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This book presents a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society--that in Germany during and following World War I. A broad, probing narrative, this book studies inflation as a strategy of social pacification and economic reconstruction and as a mechanism for escaping domestic and international indebtedness. The Great Disorder is a study of German society under the tension of inflation and hyperinflation, and it explores the ways in which Germany's hyperinflation and stabilization were linked to the Great Depression and the rise of National Socialism. This wide-ranging study sets German inflation within the broader issues of maintaining economic stability, social peace, and democracy and thus contributes to the general history of the twentieth century and has important implications for existing and emerging market economies facing the temptation or reality of inflation.
- Sales Rank: #2212503 in Books
- Published on: 1997-03-06
- Original language: English
- Number of items: 1
- Dimensions: 7.00" h x 1.80" w x 10.00" l, 3.95 pounds
- Binding: Paperback
- 1040 pages
Review
"Indispensable reading for anyone interested in the fate of democratic institutions in Weimar Germany and other countries operating in the twentieth-century context of war and economic catastrophe."--American Historical Review
"Mandatory reading for social scientists of all kinds, and not only monetarists and historians dealing with twentieth-century Germany."--Journal of Economic Literature
"Feldman's history of the German inflation is impressive both for the breadth of its vision and the texture of its detail....[The book] will become essential reading for anyone who truly wishes to understand what happened to Germany in the first third of the Twentieth century.--Journal of Military History
"Gerald D. Feldman's history of the great inflation in Germany adds up to one of the most comprehensive investigations of an advanced industrial society....With the realist novelist's eye for illustrative detail and consequential themes, Gerald Feldman has produced a sweeping history of Germany in the age of inflation."--The Historian
From the Back Cover
This book presents a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society--that in Germany during and following World War I.
About the Author
Gerald D. Feldman (1937 2007) was one of the pre-eminent historians of Germany of his generation. He joined the history department at the University of California, Berkeley, in 1963 and spent his entire career there. His numerous publications include the seminal study The Great Disorder: Politics, Economics, and Society in the German Inflation, 1914 1924 (1993). In the later years of his career, Feldman focused on the activities of private companies during the Nazi era and their involvement in the regime's economic policies. He served as an advisor to the Presidential Commission on Holocaust Assets in the United States. An active supporter of European-American scholarly dialogue, Feldman participated in the founding of the Friends of the German Historical Institute, Washington, DC, and was the group's president at the time of his death.
Most helpful customer reviews
31 of 32 people found the following review helpful.
A great book to lose yourself in
By Dan Lobnitz
This is great, hard-core history.
While this book probably won't appeal to the average run-of-the-mill history buff, it will attract anyone who wants to lose himself in a vary narrow, hyper-specialized area of history.
In many ways the economic disaster of Germany between 1914-1924 reworked the foundation of modern finance. For the first time in western history a political system was literally straightjacketed into salvaging an impossible economic situation. This book goes into exhaustive detail contrasting the unenlightened economic policies of the Allies to the increasingly discouraged Germans who desperately wanted to bring order to their lives.
Feldman does a great job helping the reader tune into the magnitude of the hopelessness that the German people felt regarding the impossibility of satisfying unpayable reparations. This is a crisp retelling of a people who did not have, and indeed were prevented from having the economic infrastructure to participate in a functional modern economy.
By the time Feldman is done telling you the story of Germany's incomprehensible inflation, you'll feel an intimacy with this subject. This book is indispensable for understanding the origins of the seething anger, frustration and hostility that the Nazi's were able to so successfully tap into and manipulate.
Finally, I should note that this book is itself something of an ordeal to read; it took me well over two years to read this 4 pound monster. But I have to say I enjoyed every hour I spent with it...
0 of 0 people found the following review helpful.
Amazing piece of work
By Ryan
Amazing piece of work. It is very in depth and you can easily lose yourself if you are not organized and prepared for the amount of information that is going to be thrown at you. Took me a solid month to get through the entire book (became nicknamed the Brick by my friends), but once it was done, I had filled in all the holes and questions I had from previous readings on hyperinflation. Feldman deliberately illustrates that Wiemar Germany and her problems were intrinsically linked to World War I and consistent problems in all spheres. He does so by using data and charts, but also the diary entries of Stinnes, Helfferich, Hirsch, Stresemann, etc. If you are advancing into any graduate program that pertains to Wiemar Germany, this book is a must read!
2 of 2 people found the following review helpful.
Essential for economic historians
By Chris Mathews
Astonishing that there is only one other review of this book. This is a must-read book. All English-speaking German historians (at least self-professed) should really examine themselves (as the Chinese would say) and read this book!
This is an unparalleled look at German economic activity between the wars. The only other work I find comparable is Milton & Rose Friedman's epic work:
[...]
While extremely difficult to read, the book examines every possible aspect of the German economic machine.
A rare illustration on page 858 has the following caption: "In the old Germany, one read 'the book' around a table; in the new postwar and post-inflation Germany, the profiteer fox-trots, surrounded by books that serve only decorative purposes."
The last sentence from this book: "Surely, the German inflation is one important reason why so many Germans defaulted not only on democracy but also on civilization itself."
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