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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. -
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. -
Radio and the Rise of the Nazis in Prewar Germany
Radio and the Rise of the Nazis in Prewar Germany Maja Adena, Ruben Enikolopov, Maria Petrova, Veronica Santarosa, and Ekaterina Zhuravskaya* May 10, 2014 How far can the media protect or undermine democratic institutions in unconsolidated democracies, and how persuasive can they be in ensuring public support for dictator’s policies? We study this question in the context of Germany between 1929 and 1939. Radio slowed down the growth of political support for the Nazis, when Weimar government introduced pro-government political news in 1929, denying access to the radio for the Nazis up till January 1933. This effect was reversed in 5 weeks after the transfer of control over the radio to the Nazis following Hitler’s appointment as chancellor. After full consolidation of power, radio propaganda helped the Nazis to enroll new party members and encouraged denunciations of Jews and other open expressions of anti-Semitism. The effect of Nazi radio propaganda varied depending on the listeners’ predispositions toward the message. Nazi radio was most effective in places where anti-Semitism was historically high and had a negative effect on the support for Nazi messages in places with historically low anti-Semitism. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! * Maja Adena is from Wissenschaftszentrum Berlin für Sozialforschung. Ruben Enikolopov is from Barcelona Institute for Political Economy and Governance, Universitat Pompeu Fabra, Barcelona GSE, and the New Economic School, Moscow. Maria Petrova is from Barcelona Institute for Political Economy and Governance, Universitat Pompeu Fabra, Barcelona GSE, and the New Economic School. Veronica Santarosa is from the Law School of the University of Michigan. Ekaterina Zhuravskaya is from Paris School of Economics (EHESS) and the New Economic School. -
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'. -
Výmarská Ústava 1919
Univerzita Palackého v Olomouci Právnická fakulta Katedra teorie práva a právních dějin Milan Cigánek Výmarská ústava 1919 Diplomová práce Vedoucí diplomové práce: Mgr. Jana Janišová, Ph.D. OLOMOUC 2010 1 Já, níţe podepsaný Milan Cigánek, autor diplomové práce na téma „Výmarská ústava 1919“, která je literárním dílem ve smyslu zákona č. 121/2000 Sb., o právu autorském, o právech souvisejících s právem autorským, dávám tímto jako subjekt údajů svůj souhlas ve smyslu § 4 písm. e) zákona č. 101/2000 Sb., správci: Univerzita Palackého v Olomouci, Kříţkovského 8, Olomouc, 771 47, Česká Republika ke zpracování osobních údajů v rozsahu: jméno a příjmení v informačním systému, a to včetně zařazení do katalogů, a dále ke zpřístupnění jména a příjmení v informačních systémech Univerzity Palackého, a to včetně zpřístupnění pomocí metod dálkového přístupu. Údaje mohou být takto zpřístupněny uţivatelům sluţeb Univerzity Palackého. Realizaci zpřístupnění zajišťuje ke dni tohoto prohlášení patřičná vnitřní sloţka Univerzity Palackého, Knihovna UP. Souhlas se poskytuje na dobu ochrany autorského díla dle zákona č. 121/2000 Sb. *** Prohlašuji tímto, ţe moje osobní údaje výše uvedené jsou pravdivé. Prohlašuji, ţe jsem tuto diplomovou práci vypracoval samostatně a uvedl v ní veškerou literaturu a ostatní informační zdroje, které jsem pouţil. V Němčanech dne 28. 2. 2010 Milan Cigánek 2 Poděkování Rád bych touto cestou vyjádřil své upřímné poděkování za cenné připomínky, ochotu, pomoc a spolupráci vedoucí mé diplomové práce, paní Mgr. Janě Janišové, Ph.D. 3 Obsah 1. Úvod 7 1.1. Metodologie 8 1.2. Diskuse pramenů a literatury 9 2. Kontury vývoje Německa po prohrané válce 13 2.1. Předrevoluční tání 13 2.2. -
Max Weber Programme Annual Report on 201/17
ANNUAL REPORT ACADEMIC YEAR 2016-2017 The Max Weber Programme for Postdoctoral Studies ANNUAL REPORT ACADEMIC YEAR 2016/17 MAX WEBER PROGRAMME FOR POSTDOCTORAL STUDIES European University Institute Badia Fiesolana Via dei Roccettini, 9 50014 San Domenico di Fiesole (FI) – Italy Email: [email protected] www.eui.eu/MaxWeberProgramme PUBLISHED IN ITALY IN NOVEMBER 2017 BY THE EUROPEAN UNIVERSITY INSTITUTE © EUROPEAN UNIVERSITY INSTITUTE, 2017 The European Commission supports the EUI through the European Union budget. This publication reflects the views only of the author(s), and the Commission cannot be held responsible for any use which may be made of the information contained therein. Contents FOREWORD BY RICHARD BELLAMY, DIRECTOR OF THE MAX WEBER PROGRAMME 5 MAX WEBER PROGRAMME IN 2016-2017 STATISTICS 7 1. APPLICATIONS FOR THE 2016-2017 MAX WEBER FELLOWSHIPS 7 2. MAX WEBER FELLOWS: THE 2016-2017 COHORT 9 3. MAX WEBER FELLOWS AND THE JOB MARKET 13 MAX WEBER PROGRAMME ACTIVITIES 14 1. ACADEMIC PRACTICE 14 2. MULTIDISCIPLINARY RESEARCH 19 MAX WEBER PROGRAMME ACTIVITIES FEEDBACK 36 1. EVALUATION SURVEY 36 2. ACADEMIC PRACTICE GROUP REPORTS 40 3. THEMATIC GROUP REPORTS 43 MAX WEBER PROGRAMME ACADEMIC CAREERS OBSERVATORY (ACO) 47 MAX WEBER PROGRAMME STEERING COMMITTEE 48 MAX WEBER PROGRAMME TEAM 48 MAX WEBER FELLOWS 49 MAX WEBER PROGRAMME FOR POSTDOCTORAL STUDIES Foreword his report covers the first year of the Max Weber Programme Tsince moving to its new home in Villa Paola. As the report shows, it also coincided with yet another high number of applications to the Programme, and the largest intake of new Fellows so far. -
