A Plan for the Liquidation of War Finance and the Financial Rehabilitation of Germany

A Plan for the Liquidation of War Finance and the Financial Rehabilitation of Germany
Author: Gerhard Colm
Publisher: CreateSpace
Total Pages: 90
Release: 2010-01-09
Genre: Business & Economics
ISBN: 9781450521901

Report commissioned by the Office of Military Government for Germany (U.S.) (OMGUS) for ordering a monetary reform for the quadripartite zones of occupation of Germany, conducted by Colm, Dodge, and Goldsmith (the CDG Plan) and submitted in May 1946 paving the way for the invalidation of the Reichsmark and the issuance of the Deutsche Mark as Germany's lawful currency.

The Making of the German Post-War Economy

The Making of the German Post-War Economy
Author: Christian L. Glossner
Publisher: Bloomsbury Publishing
Total Pages: 316
Release: 2010-02-28
Genre: Political Science
ISBN: 0857714589

The years following the end of World War II in Germany were a significant period of change and upheaval. This book on the economic reconstruction of post-war West Germany traces the development of economic and socio-political ideas, and their gradual absorption by mainstream politicians, officials and the general public during the period of transition between 1945 and 1949. In the aftermath of World War II, several German think-tanks, political parties and individuals gave impulse to and then shaped the development of a viable socio-political and economic model between the extremes of laissez-faire capitalism and the collectivist planned economy. In their endeavours to bring into effect their particular economic ideas - often diametrically opposed to one another - the parties of left and right stimulated not only academic and political debate, but also public debate about the political and economic reconstruction of occupied post-war Germany. While all the various neo-liberal approaches assigned to the people sovereign and decisive status in the institutional economic order, and recognised the interdependence of politics, economics and the public, one particular school of economic thought outpaced the others in communicating a model of coordinated economic and social policy, namely the Social Market Economy. Christian Glossner here investigates whether or not it was primarily the subtlety of the political campaign for this model that led to its implementation by the then Economic Council and eventual validation by the German electorate. The programmes published by the principal academic and political groups of the time and the practical day-to-day decisions of the first parliament in post-war Germany are analysed with reference to popular preferences. By examining both the formative involvement of German parties in post-war reconstruction and the role of the public during the process of economic liberalisation, this book provides explanations for why the Social Market Economy prevailed as the socio-political and economic model for the Federal Republic of Germany. It will be of interest to scholars of German, economic and twentieth-century history.

Europe's Postwar Recovery

Europe's Postwar Recovery
Author: Barry Eichengreen
Publisher: Cambridge University Press
Total Pages: 376
Release: 1995-12-07
Genre: Business & Economics
ISBN: 9780521482790

Western Europe's recovery from World War II was nothing short of miraculous. From the chaos of the war and the crisis of 1947, Europe moved directly to the most rapid quarter-century of economic growth in her history. The contributors to this volume seek to identify the sources of this singularly successful recovery. That all European countries shared in the miracle suggests that its roots may lie at the international level. The chapters therefore focus on the role played by international institutions - the International Monetary Fund, the World Bank, the European Coal and Steel Community, the European Payments Union, the General Agreement on Tariffs and Trade - and weigh the relative importance of domestic and international factors in Europe's postwar recovery. This book will be of interest to students of modern European history and to economists interested in economic growth, European economic integration, and reform of the Bretton Woods institutions.

Sovereign Soldiers

Sovereign Soldiers
Author: Grant Madsen
Publisher: University of Pennsylvania Press
Total Pages: 344
Release: 2018-05-22
Genre: Business & Economics
ISBN: 0812250362

In Sovereign Soldiers, historian Grant Madsen tells the story of military leaders who took on an unfamiliar and often untold policymaking role during the occupation of Germany and Japan after World War II, applying a range of economic ideas whose impact would endure throughout the prosperous 1950s, including in the United States itself.

