The Great Disorder: Politics, Economics, and Society in the German Inflation, 1914-1924
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.
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abroad agreement Allies argued bankers banks Berlin billion marks Bücher capital coal costs creased crisis debts demands depreciation Deutsche Bank DNVP domestic effort employers Erzberger especially exchange rate export firms foreign exchange French Germany’s gold marks Hans von Raumer Havenstein Helfferich Hirsch Hugo Stinnes hyperinflation important industrialists inflation inflationary interest issue Koeth labor leaders levy loan major many’s Max Warburg measures meeting ment Minister Ministry monetary municipalities needed negotiations nomic Office organization payments percent political position possible prewar price increases problem production profits proposal question railroad Rathenau reduced Reich Economic Reichsbank Reichstag Reparations Commission retailers Ruhr situation social Socialist speculation stabilization Stinnes Stinnes's taxation tion trade unions Treasury bills Treaty Treaty of Versailles unemployment Vögler wages war bonds Weimar Republic Wirth workers