The Great Disorder: Politics, Economics, and Society in the German Inflation, 1914-1924This 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 agriculture Allies argued August Muller banks Berlin Berlin banks billion marks black market capital cartels coal concern consumer costs created crisis currency debt decree demands demobilization depreciation Deutsche Bank domestic economic effort employers enterprises Erzberger especially exchange rate export firms foreign exchange French German industry German inflation Germany’s Havenstein Helfferich Hirsch Hugo Stinnes hyperinflation important increased industrialists inflation interest issue Kapp Putsch Koeth labor leaders loan major Max Warburg measures Minister Ministry Moellendorff monetary municipalities needed Office organized payment percent political possible prewar problems production profits proposals purchasing raw materials reconstruction reduced Reich Reichsbank Reichstag relative stabilization reparations retailers Revolution Ruhr shortages situation social Socialist Stinnes Stinnes’s taxation trade unions Treasury bills Treaty unemployed unemployment relief Vögler wages war-bond wartime Weimar Republic white-collar workers Wissell workers