The Great Disorder: Politics, Economics, and Society in the German Inflation, 1914-1924 / Edition 1

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This book presents a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society—that in Germany during and following World War I. A broad, probing narrative, this book studies inflation as a strategy of social pacification and economic reconstruction and as a mechanism for escaping domestic and international indebtedness. The Great Disorder is a study of German society under the tension of inflation and hyperinflation, and it explores 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 and has important implications for existing and emerging market economies facing the temptation or reality of inflation.

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Editorial Reviews

From the Publisher
"Indispensable reading for anyone interested in the fate of democratic institutions in Weimar Germany and other countries operating in the twentieth-century context of war and economic catastrophe."—American Historical Review

"Mandatory reading for social scientists of all kinds, and not only monetarists and historians dealing with twentieth-century Germany."—Journal of Economic Literature

"Feldman's history of the German inflation is impressive both for the breadth of its vision and the texture of its detail....[The book] will become essential reading for anyone who truly wishes to understand what happened to Germany in the first third of the Twentieth century.—Journal of Military History

"Gerald D. Feldman's history of the great inflation in Germany adds up to one of the most comprehensive investigations of an advanced industrial society....With the realist novelist's eye for illustrative detail and consequential themes, Gerald Feldman has produced a sweeping history of Germany in the age of inflation."—The Historian

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Product Details

  • ISBN-13: 9780195101140
  • Publisher: Oxford University Press, USA
  • Publication date: 3/28/1997
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 1040
  • Lexile: 1740L (what's this?)
  • Product dimensions: 10.00 (w) x 7.00 (h) x 1.80 (d)

Meet the Author

University of California, Berkeley
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Table of Contents

Introduction 3
The German Inflation in Collective Memory and Economic History 3
The Germany of Dr. Cornelius 11
Pt. I The First World War and the Origins of the German Inflation
1 Financing the War 25
2 War Economy and Inflation 52
Pt. II Managing the Crises: From the November Revolution to the Kapp Putsch
3 The Economics of Revolution and Revolutionary Economics 99
4 The Chaotic Path to Relative Stabilization, July 1919-March 1920 156
Pt. III Relative Stabilization and Inflationary Reconstruction, April 1920-May 1921
5 The Trials and Tribulations of Relative Stabilization 211
6 What Kind of Reconstruction? The German Business Community Faces the Future 255
Pt. IV Reparations and the Domestic Management of the German Inflation
7 The Presentation of the Bill 309
8 The Domestic Politics of Fulfillment, May 1921-January 1922 344
9 The Transition to Galloping Inflation 385
10 The Vicious Circles: From Galloping Inflation to Hyperinflation, January-July 1922 418
11 Stabilization Debates and Political Crises, August 1922-January 1923 453
Pt. V Society, State, and Economy in the Hyperinflation of 1922
12 The Year of Dr. Mabuse: The Hyperinflation and German Society in 1922 513
13 Facing Disaster: The State and the "Productive Estates" on the Eve of the Ruhr Occupation 576
Pt. VI The Ruhr Crisis, End of the Mark, Currency Reform, and Stabilization
14 A Disordered Fortress: Passive Resistance, the Cuno Government, and the Destruction of the German Mark 631
15 The Politics of Currency Reform, August-October 1923 698
16 The Politics of Stabilization, October-November 1923 754
17 Saving the Stabilization, December 1923-April 1924 803
Epilogue: A Mortgaged Democracy 837
Notes 859
Bibliography 945
Index 969
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