Tobias Straumann, "1931: Debt, Crisis, and the Rise of Hitler" (Oxford UP, 2019)
New Books in Economics
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The Complex Economic Crisis of 1931
The chapter delves into the challenge of finding solutions to a complex economic and political crisis in 1931, highlighting the dilemma of needing political courage to avert a catastrophe while potentially jeopardizing one's own party's future interests. It discusses the necessity of breaking existing international agreements to forge new agreements, touching on the difficulty of condemning individuals for acting like criminals due to the need to violate previously negotiated agreements. The chapter explores the reluctance of established politicians to break international rules and the role of fringe politicians in advocating for drastic measures to address the economic crisis.
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