Hjalmar Schacht was replaced in September 1936 by Hitler's lieutenant Hermann Goering, with a mandate to make Germany self-sufficient to fight a war within four years.[10] Under Goering imports were slashed. Wages and prices were controlled--under penalty of being sent to the concentration camp. Dividends were restricted to six percent on book capital. And strategic goals to be reached at all costs (much like Soviet planning) were declared: the construction of synthetic rubber plants, more steel plants, automatic textile factories.[10]
While the strict state intervention into the economy, and the massive rearmament policy, led to full employment during the 1930s, real wages in Germany dropped by roughly 25% between 1933 and 1938. [11] Trade unions were abolished, as well as collective bargaining and the right to strike. [12] The right to quit also disappeared: Labour books were introduced in 1935, and required the consent of the previous employer in order to be hired for another job. [12]
Another part of the new German economy was massive rearmament, with the goal being to expand the 100,000-strong German Army into a force of millions. The Four-Year Plan was discussed in the controversial Hossbach Memorandum, which provides the "minutes" from one of Hitler's briefings.
Nevertheless, the war came and although the Four-Year Plan technically expired in 1940, Hermann Göring had built up a power base in the "Office of the Four-Year Plan" that effectively controlled all German economic and production matters by this point in time. In 1942 the growing burdens of the war and the death of Todt saw the economy move to a full war economy under Albert Speer.
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