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The German Economy: Beyond the Social Market (Princeton University Press, 2005) Stern, Fritz. Gold and Iron: Bismark, Bleichroder, and the Building of the German Empire (1979) in-depth scholarly study from viewpoint of Bismarck's banker excerpt and text search; Thompson, James Westfall (1931).
The Golden Twenties (German: Goldene Zwanziger), also known as the Happy Twenties (German: Glückliche Zwanziger), was a five-year time period within the decade of the 1920s in Germany. The era began in 1924, after the end of the hyperinflation following World War I, and ended with the Wall Street crash of 1929.
Barou estimated that, in terms of 1960 US dollars, Egypt in 1800 had a per-capita income of $232 ($1,025 in 1990 dollars). In comparison, per-capita income in terms of 1960 dollars for France in 1800 was $240 ($1,060 in 1990 dollars), for Eastern Europe in 1800 was $177 ($782 in 1990 dollars), and for Japan in 1800 was $180 ($795 in 1990 dollars).
To pay for the large costs of the First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out in 1914. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing.
A key notion in the whole process is that of subsistence, the income level which is necessary for sustaining one's life. Since pre-modern societies, by modern standards, were characterized by a very low degree of urbanization and a large majority of people working in the agricultural sector, economic historians prefer to express income in ...
The European interwar economy (the period between the First and Second World War, also known as the interbellum) began when the countries in Western Europe were struggling to recover from the devastation caused by the First World War, while also dealing with economic depression and the rise of fascism.
Ferguson further estimates that this sum amounted to 2.4 per cent of Germany's national income between 1919 and 1932. ... By 1920, German was exporting 15 million ...
Lloyd George then explained the reasons for the Allies' anxiety. He said that the treaty allowed Germany 100,000 men, 100,000 rifles, and 2,000 machine guns. Germany, however, still possessed a regular army of 200,000 men, and also possessed 50,000 machine guns, and 12,000 guns.