Marshall Plan Days

Marshall Plan Days
Author: Charles P. Kindleberger
Publisher: Taylor & Francis
Total Pages: 421
Release: 2010
Genre: Business & Economics
ISBN: 0415563437

Originally published in 1987 to commemorate the 40th anniversary of the Marshall Plan, this fascinating collection of essays, from an eminent âe~insiderâe(tm) to the Marshall Plan, combines economics, politics and history to provide authoritative and personal insights into the creation of one of the greatest foreign aid programmes of the twentieth century. Any reader interested in the Marshall Plan itself, the inner workings of a major act of US foreign policy, and its many economic, political and historical facets will welcome the reissue of this valuable book from one of Americaâe(tm)s most distinguished economists.

Shouldering the Burdens of Defeat

Shouldering the Burdens of Defeat
Author: Michael L. Hughes
Publisher: UNC Press Books
Total Pages: 281
Release: 2014-06-30
Genre: History
ISBN: 1469619539

World War II and its aftermath brought devastating material losses to millions of West Germans. Military action destroyed homes, businesses, and personal possessions; East European governments expelled 15 million ethnic Germans from their ancestral homes; and currency reform virtually wiped out many Germans' hard-earned savings. These "war damaged" individuals, well over one-third of the West German population, vehemently demanded compensation at the expense of those who had not suffered losses, to be financed through capital levies on surviving private property. Michael Hughes offers the first comprehensive study of West Germany's efforts to redistribute the costs of war and defeat among its citizenry. The debate over a Lastenausgleich (a balancing out of burdens) generated thousands of documents in which West Germans articulated deeply held beliefs about social justice, economic rationality, and political legitimacy. Hughes uses these sources to trace important changes in German society since 1918, illuminating the process by which West Germans, who had rejected liberal democracy in favor of Nazi dictatorship in the 1930s, came to accept the social-market economy and parliamentary democracy of the 1950s.

A Financial History of Western Europe

A Financial History of Western Europe
Author: Charles P. Kindleberger
Publisher: Routledge
Total Pages: 558
Release: 2015-06-03
Genre: Business & Economics
ISBN: 113680577X

This is the first history of finance - broadly defined to include money, banking, capital markets, public and private finance, international transfers etc. - that covers Western Europe (with an occasional glance at the western hemisphere) and half a millennium. Charles Kindleberger highlights the development of financial institutions to meet emerging needs, and the similarities and contrasts in the handling of financial problems such as transferring resources from one country to another, stimulating investment, or financing war and cleaning up the resulting monetary mess. The first half of the book covers money, banking and finance from 1450 to 1913; the second deals in considerably finer detail with the twentieth century. This major work casts current issues in historical perspective and throws light on the fascinating, and far from orderly, evolution of financial institutions and the management of financial problems. Comprehensive, critical and cosmopolitan, this book is both an outstanding work of reference and essential reading for all those involved in the study and practice of finance, be they economic historians, financial experts, scholarly bankers or students of money and banking. This groundbreaking work was first published in 1984.

International Financial History in the Twentieth Century

International Financial History in the Twentieth Century
Author: Marc Flandreau
Publisher: Cambridge University Press
Total Pages: 290
Release: 2003
Genre: Business & Economics
ISBN: 0521819954

The essays, written by leading experts, examine the history of the international financial system in terms of the debate about globalization and its limits. In the nineteenth century, international markets existed without international institutions. A response to the problems of capital flows came in the form of attempts to regulate national capital markets (for instance through the establishment of central banks). In the inter-war years, there were (largely unsuccessful) attempts at designing a genuine international trade and monetary system; and at the same time (coincidentally) the system collapsed. In the post-1945 era, the intended design effort was infinitely more successful. The development of large international capital markets since the 1960s, however, increasingly frustrated attempts at international control. The emphasis has shifted in consequence to debates about increasing the transparency and effectiveness of markets; but these are exactly the issues that already dominated the nineteenth-century discussions.