Hyperinflation And Stabilization In Weimar Germany
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Hyperinflation and Stabilization in Weimar Germany by Steven Benjamin Webb Pdf
Tracing the links between the monetary phenomena of the post-World War I German inflation and its political roots, this study provides a non-technical explanation of the economics of inflation and explores the political events and institutions that contributed to the Weimar Republic's economic difficulties. Webb discusses such topics as Reichsbank credit and monetary policy; output and unemployment; government revenue and spending; capitalism, democracy, and reparations; and the political economy of Reichsbank policy.
German Hyperinflation 1922/23 by Wolfgang Chr Fischer Pdf
"The aim of this research monograph is to explore the establishment of a new economic order in the infant German Republic or often called Weimar Republic (Deutsches Reich) after World War I and its social and economic turbulance."--P. 1.
This book presents a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society--that in Germany during and following World War I. A broad, probing narrative, this book studies inflation as a strategy of social pacification and economic reconstruction and as a mechanism for escaping domestic and international indebtedness. The Great Disorder is a study of German society under the tension of inflation and hyperinflation, and it explores the ways in which Germany's hyperinflation and stabilization were linked to the Great Depression and the rise of National Socialism. This wide-ranging study sets German inflation within the broader issues of maintaining economic stability, social peace, and democracy and thus contributes to the general history of the twentieth century and has important implications for existing and emerging market economies facing the temptation or reality of inflation.
Culture and Inflation in Weimar Germany by Bernd Widdig Pdf
For many Germans the hyperinflation of 1922 to 1923 was one of the most decisive experiences of the twentieth century. In his original and authoritative study, Bernd Widdig investigates the effects of that inflation on German culture during the Weimar Republic. He argues that inflation, with its dynamics of massification, devaluation, and the rapid circulation of money, is an integral part of modern culture and intensifies and condenses the experience of modernity in a traumatic way.
David Laidler,George W. Stadler,University of Western Ontario. Department of Economics
Author : David Laidler,George W. Stadler,University of Western Ontario. Department of Economics Publisher : London, Ont. : Department of Economics, University of Western Ontario Page : 54 pages File Size : 52,9 Mb Release : 1995 Category : Germany ISBN : UCSD:31822021207618
Monetary Explanations of the Weimar Republic's Hyperinflation by David Laidler,George W. Stadler,University of Western Ontario. Department of Economics Pdf
Historians of the stabilization phase of Weimar Germany tend to identify German recovery after the First World War with the struggle to revise reparations and control hyperinflation. Focusing primarily on economic aspects is not sufficient, however, the author argues; the financial burden of recovery was only one of several major causes of reaction against the republic. Drawing on material from major German cities, he is able to trace the emergence of strong local activism and of comprehensive and functional policies of recovery on the municipal level which enjoyed broad political backing. Ironically, these same programs that created consensus also contained the potential for destabilization: they unleashed intense debate over the needs of the consumersand the purpose and extent of public spending, and with that of government intervention more generally, which accelerated the fragmentation of bourgeois politics, leading to the final destruction of the Weimar Republic.
The 1920 ́s hyperinflation in the light of the Rational Expectations Hypothesis by Arturo Minet Pdf
Essay from the year 2006 in the subject Economics - History, grade: 1,0, University of Warwick, course: International Economic Systems since 1918, language: English, abstract: After the First World War, Europe had lost its unrivalled economic hegemony over the rest of the world. The very fundament of the world economy, which supposedly had given stability over all the years, namely the gold standard, had practically disappeared. Except for the US Dollar, major currencies were no more backed by gold. During the years of 1914 - 1918, the European great powers had to give up the gold standard to be able to finance the cost of war. This was done mostly by printing large sums of money and by uncontrolled borrowing. The reluctance of the governments to levy higher taxes made short- and long-term debt enormous. After the Great War public expenditure rose even more in most countries due to the reparation and reconstruction costs. The unavoidable consequence (in absence of a restrictive monetary policy) was inflation. This essay is going to describe what happened to those states which experienced hyperinflation and how the abrupt end of it can be explained in terms of the Rational Expectations Hypothesis.
From Recovery to Catastrophe by Benjamin David Lieberman Pdf
Extends the analysis of German stabilization after World War I beyond the often considered economic issues of reparations and hyperinflation to trace the emergence of strong local activism and comprehensive, functional policies on the municipal level. Drawing on local material from major cities, shows how those very programs sowed the seeds of destabilization and accelerated the fragmentation of bourgeois politics. Annotation copyrighted by Book News, Inc., Portland, OR
“Riveting…An elegantly composed study, important and even timely” (Kirkus Reviews, starred review) history of the Third Reich—how Adolf Hitler and a core group of Nazis rose from obscurity to power and plunged the world into World War II. In “the new definitive volume on the subject” (Houston Press), Thomas Childers shows how the young Hitler became passionately political and anti-Semitic as he lived on the margins of society. Fueled by outrage at the punitive terms imposed on Germany by the Versailles Treaty, he found his voice and drew a loyal following. As his views developed, Hitler attracted like-minded colleagues who formed the nucleus of the nascent Nazi party. Between 1924 and 1929, Hitler and his party languished in obscurity on the radical fringes of German politics, but the onset of the Great Depression gave them the opportunity to move into the mainstream. Hitler blamed Germany’s misery on the victorious allies, the Marxists, the Jews, and big business—and the political parties that represented them. By 1932 the Nazis had become the largest political party in Germany, and within six months they transformed a dysfunctional democracy into a totalitarian state and began the inexorable march to World War II and the Holocaust. It is these fraught times that Childers brings to life: the Nazis’ unlikely rise and how they consolidated their power once they achieved it. Based in part on German documents seldom used by previous historians, The Third Reich is a “powerful…reminder of what happens when power goes unchecked” (San Francisco Book Review). This is the most comprehensive and readable one-volume history of Nazi Germany since the classic The Rise and Fall of the Third Reich.
Presents a history of the 1923 German economic crisis that made the currency worthless, reduced the country to a barter economy, and left severe social unrest in its wake.
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
"Excellent . . . Mr. Taylor tells the history of the Weimar inflation as the life-and-death struggle of the first German democracy . . . This is a dramatic story, well told." --The Wall Street Journal
