1931

Germany’s financial collapse in the summer of 1931 is examined as part of a wider international economic crisis. The book traces how foreign debts, austerity, investor panic, banking failure, and partial default helped turn recession into depression.

It also considers the political consequences of economic breakdown in Weimar Germany. The account is relevant to readers interested in modern European history, the Great Depression, and the conditions that weakened political stability in the early 1930s.