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Uncertainty and Hyperinflation: European Inflation Dynamics After World War I
FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER June 2018 Working Paper 2018-06 https://www.frbsf.org/economic-research/publications/working-papers/2018/06/ Suggested citation: Lopez, Jose A., Kris James Mitchener. 2018. “Uncertainty and Hyperinflation: European Inflation Dynamics after World War I,” Federal Reserve Bank of San Francisco Working Paper 2018-06. https://doi.org/10.24148/wp2018-06 The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER* May 9, 2018 ABSTRACT. Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and Hungary (GAPH) suffered from frequent uncertainty shocks – and correspondingly high levels of uncertainty – caused by protracted political negotiations over reparations payments, the apportionment of the Austro-Hungarian debt, and border disputes. In contrast, other European countries exhibited lower levels of measured uncertainty between 1919 and 1925, allowing them more capacity with which to implement credible commitments to their fiscal and monetary policies. -
Nazi Germany and the Jews Ch 3.Pdf
AND THE o/ w VOLUME I The Years of Persecution, i933~i939 SAUL FRIEDLANDER HarperCollinsPííMí^ers 72 • THE YEARS OF PERSECUTION, 1933-1939 dependent upon a specific initial conception and a visible direction. Such a CHAPTER 3 conception can be right or wrong; it is the starting point for the attitude to be taken toward all manifestations and occurrences of life and thereby a compelling and obligatory rule for all action."'^'In other words a worldview as defined by Hitler was a quasi-religious framework encompassing imme Redemptive Anti-Semitism diate political goals. Nazism was no mere ideological discourse; it was a political religion commanding the total commitment owed to a religious faith."® The "visible direction" of a worldview implied the existence of "final goals" that, their general and hazy formulation notwithstanding, were sup posed to guide the elaboration and implementation of short-term plans. Before the fall of 1935 Hitler did not hint either in public or in private I what the final goal of his anti-Jewish policy might be. But much earlier, as On the afternoon of November 9,1918, Albert Ballin, the Jewish owner of a fledgling political agitator, he had defined the goal of a systematic anti- the Hamburg-Amerika shipping line, took his life. Germany had lost the Jewish policy in his notorious first pohtical text, the letter on the "Jewish war, and the Kaiser, who had befriended him and valued his advice, had question" addressed on September 16,1919, to one Adolf Gemlich. In the been compelled to abdicate and flee to Holland, while in Berlin a republic short term the Jews had to be deprived of their civil rights: "The final aim was proclaimed. -
When Fear Is Substituted for Reason: European and Western Government Policies Regarding National Security 1789-1919
WHEN FEAR IS SUBSTITUTED FOR REASON: EUROPEAN AND WESTERN GOVERNMENT POLICIES REGARDING NATIONAL SECURITY 1789-1919 Norma Lisa Flores A Dissertation Submitted to the Graduate College of Bowling Green State University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY December 2012 Committee: Dr. Beth Griech-Polelle, Advisor Dr. Mark Simon Graduate Faculty Representative Dr. Michael Brooks Dr. Geoff Howes Dr. Michael Jakobson © 2012 Norma Lisa Flores All Rights Reserved iii ABSTRACT Dr. Beth Griech-Polelle, Advisor Although the twentieth century is perceived as the era of international wars and revolutions, the basis of these proceedings are actually rooted in the events of the nineteenth century. When anything that challenged the authority of the state – concepts based on enlightenment, immigration, or socialism – were deemed to be a threat to the status quo and immediately eliminated by way of legal restrictions. Once the façade of the Old World was completely severed following the Great War, nations in Europe and throughout the West started to revive various nineteenth century laws in an attempt to suppress the outbreak of radicalism that preceded the 1919 revolutions. What this dissertation offers is an extended understanding of how nineteenth century government policies toward radicalism fostered an environment of increased national security during Germany’s 1919 Spartacist Uprising and the 1919/1920 Palmer Raids in the United States. Using the French Revolution as a starting point, this study allows the reader the opportunity to put events like the 1848 revolutions, the rise of the First and Second Internationals, political fallouts, nineteenth century imperialism, nativism, Social Darwinism, and movements for self-government into a broader historical context. -
