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Who among the following was assigned the responsibility of economic recovery by Hitler?
[2010 (T-1)]
- a)Goebbels
- b)Hindenburg
- c)Hjalmar Schacht
- d)Adam Smith
Correct answer is option 'C'. Can you explain this answer?
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Who among the following was assigned the responsibility of economic re...
Responsibility of Economic Recovery by Hitler
The person assigned the responsibility of economic recovery by Hitler was Hjalmar Schacht.
Reasoning:
- Hjalmar Schacht was an economist and banker who played a crucial role in implementing Hitler's economic policies.
- He served as the President of the Reichsbank and Minister of Economics during the early years of Hitler's rule.
- Schacht was responsible for implementing various economic measures aimed at stimulating economic growth and reducing unemployment in Nazi Germany.
- He introduced public works programs, rearmament projects, and trade policies to boost the economy.
- Schacht also played a role in financing Hitler's military expansion by introducing policies such as the Mefo bills and the Four Year Plan.
- However, Schacht's influence waned over time, and he was eventually replaced by other economic advisors who advocated for more radical and aggressive economic policies.
Therefore, the correct answer is C: Hjalmar Schacht.
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Who among the following was assigned the responsibility of economic recovery by Hitler? [2010 (T-1)]a)Goebbelsb)Hindenburgc)Hjalmar Schachtd)Adam SmithCorrect answer is option 'C'. Can you explain this answer?
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