IDEAS home Printed from https://ideas.repec.org/h/spr/frochp/978-3-031-70347-8_7.html
   My bibliography  Save this book chapter

The Crisis of 1931 and the Collapse of the Weimar Republic

In: An Economic Historiography of Germany, 1918-1931

Author

Listed:
  • Giovanni B. Pittaluga

    (University of Genoa)

  • Elena Seghezza

    (University of Genoa)

Abstract

Pittaluga and Seghezza show how in 1929 the inflow of foreign capital into Germany dried up. In an effort to reduce foreign deficits, the coverage of which had become problematic, Brüning initiated extreme austerity measures and adopted a foreign policy more aggressive toward the Allies. This led to a loss of confidence in Germany’s intention to fulfil its Reparation commitments. Hence, a sudden stop which threatened the convertibility of Reichsmark and forced the Reichsbank to simultaneously defend the exchange rate and the stability of the banks, whose liquidity was dried up. The impossibility of this task made the currency and banking crisis of 1931 inevitable. This crisis and fiscal austerity pursued by the government led to a significant fall in output and employment rates.

Suggested Citation

  • Giovanni B. Pittaluga & Elena Seghezza, 2024. "The Crisis of 1931 and the Collapse of the Weimar Republic," Frontiers in Economic History, in: An Economic Historiography of Germany, 1918-1931, chapter 0, pages 197-244, Springer.
    • Handle: RePEc:spr:frochp:978-3-031-70347-8_7
    DOI: 10.1007/978-3-031-70347-8_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:frochp:978-3-031-70347-8_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.