1 option
Austrian reconstruction and the collapse of global finance, 1921-1931 / Nathan Marcus.
LIBRA HB3722 .M33655 2018
Available from offsite location
- Format:
- Book
- Author/Creator:
- Marcus, Nathan, 1976- author.
- Language:
- English
- Subjects (All):
- League of Nations.
- Financial crises--Austria--History.
- Financial crises.
- History.
- Austria--Economic conditions--1918-1945.
- Austria.
- Economic conditions.
- Austria--History--1918-1938.
- Austria--Politics and government--1918-1938.
- Politics and government.
- Gold standard--History.
- Gold standard.
- Economic history.
- Genre:
- History.
- Physical Description:
- viii, 546 pages : illustrations ; 25 cm
- Place of Publication:
- Cambridge, Massachusetts : Harvard University Press, 2018.
- Summary:
- Through an archive-based study of the political and financial history of the 1920s, this book examines how and why international capital teamed up with the League of Nations to bail out the Austrian state after the First World War, and what consequences the intervention carried for Austrian politics and finance. While the existing literature on the League of Nations sees the organization's intervention during the 1920s as mostly positive and successful, Austrian historians decried it as a financial dictatorship that ended in disaster. In contrast, the book claims that while the League of Nations' involvement was essentially responsible for terminating Austrian hyperinflation in 1922, its representatives remained largely immobilized in Vienna, with the Austrian government in control. The League ceased its involvement Austria in 1926, though aware of the latter's financial and political instability. The subsequent collapse of the Austrian Credit-Anstalt bank in 1931, however, was successfully contained with international help within just a few weeks. Thus, it could not have triggered and was not responsible for the larger European banking panics in Germany and Britain that summer.-- Provided by publisher.
- Contents:
- I. Crisis: Making sense of hyperinflation: 1921-1922
- The road to Geneva: 1921-1922
- How to kill a hyperinflation: 1922
- Control: The inception of control, 1923-1924
- Reconstructions at the crossroad: 1924
- The politics of control: 1925-1926
- Collapse: The precedence of politics: 1927-1929
- The Credit-Anstalt Crisis and the collapse of the gold exchange standard: 1930-1931.
- Notes:
- Includes bibliographical references and index.
- ISBN:
- 9780674088924
- 0674088921
- OCLC:
- 981991347
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.