The Germans: "An Antisemitic People” the Press Campaign After 9 November 1938 Herbert Obenhaus
The Germans: "An Antisemitic People” The Press Campaign After 9 November 1938 Herbert Obenhaus The pogrom of 9-10 November 1938 gave rise to a variety of tactical and strategic considerations by the German government and National Socialist party offices. The discussions that took place in the Ministry of Propaganda - which in some respects played a pivotal role in the events, due largely to its minister, Josef Goebbels - were of particular significance. On the one hand, the ministry was obliged to document the "wrath of the people" following the assassination of Ernst vom Rath; on the other hand, it was also responsible for manipulating the population by influencing the press and molding opinion. Concerning the events themselves, the main issue was what kind of picture the press was conveying to both a national and an international readership. In the ministry, this prompted several questions: Could it be satisfied with the reactions of the population to vom Rath's murder? What explanation could be given for the people's obvious distance to the events surrounding 9 November? Should the press make greater efforts to influence the opinions prevalent among the population? Should special strategies for the press be developed and pursued after 9 November 1938? Moreover, since the pogrom proved to be a turning point in the regime's policies towards German Jews and marked the beginning of a qualitative change, how should the press react to these changes ? Press activity was also conducted on a second level, that of the NSDAP, which had its own press service, the Nationalsozialistische Partei- Korrespondenz (NSK).1 As was the case with Goebbels' ministry, the 1 It was published in 1938 with the publisher's information, "Commissioned by Wilhelm Weiss responsible for the reports from the Reichspressestelle: Dr. -
00 Primeras Paginas Rha5
RHA, Vol. 5, Núm. 5 (2007), 15-28 ISSN 1697-3305 GERMAN STATE ACTION AND RAILWAY POLICY DURING THE 20TH CENTURY Ralf Roth* Recibido: 3 Junio 2007 / Revisado: 4 Septiembre 2007 / Aceptado: 1 Octubre 2007 INTRODUCTION and Württemberg in the 1840s. Prussia, which The question of state and railway is one of the next to Austria was the largest state of the German most important in Germany’s history. Many scho- Confederation, favoured a mixed system from the lars have contributed to this topic. New research 1840s onwards. At that time, the Prussian state shed light on this field in the last decade. Initiated planned a railway for the eastern –and economi- and financed by the Deutsche Bahn AG (German cally underdeveloped– parts of the country. The Railway Company) and the Gesellschaft für Unter - Ostbahn (Eastern Railway) was planned to initiate nehmensgeschichte (Society for Entrepreneurial economic improvement of this part of the mo - History), an extensive research project took place narchy in order to counterbalance the powerful, from 1994 to 1998. The outcome of this project wealthy and politically liberal departments in the was summarised in a study by Lothar Gall and West. But the state itself did not have the money Manfred Pohl, Die Eisenbahn in Deutschland (The for railway construction at that time. On the one Railway in Germany), which appeared in 19991. hand, debts from the Napoleonic Wars still burde- The perspective of the present article follows the ned the state budget. On the other hand, the argumentation of Gall and Poll’s study of the long potential private investors, wealthy merchants and and winding road of Germany’s state railway. -
