Made in Germany
Subtitle: the German currency crisis of July 1931
By: Thomas Ferguson [and] Peter Temin
Contributors: Temin, Peter; Massachusetts Institute of Technology. Dept. of Economics
Series: Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 01-07; Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 01-07.
Publisher: Massachusetts Institute of Technology, Dept. of Economics
Published: 2001
Place of publication: Cambridge, MA
Language: eng
Number of pages: 66
Other titles: German currency crisis of July 1931
Description: The Great Depression reached a turning point in the currency crises of 1931 and the German banking and currency crisis was a critical event whose causes are still debated. We demonstrate in this paper that the crisis was primarily domestic in origin; that it was a currency crisis rather than a banking crisis; and that the failure was more political than economic. We clarify the arguments involved as we present this view. German banks failed in 1931, but the problem was not primarily with them. Instead, the crisis was a failure of political will in a time of turmoil. Keywords: Great Depression, Germany Currency Crisis, German banking, Germany.
Notes: Title from cover.

"February 2001."

Includes bibliographical references (p. 62-66).

Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.