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Author: Nathan Marcus Publisher: ISBN: 9780674982581 Category : BUSINESS & ECONOMICS Languages : en Pages :
Book Description
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.--
Author: Nathan Marcus Publisher: ISBN: 9780674982581 Category : BUSINESS & ECONOMICS Languages : en Pages :
Book Description
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.--
Author: Günter J. Bischof Publisher: Transaction Publishers ISBN: 1412821894 Category : Political Science Languages : en Pages : 332
Book Description
The years of Chancellors Dollfuss and Schuschnigg's authoritarian governments (1933/34-1938) have been denounced as "Austrofascism" from the left, or defended as a Christian corporate state ("Stndestaat") from the right. During this period, Austria was in a desperate struggle to maintain its national independence vis--vis Hitler's Germany, a struggle that ultimately failed. In the end, the Nazis invaded and annexed Austria (Anschluss"). Volume 11 of the Contemporary Austrian Studies series stays away from these heated historiographical debates and looks at economic, domestic, and international politics sine ira et studio. Timothy Kirk opens with an assessment of "Austrofascism" in light of recent discourse on interwar European fascism. Three scholars from the Economics University of Vienna analyze the macroeconomic climate of the 1930s: Hansjrg Klausinger the "Vienna School's" theoretical contributions to end the "Great Depression"; Gerhard Senft the economic policies of the Stndestaat; and Peter Berger the financial aid from the League of Nations. Jens Wessels delves into the microeconomic arena and presents case studies of leading Austrian businesses and their performance during the depression. Jim Miller looks at Dollfuss, the agrarian reformer. Alexander Lassner and Erwin Schmidl deal with the context of the international arena and Austria's desperate search for protection against Nazi Anschluss-pressure and military preparedness against foreign aggression. In a comparativist essay Megan Greene compares the policies of Austria's Haider and Italy's Berlusconi and recent EU responses to threats from the Right. The "FORUM" looks at various recent historical commissions in Austria dealing with Holocaust-era assets and their efforts to provide restitution to victims of Nazism. Two review essays, by Evan Burr Bukey and Hermann Freudenberger, survey recent scholarly literature on Austria(ns) during World War II. This addition to the Contemporary Austrian Studies series will be welcomed by political scientists, historians and scholars with a strong interest in European affairs. Gnter Bischof is professor of history and executive director of Center Austria at the University of New Orleans. Anton Pelinka is professor of political science at the University of Innsbruck and a visiting scholar at the University of Michigan in 2001/02. Alexander Lassner completed his Ph.D. at Ohio State University with his dissertation, "Peace at Hitler's Price," on Austria's international position before the "Anschluss."
Author: John Maynard Keynes Publisher: Simon Publications LLC ISBN: 9781931541138 Category : Business & Economics Languages : en Pages : 312
Book Description
John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Author: Institute for Humane Studies Publisher: Mission, Kan. : Sheed & Ward ISBN: Category : Business & Economics Languages : en Pages : 260
Book Description
Proceedings of a conference sponsored by the Institute for Humane Studies and held at Royalton College, South Royalton, Vt., in June 1974. Includes index. Bibliography: p. 224-227.
Author: Nathan Marcus Publisher: Harvard University Press ISBN: 0674983041 Category : History Languages : en Pages : 561
Book Description
In 1921 Austria became the first interwar European country to experience hyperinflation. The League of Nations, among other actors, stepped in to help reconstruct the economy, but a decade later Austria’s largest bank, Credit-Anstalt, collapsed. Historians have correlated these events with the banking and currency crisis that destabilized interwar Europe—a narrative that relies on the claim that Austria and the global monetary system were the victims of financial interlopers. In this corrective history, Nathan Marcus deemphasizes the destructive role of external players in Austria’s reconstruction and points to the greater impact of domestic malfeasance and predatory speculation on the nation’s financial and political decline. Consulting sources ranging from diplomatic dossiers to bank statements and financial analyses, Marcus shows how the League of Nations’ efforts to curb Austrian hyperinflation in 1922 were politically constrained. The League left Austria in 1926 but foreign interests intervened in 1931 to contain the fallout from the Credit-Anstalt collapse. Not until later, when problems in the German and British economies became acute, did Austrians and speculators exploit the country’s currency and compromise its value. Although some statesmen and historians have pinned Austria’s—and the world’s—economic implosion on financial colonialism, Marcus’s research offers a more accurate appraisal of early multilateral financial supervision and intervention. Illuminating new facets of the interwar political economy, Austrian Reconstruction and the Collapse of Global Finance reckons with the true consequences of international involvement in the Austrian economy during a key decade of renewal and crisis.
Author: Murray Newton Rothbard Publisher: Ludwig von Mises Institute ISBN: 1610164776 Category : Austrian school of economics Languages : en Pages : 1120
Author: Eugen Antalovsky Publisher: European Investment Bank ISBN: 9286138741 Category : Business & Economics Languages : en Pages : 74
Book Description
This essay reviews the political circumstances and strategic orientations of Vienna's comprehensive urban development policy, and how the EIB's investments facilitated key projects and supported Vienna's process of urban modernisation. Urban development in Vienna took place in four cycles, which are characterised by distinctive internal and external conditions and opportunities. Each prompted different levels of EIB engagement.
Author: Nathan Marcus
Author: Nathan Marcus
Author: League of Nations
Author: Günter J. Bischof
Author: John Maynard Keynes
Author: League of Nations. Council
Author: Institute for Humane Studies
Author: Nathan Marcus
Author: Murray Newton Rothbard
Author: Eugen Antalovsky
Author: