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American money and the Weimar Republic : economics and politics on the eve of the Great Depression / William C. McNeil.

By: McNeil, William C.
Material type: TextTextSeries: Political economy of international change: Publisher: New York : Columbia University Press, 1986Description: x, 352 p. ; 24 cm.ISBN: 0231062362; 9780231062367; 0231062370; 9780231062374.Subject(s): Loans, American -- Germany -- History -- 20th century | Germany -- Economic conditions -- 1918-1945 | World War, 1914-1918 -- Reparations | United States -- Foreign economic relations -- Germany | Germany -- Foreign economic relations -- United States | United States Economic relations with Germany, 1923-1932 | Germany Economic relations with United States, 1923-1932DDC classification: 336.3/4/0943 LOC classification: HG3949 | .M38 1986Other classification: 15.70
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Item type Current location Call number Status Date due Barcode
Book University of Texas At Tyler
Stacks - 3rd Floor
HG3949 .M38 1986 (Browse shelf) Available 0000100021401

Includes bibliographical references (p. [329]-344) and index.

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Library Journal Review

McNeil's complex, scholarly work investigates with admirable clarity the influence of large-scale American bank loans on German foreign and domestic politics in the late 1920s and on the final demise of the Weimar republic. Between 1924 and 1929 some $3 billion in American investment capital was loaned to Germany. These loans contributed to German government deficits just as Germany was entering into a new stage of welfare capitalism. The loans exacerbated the social and political conflicts in Germany, as interest groups vied for access to these funds and rejected the compromises and cooperation needed to make welfare capitalism function; the result was the collapse of Weimar Germany. An impressively researched work recommended for academic libraries and German history collections. James B. Street, Santa Cruz P.L., Cal. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Emerging from WW I, the US found itself in the unaccustomed role of lender on the international money market. As the title indicates, McNeil gives attention to both America's problems in developing foreign-loan arrangements and Germany's internal dilemma in the use of foreign money. American private bankers interested in profit making had little guidance in foreign financial policy from the US Treasury and Federal Reserve until an American was appointed to administer the Dawes and Young reparation payment plans. In Germany a serious political and social struggle developed in the allocation of foreign funds between growth industries and public works. McNeil traces the actual use of the money and shows how it led Germany into the 1929 depression and eventually into the Hitler dominated economy. Written in easy-flowing narrative with few statistics and disruptive quotations, this well-researched book is a delight to read. An appendix provides the German GNP and related figures, and several charts analyze Germany's foreign trade, unemployment, and general economic trends in the 1920s. Reference material is described in a 44-page section devoted to chapter notes. The bibliography geographically organizes the list of source materials. Lower-division through graduate level readership.-J.L. Weston, formerly University of Illinois at Urbana-Champaign

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