£48.45

Cambridge University Press Paper and Iron: Hamburg Business and German Politics in the Era of Inflation, 1897-1927

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£48.69 £44.72 £45.59 £46.45 £47.32 £48.18 £49.05 31 March 2026 21 April 2026 13 May 2026 04 June 2026 26 June 2026

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Description

Few economic events have had a more profound or enduring impact than the German hyperinflation of 1923, still remembered popularly as a root cause of Hitler's rise to power. Yet many historians have argued that inflationary policies were, on balance, advantageous to post-1918 Germany, both boosting growth and helping to reduce reparations. The scholarly consensus is that there was no viable alternative to inflation. In Paper and Iron Niall Ferguson takes a different view. He argues that inflation was indeed an economic and political disaster, and further that there were alternative economic policies which could have stabilised the German currency in 1920. To explain why these were not adopted he points to long-term defects in the political institutions of the Reich which went back as far as the 1890s and which persisted beyond 1918. The book therefore reveals the Wilhelmine origins of Weimar's failure, as well as casting light on the origins of the Third Reich.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
15 September 2010
Listed Since
04 January 2007

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