1931

About the Author: Tobias Straumann

Is a well-known author, some of his books are a fascination for readers like in the 1931 book, this is one of the most wanted Tobias Straumann author readers around the world.


[Ebook] ↠ 1931  Author Tobias Straumann – Onedayyourdayweddings.co.uk
  • Hardcover
  • 272 pages
  • 1931
  • Tobias Straumann
  • 22 April 2017
  • 9780198816188

1931 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 Populist Attacks Against Foreign Creditors And The Alleged Complicity Of The German Government Resonated 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.

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