Versailles (Hellerau, 1927). Even Deutschland, Frankreich Und
BIBLIOGRAPHICAL NOTE Most of the sources on German history from 1890 to the end of the Weimar Republic are of use in a study of Maximilian Har den. In the following paragraphs are noted, besides the un published sources, only the published materials that deal directly with Harden, and the general works or monographs on the period that have been used most extensively. Many works cited in the text are not listed here; a complete reference to each one is found in its first citation. The indispensable source of information on Harden is the magazine he edited from 1892 until 1922. The one hundred and eighteen volumes of the Zukunft contain the bulk of his essays, commentaries, and trial records, as well as many private letters to and from him. The Zukunft was the inspiration or the source for Harden's principal pamphlets and books, namely Kampfge nosse Sudermann (Berlin, 1903); KopJe (4 vols., Berlin, 1911-1924); Krieg und Friede (2 vols., Berlin, 1918); and Von Versailles nach Versailles (Hellerau, 1927). Even Deutschland, Frankreich und England (Berlin, 1923), written after the Zukun}t had ceased publication, was in large a repetition of Zukunft articles. Harden's earliest work, Berlin als Theaterhauptstadt (Berlin, 1889), consisted in part of pieces he had written for Die Nation. Apostata (Berlin, 1892), Apostata, neue Folge (Berlin, 1892), andLiteraturund Theater (Berlin, 1896), were collections of his essays from Die Gegenwart. The Gegenwart and the other magazines for which he wrote before 1892 - Die Nation, Die Kunstwart, and M agazin fur Litteratur - are also indispensable sources. Harden's published writings also include articles in other German and foreign newspapers and magazines. -
German Politics and the 'Jewish Question', 1914-1919
German Politics and the 'Jewish Question', 1914-1919 Lucia Juliette Linares Darwin College Dissertation submitted for the degree of Doctor of Philosophy August 2019 PREFACE I hereby declare that this dissertation is the result of my own work and includes nothing which is the outcome of work done in collaboration except as declared in the preface and specified in the text. It is not substantially the same as any other work that I have submitted, or, is being concurrently submitted for a degree or diploma or other qualification at the University of Cambridge or any other university or similar institution except as declared in the preface and specified in the text. I further state that no substantial part of my dissertation has already been submitted, or, is being concurrently submitted for any such degree, diploma or other qualification at the University of Cambridge or any other university or similar institution except as declared in the preface and specified in the text. It does not exceed the prescribed word limit for the Faculty of History. All translations are my own unless specified in the text. i ABSTRACT German Politics and the 'Jewish Question', 1914-1919 Lucia Juliette Linares The First World War confronted German politicians with a range of unprecedented, vital questions in the spheres of domestic as well as foreign policy. As the fortunes of war shifted, so did borders, populations and national allegiances. In a period of acute and almost constant political crisis, the German government faced issues concerning citizenship, minority rights, religious identity, nationhood and statehood. My dissertation analyses these issues through the prism of the so-called 'Jewish Question'. -
German Hegemony and the Socialist International's Place in Interwar
