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Germany's inflation and currency devaluation during 1919 to 1924

Posted on:1998-01-11Degree:M.AType:Thesis
University:San Jose State UniversityCandidate:Rassech, DjamschedFull Text:PDF
GTID:2469390014979251Subject:European history
Abstract/Summary:
This thesis examines how the drastic devaluation of the mark and accompanying inflation in Germany influenced American foreign policy between 1919 to 1924.;Using government archives and other primary and secondary sources, this paper reconstructs the political and economic events of the period from a German perspective. It discusses the motivation for Germany's inflationary policy and the reasons behind the American policy of stabilization in Europe, particularly in Germany.;The results of this research indicate that, over the first three years following World War I, German inflation provided the primary instrument to secure social peace in the country and to push back the danger of a revolution. Furthermore, inflation impeded the reconstruction efforts of the United States in Europe. Ultimately, the chaos of the Ruhr occupation allowed the Americans to introduce their plan for an economic resolution to the European problem.
Keywords/Search Tags:Inflation
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