What was the objective of Hjalmar Schacht's New Plan from 1934 to 1936?

The objective of Hjalmar Schacht's New Plan from 1934 to 1936 was to achieve economic recovery and self-sufficiency for Germany. Following the severe economic challenges faced during the Great Depression, Schacht aimed to address high unemployment and stimulate the economy. His approach included increasing production and encouraging the development of domestic industries to reduce reliance on foreign imports, thus promoting economic independence.

This plan involved systematic state intervention in the economy, such as regulating trade and controlling currency, to ensure that resources were directed towards achieving these goals. By prioritizing self-sufficiency, Germany sought to strengthen its economy and prepare for future military expansion, which was aligned with the broader goals of the Nazi regime. Schacht's New Plan laid the groundwork for transforming the German economy during this period, moving it toward autarky and preparing for the militarization that would follow later.