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RE: Economical crisis of Germany after WW1 explained!

in #money • 6 years ago

Thanks for your review of Germany's post-WWI economic woes! Have you ever looked at the total percentage of reparations vs. post-WWI GDP? It suggests that the real story might be more complicated.

6 years ago in #money by
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     6 years ago 

    I didn 't can you tell me smth more abou that or send a link or smth?
    Thanks 😊

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       6 years ago 

      Niall Ferguson talked about it in "High Financier: the Life and Times of Siegmund Warburg" and it caught me by surprise. Mr. Ferguson suggests that since reparations were such a small percentage of GDP that the common (at the time as now) perception that they were overwhelming was much more psychological than economic.

      https://www.scribd.com/audiobook/237595717/High-Financier-The-Lives-and-Time-of-Siegmund-Warburg

      Thanks again for the post!