Austrian Reconstruction and the Collapse of Global Finance, 1921-1931

Austrian Reconstruction and the Collapse of Global Finance, 1921-1931 PDF Author: Nathan Marcus
Publisher:
ISBN: 9780674982581
Category : BUSINESS & ECONOMICS
Languages : en
Pages :

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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.--

Austrian Reconstruction and the Collapse of Global Finance, 1921-1931

Austrian Reconstruction and the Collapse of Global Finance, 1921-1931 PDF Author: Nathan Marcus
Publisher:
ISBN: 9780674982581
Category : BUSINESS & ECONOMICS
Languages : en
Pages :

Get Book Here

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.--

The Financial Reconstruction of Austria

The Financial Reconstruction of Austria PDF Author: League of Nations
Publisher:
ISBN:
Category : Austria
Languages : en
Pages : 324

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Book Description


The Dollfuss/Schuschnigg Era in Austria

The Dollfuss/Schuschnigg Era in Austria PDF Author: Günter J. Bischof
Publisher: Transaction Publishers
ISBN: 1412821894
Category : Political Science
Languages : en
Pages : 332

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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."

Financial Reconstruction of Austria

Financial Reconstruction of Austria PDF Author: League of Nations. Council
Publisher:
ISBN:
Category : Austria
Languages : en
Pages : 76

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Book Description


The Economic Consequences of the Peace

The Economic Consequences of the Peace PDF Author: John Maynard Keynes
Publisher: Simon Publications LLC
ISBN: 9781931541138
Category : Business & Economics
Languages : en
Pages : 312

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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.

Ludwig Von Mises

Ludwig Von Mises PDF Author: Israel Kirzner
Publisher: Simon and Schuster
ISBN: 1684516803
Category : Biography & Autobiography
Languages : en
Pages : 117

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Book Description
Israel Kirzner, a former student of Ludwig von Mises, looks at the influences of the economic debates in Europe on von Mises' thought, traces his theories as they developed in his writings, and discusses both critical and supportive commentators on von Mises.

An Austrian Perspective on the History of Economic Thought

An Austrian Perspective on the History of Economic Thought PDF Author: Murray Newton Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610164776
Category : Austrian school of economics
Languages : en
Pages : 1120

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Book Description


Austrian Reconstruction and the Collapse of Global Finance, 1921–1931

Austrian Reconstruction and the Collapse of Global Finance, 1921–1931 PDF Author: Nathan Marcus
Publisher: Harvard University Press
ISBN: 0674983041
Category : History
Languages : en
Pages : 561

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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.

Why Vienna gets high marks

Why Vienna gets high marks PDF Author: Eugen Antalovsky
Publisher: European Investment Bank
ISBN: 9286138741
Category : Business & Economics
Languages : en
Pages : 74

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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.

Global Austria

Global Austria PDF Author: Collectif
Publisher: innsbruck University Press
ISBN: 3903122408
Category : History
Languages : en
Pages : 352

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Book Description
After the dissolution of the Austro-Hungarian Monarchy, Austria transformed itself from an empire to a small Central European country. Formerly an important player in international affairs, the new republic was quickly sidelined by the European concert of powers. The enormous losses of territory and population in Austria's post-Habsburg state of existence, however, did not result in a political, economic, cultural, and intellectual black hole. The essays in the twentieth anniversary volume of Contemporary Austrian Studies argue that the small Austrian nation found its place in the global arena of the twentieth century and made a mark both on Europe and the world. Be it Freudian psychoanalysis, the “fin-de-siècle” Vienna culture of modernism, Austro-Marxist thought, or the Austrian School of Economics, Austrian hinkers and ideas were still wielding a notable impact on the world. Alongside these cultural and intellectual dimensions, Vienna remained the Austrian capital and reasserted its strong position in Central European and international business and finance. Innovative Austrian companies are operating all over the globe. This volume also examines how the globalizing world of the twentieth century has impacted Austrian demography, society, and political life. Austria's place in the contemporary world is increasingly determined by the forces of the European integration process. European Union membership brings about convergence and a regional orientation with ramifications for Austria's global role. Austria emerges in the essays of this volume as a highly globalized country with an economy, society, and political culture deeply grounded in Europe. The globalization of Austria, it appears, turns out to be in many instances an “Europeanization.”