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Q.

Who among the following was assigned the responsibility of economic recovery by Hitler?


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a

Goebbels

b

Hindenburg

c

Hjalmar Schacht

d

Adam Smith 

answer is C.

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Detailed Solution

The responsibility of economic recovery was given to Hjalmar Schacht by Hitler.
Hjalmar Schacht helped a lot in the founding of the German Democratic Party in 1918. He was a German economist, politician, and banker. He was the President of Reichsbank. He also apprehended Gestapo. The people’s automobile, Volkswagen, was established by him. He used a government-funded work program and focused on giving the full output of production and a full level of employment. Hjalmar Schacht argues that the government did not give the full responsibilities, which may lead to deindustrialization. Hitler gave the economic responsibilities to him so that the recovery would be at a greater pace with new ideas and system handling.
 
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