American Money and the Weimar Republic: Economics and Politics on the Eve of the Great Depression (Political Economy of International Change)

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9780231062367: American Money and the Weimar Republic: Economics and Politics on the Eve of the Great Depression (Political Economy of International Change)
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McNeil's complex, scholarly work investigates with admirable clarity the influence of large-scale American bank loans on German foreign and domestic politics in the late 1920s and on the final demise of the Weimar republic. Between 1924 and 1929 some $3 billion in American investment capital was loaned to Germany. These loans contributed to German government deficits just as Germany was entering into a new stage of welfare capitalism. The loans exacerbated the social and political conflicts in Germany, as interest groups vied for access to these funds and rejected the compromises and cooperation needed to make welfare capitalism function; the result was the collapse of Weimar Germany. An impressively researched work recommended for academic libraries and German history collections. James B. Street, Santa Cruz P.L., Cal.
Copyright 1986 Reed Business Information, Inc.

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