02_EHQ 31/1 articles 30/11/00 1:53 pm Page 101 William Lee Blackwood German Hegemony and the Socialist International’s Place in Interwar European Diplomacy When the guns fell silent on the western front in November 1918, socialism was about to become a governing force throughout Europe. Just six months later, a Czech socialist could marvel at the convocation of an international socialist conference on post- war reconstruction in a Swiss spa, where, across the lake, stood buildings occupied by now-exiled members of the deposed Habsburg ruling class. In May 1923, as Europe’s socialist parties met in Hamburg, Germany, finally to put an end to the war-induced fracturing within their ranks by launching a new organization, the Labour and Socialist International (LSI), the German Communist Party’s main daily published a pull-out flier for posting on factory walls. Bearing the sarcastic title the International of Ministers, it presented to workers a list of forty-one socialists and the national offices held by them in Germany, Austria, Czechoslovakia, Belgium, Poland, France, Sweden, and Denmark. Commenting on the activities of the LSI, in Paris a Russian Menshevik émigré turned prominent left-wing pundit scoffed at the new International’s executive body, which he sarcastically dubbed ‘the International Socialist Cabinet’, since ‘all of its members were ministers, ex-ministers, or prospec- tive ministers of State’.1 Whether one accepted or rejected its new status, socialism’s virtually overnight transformation from an outsider to a consummate insider at the end of Europe’s first total war provided the most striking measure of the quantum leap into what can aptly be described as Europe’s ‘social democratic moment’.2 Moreover, unlike the period after Europe’s second total war, when many of socialism’s basic postulates became permanently embedded in the post-1945 social-welfare-state con- European History Quarterly Copyright © 2001 SAGE Publications, London, Thousand Oaks, CA and New Delhi, Vol. -
Sozialdemokratische Partei Deutschlands (SPD) in Sachsen
Schlagwort-Nr. 6098. Online seit 31.07.2013, aktualisiert am 06.05.2019. Sozialdemokratische Partei Deutschlands (SPD) in Sachsen Während des Ersten Weltkriegs spalteten sich auch in Sachsen die Sozialdemokratische Partei Deutschlands (SPD) in einen Unabhängigen (USPD) und einen Mehrheitsflügel (MSPD). Jedoch trat nur der Bezirk Leipzig benahe geschlossen zur USPD über, so dass die MSPD bis auf regionale Ausnahmen in den meisten Gebieten Sachsens ihre dominante Position innerhalb der Arbeiterschaft behaupten konnte. Da jedoch die nach der Novemberrevolution 1918 auch in Sachsen gebildete sozialliberale Koalition – die SPD hatte bei den Wahlen zur Volkskammer am 2. Februar 1919 41,6% der Stimmen bzw. 42 Mandate gewonnen – in Verbindung mit Reichswehr und Freikorps gegen revoltierende Arbeiter einschritt und gleichzeitig prinzipiell eine Mehrheit für eine sozialistische Einheitsregierung bestand, schwenkte die MSPD immer weiter nach links. Gleichzeitig erneuerte sich die schon vor dem Kriege bestehende Polarisierung zwischen sozialistischen und bürgerlichen Parteien, die in der Folgezeit eine Zusammenarbeit beider Lager erschwerte, oft sogar verhinderte. Nach den Landtagswahlen am 14. November 1920, bei denen die SPD nur noch auf 28,3% bzw. 27 Mandate kam, setzte sich schließlich die Richtung durch, die eine von der Kommunistischen Partei Deutschlands (KPD) tolerierte Koalition aus MSPD und USPD einer Zusammenarbeit mit Deutscher Demokratischer Partei (DDP) und Deutscher Volkspartei (DVP) vorzog. Die linksrepublikanische Regierung betrieb energische Reformen insbesondere in den Bereichen Schul- und Kommunalpolitik, im Justiz- und Polizeiwesen sowie in der Wirtschaft. Im Herbst 1922 vereinigten sich beide Parteien relativ konfliktfrei zur Vereinigten SPD (VSPD). Die wiedervereinigte Partei kam bei den Landtagswahlen am 5. November 1922 wieder auf 41,8%. -
Did Weimar Have a National Ethnic Policy? 57
