controversy on Germany’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 Hitler’s work creation programs have to be re-evaluated: these programs were not the causes of Germany’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 “normalisation” of the structural relations between factor prices and productivity, i. e. the improvement of supply conditions and profit chances.
Subjects: 
Unemployment
Work Creation Programs
Business Cycles
Great Depression
National Socialism
Rearmament
JEL: 
E62
H53
J23
N34
N44
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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