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About The Great Disorder: Politics, Economics, and Society in the German Inflation, 1914-1924
The Great Disorder is a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society–that of Germany in the years during and following World War I. A broad, probing narrative, this book studies inflation as a strategy of social pacification, economic reconstruction, and mechanism for escaping domestic and international indebtedness. In this study, Gerald Feldman does not seek to “rehabilitate” the inflation, but rather to make intelligible how inflationary decision-making and a broad “inflation consensus” made it possible for Germans to let their currency depreciate to the level of four trillion paper marks to the dollar. He also weighs the advantages and disadvantages of Weimar’s early inflationary solutions and assesses the role of inflation in saving and in destroying the ill-fated Republic. Describing German society under the tension of inflation and hyperinflation, The Great Disorder reveals 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. It illuminates the profound difficulties of reconciling economic and social discipline on the one hand, with justice, equity, and fairness, on the other. The story of Germany’s response to economic troubles, social dislocation, and the problems of democratic governance has important implications for existing and emerging market economies facing the temptations and realities of inflation and the dilemmas of attaining satisfactory and lasting stabilization.
Detailed Information
| Author: | Gerald D. Feldman |
|---|---|
| ISBN: | 9780195037913 |
| Pages: | 3161 |
| Language: | English |
| File Size: | 15 |
| Format: | |
| Price: | FREE |
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