Did Weimar Have a National Ethnic Policy? R. Carey Goodman Ill Statesmen and citizens of the Weimar Republic expressed a concern for their ethnic kinsmen outside German borders that was unprecedented in the Reich's history. This concern had both private and official manifestations. The private movement, often called the Auslandsdeutsche movement, spawned a multitude of organizations and a flood of literature on the subject. Government activity included diplomatic initiatives and spending hundreds of millions of marks.' This paper analyzes the official aspect: the Weimar government's attention to Germans outside the state's borders, and more specifically, to those inhabiting territory ceded under the terms of the Versailles Treaty. The focus is on the development and nature of Weimar policy towards these Germans, that is, Weimar's national ethnic or Deutsch tum policy. 2 Furthermore, such a study reveals new evidence for the ongoing inquiry as to whether Weimar Germany's foreign policy was revisionist, that is, whether it sought to revise the Treaty of Versailles's territorial provisions, or not. This concern for Germans abroad and the ensuing need for a policy towards them resulted primarily from two events: the First World War and the peace terms arranged in 1919. The First World War was the "hour of birth" of the Auslandsdeutsche movement. 3 Before 1914 the Reich government essen tially neglected foreign Germans, and private initiatives concentrated on cultural support, especially for German schools. 4 During and after the war, the German public's new-found attachment to Germans outside the Reich's borders was expressed in the revival of nineteenth-century pan-German organizations such as the Verein fi.ir das Deutschtum im Ausland and the Alldeutscher Verband, and in the creation of new organizations like the R. -
GERMANY for Australian Senior Secondary Students of Age of Imperialism Modern History
NELSON NELSON MODERNHISTORY MODERNHISTORY NELSON MODERNHISTORY Nelson Cengage has developed this series A Globalised World GERMANY for Australian senior secondary students of Age of Imperialism Modern History. The series includes titles Australia 1918–1950s that encompass the period from the 18th GERMANY century to the contemporary world and China and Revolution they explore the social, cultural and political Civil Rights in the United States of America developments that shape the 21st century. Decolonisation Written by experienced educators and 1918–1945 1918–1945 Germany 1918–1945 experts in their fields, each book builds on India a narrative framework to incorporate recent research and historiography, primary and Recognition and Rights of Indigenous Peoples secondary sources, and learning activities. Russia and the Soviet Union These key features combine to support the The American Revolution development of historical knowledge and The Changing World Order understanding and historical skills that will enable students to interpret and reflect on The Enlightenment the experience and developments that have The French Revolution created the world in which they live. The Industrial Revolution The Struggle for Peace in the Middle East United States of America 1917–1945 Germany 1918–1945 Women’s Movements The Stahlhelm (steel helmet) was introduced to the German Army in early 1916 as a protective Workers’ Rights helmet. Replacing earlier cloth and leather headgear such as the Pickelhaube, the Stahlhelm has become a potent symbol of German militarism in the first half of the 20th century. During the 1920s the right-wing veteran’s organisation, Der Stahlhelm, Bund der Frontsoldaten, which became the paramilitary wing of the German National People’s Party and was later absorbed into the SA, used the helmet as both its name and symbol. -
„Mein Schöner Verlag, Williams & Co.“
Frank Flechtmann Wo erschien die Reihe ‚Doktor Dolittle’ ? Pu der Bär ? „Mein schöner Verlag, Williams & Co.“ Emil und die Detektive ? Erinnerung an Edith Jacobsohn Wo erschien ein Kinderbuch von Walt Disney erstmals in deutscher Sprache ? Über einen vergessenen Verlag berühmter Bücher Welcher Verlag veröffentlichte ein Jugendbuch von Hans Stuck über seine Autorennen ? mit einer Bibliografie 1925 – 1955 Berlin 2010 Ergänzte und verbesserte Textausgabe der illustrierten Broschüre zur Ausstellung über den Williams & Co. Verlag, die in der Theodor-Fontane-Bibliothek in Berlin-Wilmersdorf gezeigt wurde vom 4. Dezember 1997 bis zum 30. Januar 1998. Im April 1924 gründeten drei Damen auf ungewöhnliche Weise einen sie dann sogar noch in der Emigration. Sie benutzte meist das Pseudonym Verlag: zwei gingen in Köln zum Notar, eine in Berlin. Die ersteren stiegen E(dith) L(otte) Schiffer, ihren Geburtsnamen. schon bald wieder aus, sodaß die dritte als „die Verlegerin“ anzusehen ist: Mit