Paper and Iron: Hamburg Business and German Politics in the Era of Inflation, 1897-1927 (Hardcover) (ISBN-13: 9780521470162)

Few economic events have had the impact of German hyperinflation in 1923, still remembered as a root cause of Hitler's rise to power; yet in recent years historians have defended the inflationary policies adopted after 1918. Niall Ferguson takes a different view. He argues that inflation was an economic and political disaster, and that alternative economic policies could have stabilized 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 from the 1890s. The book therefore not only reveals the Wilhelmine origins of Weimar's failure: it also casts new light on the origins of the Third Reich.

Author: Niall Ferguson
ISBN-10: 0521470161
ISBN-13: 9780521470162
Publisher: Cambridge University Press
Language: English
Published: 04/27/1995
Pages: 556
Format: Hardcover
Weight: 2.00lbs
Size: 9.23h x 6.27w x 1.48d