Answer:
During the Great Depression, Germany implemented several approaches to mitigate the economic crisis and address the widespread unemployment and poverty. Here is a summary of the German approach:
Step-by-step explanation:
1. Public Works Projects: The German government invested in large-scale infrastructure projects, such as the construction of highways, bridges, and public buildings. These projects aimed to create jobs and stimulate economic activity.
2. Trade Policies: Germany pursued protectionist trade policies to shield domestic industries from foreign competition. This involved imposing high tariffs on imports and promoting exports to boost the economy.
3. Unemployment Relief: The government introduced social welfare programs and provided financial assistance to the unemployed. This included unemployment benefits, job training programs, and public works programs specifically designed to offer employment opportunities to those affected by the crisis.
4. Autarky: Germany aimed to achieve economic self-sufficiency by reducing dependence on imported goods. This involved encouraging the development of domestic industries and promoting the production of goods within the country.
5. Labor Market Reforms: The government implemented labor market reforms to regulate working conditions, improve wages, and protect workers' rights. These measures aimed to stabilize the workforce and restore confidence in the economy.
6. Expansion of the Military: To address unemployment and boost the economy, the German government increased military spending. This led to the expansion of the armed forces and the creation of new jobs in the defense sector.
It is important to note that these approaches were part of a larger strategy known as the New Plan, implemented under the leadership of Chancellor Heinrich Brüning and later continued by Adolf Hitler's Nazi regime. The German approach during the Great Depression was characterized by a combination of economic stimulus measures, protectionist policies, and social welfare programs to alleviate the impact of the crisis on the population.