der alten Freundin Edith Lillie Weinreich geb. Williams betrieb sie vor Edith Jacobsohn, die Frau des Weltbühne-Herausgebers, führte den Williams 1924 die Internationale Übersetzungs-Agentur und konnte später neben der & Co. Verlag anfangs im Gebäude des Weltbühne-Büros in Charlottenburg Tätigkeit für Williams & Co. sogar noch für andere Verlage einige Werke am Lietzensee, nach dem überraschenden Tod des Gatten (Ende 1926) dann aus dem Englischen übersetzen6. Nur weniges wurde unter dem Doppel- im Schlafzimmer der Wohnung Douglasstraße in Berlin-Grunewald1. Pseudonym „E. L. Schiffer-Williams“ gemeinsam übersetzt. (Abb. 1 und 2: Verlagsvertrag mit Unterschriften am 4. April 1924 ; hier S. 4 und 5) Die dritte Gründerin taucht nicht weiter auf. Denn Annie Williams geb. -
Kurt Von Schleicher the Soldier and Politics in the Run-Up to National Socialism: a Case Study of Civil-Military Relations
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Calhoun, Institutional Archive of the Naval Postgraduate School Calhoun: The NPS Institutional Archive Theses and Dissertations Thesis Collection 2013-06 Kurt von Schleicher the soldier and politics in the run-up to national socialism: a case study of civil-military relations Bitter, Alexander B. Monterey, California: Naval Postgraduate School http://hdl.handle.net/10945/34631 NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA THESIS KURT VON SCHLEICHER—THE SOLDIER AND POLITICS IN THE RUN-UP TO NATIONAL SOCIALISM: A CASE STUDY OF CIVIL-MILITARY RELATIONS by Alexander B. Bitter June 2013 Thesis Co-Advisors: Donald Abenheim Carolyn Halladay Approved for public release; distribution is unlimited THIS PAGE INTENTIONALLY LEFT BLANK REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704–0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instruction, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to Washington headquarters Services, Directorate for Information Operations and Reports, 1215 Jefferson Davis Highway, Suite 1204, Arlington, VA 22202–4302, and to the Office of Management and Budget, Paperwork Reduction Project (0704–0188) Washington DC 20503. 1. AGENCY USE ONLY (Leave blank) 2. REPORT DATE 3. REPORT TYPE AND DATES COVERED June 2013 Master’s Thesis 4. TITLE AND SUBTITLE 5. FUNDING NUMBERS KURT VON SCHLEICHER—THE SOLDIER AND POLITICS IN THE RUN-UP TO NATIONAL SOCIALISM: A CASE STUDY OF CIVIL-MILITARY RELATIONS 6. -
Das Kabinett Scheidemann, Die Oberste Heeresleitung Und Der Vertrag Von Versail Les Im Juni 1919
Dokumentation HORST MÜHLEISEN ANNEHMEN ODER ABLEHNEN? Das Kabinett Scheidemann, die Oberste Heeresleitung und der Vertrag von Versail les im Juni 1919 Fünf Dokumente aus dem Nachlaß des Hauptmanns Günther von Poseck* Für Walter Heinemeyer zum 75. Geburtstag am 5. August 1987 1. Die Bedeutung der Dokumente Die Ereignisse in Weimar, nach Rückkehr der deutschen Friedensdelegation aus Versailles am 18. Juni 1919, können „immer noch nicht bis in die letzten Einzelhei ten"1 rekonstruiert werden. Eine von Wilhelm Ziegler bereits 1932 geäußerte Ansicht, ein wirklich exaktes Bild von der genauen Reihenfolge der einzelnen Aktionen sei kaum zu gewinnen2, wurde durch die Forschungen von Hagen Schulze bestätigt3. Schulze konnte eine „Aufzeichnung des Ersten Generalquartiermeisters [General leutnant Groener] über die Tage in Weimar vom 18. bis zum 20. Juni 1919" vorle gen4, die im Nachlaß Schleicher vorhanden ist5. Im Mittelpunkt dieser Niederschrift stehen die drei Sitzungen vom 19. Juni 1919 und die beiden Besprechungen Groeners am 18. Juni mit dem preußischen Kriegsmi nister, Oberst Reinhardt, bzw. am 20. Juni 1919 mit Reichswehrminister Noske. * Dem Präsidenten des Bundesarchivs Koblenz, Herrn Prof. Dr. Hans Booms, danke ich sehr für sein förderndes Interesse, mit dem er diese Dokumentation unterstützt hat. Herrn Archivdirektor Dr. Gerhard Granier, Bundesarchiv - Militärarchiv in Freiburg i.Br., bin ich für seine ergänzenden und wertvollen Mitteilungen zu Dank verpflichtet. 1 Udo Wengst, Graf Brockdorff-Rantzau und die außenpolitischen Anfänge der Weimarer Republik (Moderne Geschichte und Politik, Bd. 2), Frankfurt/M. 1973, S. 88. 2 Wilhelm Ziegler, Die deutsche Nationalversammlung 1919/20 und ihr Verfassungswerk, Berlin 1932, S. 76. 3 Akten der Reichskanzlei. Weimarer Republik.