Debt, Crisis, and the Rise of Hitler
CD - unabridged
Audio (8 discs)
Product Number: DD43257
Released: Jun 01, 2019
Business Term: Purchase
ISBN: #9781684570249
Narrator/s: Nigel Patterson
Publisher: Highbridge Company
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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 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. 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.


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Product Number: BX00123052
Product Number:DD43257
Product Number:Z100150149

All formats/editions

Author(s): Tobias Straumann
Narrator(s): Nigel Patterson
Product Number Z100150149
Released: Jun 01, 2019
Business Term: Purchase
Publisher: Highbridge Company
ISBN: #9781684570256

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