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1931

  • Livre Relié
  • 272 Nombre de pages
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In 1931,Tobias Straumann reveals the story of the fatal crisis, demonstrating how a debt trap contributed to the rapid financial a... Lire la suite
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Description

In 1931,Tobias Straumann reveals the story of the fatal crisis, demonstrating how a debt trap contributed to the rapid financial and political collapse of a European country, and to the rise of the Nazi Party.

Germany's financial collapse in the summer of 1931 was one of the biggest economic catastrophes of modern history. It led to a global panic, brought down the international monetary system, and turned a worldwide recession into a prolonged depression. The German crisis also contributed decisively to the rise of Hitler. Soon after the crisis, the Nazi Party became the largest party of the country which paved the way for Hitler's eventual seizure of power in 1933. The reason for the financial collapse was Germany's large pile of foreign debt denominated in gold currency which condemned the government to cut spending, raise taxes, and lower wages in the middle of a worldwide recession. As the political resistance to this austerity policy grew, the German government began to question its debt obligations, prompting foreign investors to panic and sell their German assets. The resulting currency crisis led to the failure of the already weakened banking system and a partial sovereign default. Hitler managed to profit from the crisis, because he had been the most vocal critic of the reparation regime. As the financial system collapsed, his relentless attacks against foreign creditors and the alleged complicity of the German government resonated more than ever with the electorate. Sadly enough, Germany's creditors hesitated too long to take the wind out of Hitler's sails by offering debt relief. In 1931,Tobias Straumann reveals the story of the fatal crisis, demonstrating how a debt trap contributed to the rapid financial and political collapse of a European country, and to the rise of the Nazi Party.

A stunning, fast-paced and deeply researched narrative that accurately delineates the links between financial panic and political collapse in the most iconic case of all: the destruction of democracy in Weimar Germany.

Auteur
Tobias Straumann is an Associate Professor of Economic History at the University of Zurich. He is a member of the European Historical Economics Society and the academic council of the European Association for Banking and Financial History. Straumann has widely published in the area of twentieth-century European financial and monetary history, and is the author of Fixed Ideas of Money: Small States and Exchange Rate Regimes in Twentieth-Century Europe (Cambridge University Press, 2010), and co-author of The Value of Risk: Swiss Re and the History of Reinsurance (Oxford University Press, 2013).

Contenu

Preface; Introduction; Confidence; 1 Laughing at the Raven; 2 A Triumph of Diplomacy; 3 'Strong Cards to Play'; Indecision; 4 Hitler's Victory; 5 To the Brink and Back; 6 'The First Real Chancellor Since Bismarck'; Despair; 7 Squaring the Circle; 8 Help from Washington; 9 Endgame; 10 The Rise of Hitler; Epilogue; Sources; References; Notes; Index

Informations sur le produit

Titre: 1931
Sous-titre: Debt, Crisis, and the Rise of Hitler
Auteur:
Code EAN: 9780198816188
ISBN: 978-0-19-881618-8
Format: Livre Relié
Editeur: Oxford University Press
Genre: Management
nombre de pages: 272
Poids: 399g
Taille: H224mm x B144mm x T22mm
Année: 2019