The German National Economy in an Era of Crisis and War, 1917–1945

Adam Tooze

in The Oxford Handbook of Modern German History

Published in print September 2011 | ISBN: 9780199237395
Published online September 2012 | | DOI:

Series: Oxford Handbooks in History

 The German National Economy in an Era of Crisis and War, 1917–1945

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This article gives an account of the German national economy amidst war and crisis. West Germany embraced market capitalism and parliamentary democracy as the only possible modes of social organization. Unlike the United States it had foresworn the temptations of fervent nationalism in exchange for the shared prosperity and peace of the European Community. The underpinning of this state of satisfaction was the relentless growth of the German economy, which meant that, distributional issues aside, the needs of the entire population were met in abundance. Again, such changes were far from particular to Germany. They, too, can be naturalized as part of a story of modernization. Germany's business community led the charge against the welfare spending and trade union recognition, which underpinned the domestic stability of the Weimar Republic. This article analyses how United States' economic aid, helped Germany to overcome its crisis.

Keywords: German national economy; democracy; social organization; market capitalism; modernization

Article.  10311 words. 

Subjects: History

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