RE: Economical crisis of Germany after WW1 explained!

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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.

money
6 years ago 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!

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