Autarky Meaning  

Definition of Autarky: Autarky is an economic policy to have a closed economy and not allow any external trade.In practice a policy of autarky may refer to attempts to reduce a country's dependence on external trade. For example, imposing tariffs and quotes may restrict trade even if it can not be entirely abolished.

In the nineteenth century, Japan was an example of a closed economy with virtually no contact with the outside world.

Autarky and Hitler

Hitler pursued a policy of autarky. It was his ambition to make Germany self sufficient. However, this policy of autarky was dependent on his other policy of lebensraum which involved increasing the size of Germany through conquest. In practice Hitler never achieved autarky and depended on the import of oil, even though Germany did expand to include all occupied territories.

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