FASCIST AND COMMUNIST GOVERNMENTS
B. By wielding complete control over all aspects of the economy, dictators were able to stabilize their economies.
Both the fascist government of Nazi Germany and the communist government of the Soviet Union took control of the economy in order to address the effects of the Great Depression.
The Nazi government implemented the Four Year Plan, which centralized the economy and placed heavy emphasis on military-related industries.
The Soviet government, under the leadership of Joseph Stalin, implemented a series of five-year plans which focused on rapid industrialization and the collectivization of agriculture. In both cases, the governments took complete control over the economy in order to direct resources and labor towards their own priorities.
This allowed them to stabilize their economies, at least in the short term, although it came at a significant cost in terms of individual freedoms and human rights.