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83 Jonathan Zatlin links: Jonathan Zatlin rechts: Guilt by Association Guilt by Association Julius Barmat and German Democracy* Abstract Although largely forgotten today, the so-called “Barmat Affair” resulted in the longest trial in the Weimar Republic’s short history and one of its most heated scandals. The antidemocratic right seized upon the ties that Julius Barmat, a Jewish businessman of Ukrainian provenance, maintained to prominent socialists to discredit Weimar by equat- ing democracy with corruption, corruption with Jews, and Jews with socialists. The left responded to the right’s antidemocratic campaign with reasoned refutations of the idea that democracy inevitably involved graft. Few socialist or liberal politicians, however, responded to the right’s portrayal of Weimar as “Jewish.” The failure of the left to identify antisemitism as a threat to democracy undermined attempts to democratize the German judiciary and ultimately German society itself. And then it started like a guilty thing Upon a fearful summons.1 In a spectacular operation on New Year’s Eve 1924, the Berlin state prosecutor’s office sent some 100 police officers to arrest Julius Barmat and two of his four brothers. With an eye toward capturing headlines, the prosecutors treated Barmat as a dangerous criminal, sending some 20 policemen to arrest him, his wife, and his 13-year old son in his villa in Schwanenwerder, an exclusive neighbourhood on the Wannsee. The police even brought along a patrol boat to underscore their concern that Barmat might try to escape custody via the river Havel. The arrests of Barmat’s leading managers and alleged co-conspirators over the next few days were similarly sensational and faintly ridiculous. -
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. -
Common Place: Rereading 'Nation' in the Quoting Age, 1776-1860 Anitta
Common Place: Rereading ‘Nation’ in the Quoting Age, 1776-1860 Anitta C. Santiago Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2014 © 2014 Anitta C. Santiago All rights reserved ABSTRACT Common Place: Rereading ‘Nation’ in the Quoting Age, 1776-1860 Anitta C. Santiago This dissertation examines quotation specifically, and intertextuality more generally, in the development of American/literary culture from the birth of the republic through the Civil War. This period, already known for its preoccupation with national unification and the development of a self-reliant national literature, was also a period of quotation, reprinting and copying. Within the analogy of literature and nation characterizing the rhetoric of the period, I translate the transtextual figure of quotation as a protean form that sheds a critical light on the nationalist project. This project follows both how texts move (transnational migration) and how they settle into place (national naturalization). Combining a theoretical mapping of how texts move and transform intertextually and a book historical mapping of how texts move and transform materially, I trace nineteenth century examples of the culture of quotation and how its literary mutability both disrupts and participates in the period’s national and literary movements. In the first chapter, I engage scholarship on republican print culture and on republican emulation to interrogate the literary roots of American nationalism in its transatlantic context. Looking at commonplace books, autobiographies, morality tales, and histories, I examine how quotation as a practice of memory impression functions in national re-membering. -
The Beginning of the End: the Political Theory of the Gernian Conmunist Party to the Third Period
THE BEGINNING OF THE END: THE POLITICAL THEORY OF THE GERNIAN CONMUNIST PARTY TO THE THIRD PERIOD By Lea Haro Thesis submitted for degree of PhD Centre for Socialist Theory and Movements Faculty of Law, Business, and Social Science January 2007 Table of Contents Abstract I Acknowledgments iv Methodology i. Why Bother with Marxist Theory? I ii. Outline 5 iii. Sources 9 1. Introduction - The Origins of German Communism: A 14 Historical Narrative of the German Social Democratic Party a. The Gotha Unity 15 b. From the Erjlurt Programme to Bureaucracy 23 c. From War Credits to Republic 30 II. The Theoretical Foundations of German Communism - The 39 Theories of Rosa Luxemburg a. Luxemburg as a Theorist 41 b. Rosa Luxemburg's Contribution to the Debates within the 47 SPD i. Revisionism 48 ii. Mass Strike and the Russian Revolution of 1905 58 c. Polemics with Lenin 66 i. National Question 69 ii. Imperialism 75 iii. Political Organisation 80 Summary 84 Ill. Crisis of Theory in the Comintern 87 a. Creating Uniformity in the Comintern 91 i. Role of Correct Theory 93 ii. Centralism and Strict Discipline 99 iii. Consequencesof the Policy of Uniformity for the 108 KPD b. Comintern's Policy of "Bolshevisation" 116 i. Power Struggle in the CPSU 120 ii. Comintern After Lenin 123 iii. Consequencesof Bolshevisation for KPD 130 iv. Legacy of Luxemburgism 140 c. Consequencesof a New Doctrine 143 i. Socialism in One Country 145 ii. Sixth Congress of the Comintern and the 150 Emergence of the Third Period Summary 159 IV. The Third Period and the Development of the Theory of Social 162 Fascism in Germany a.