By James C. Van Hook
ISBN-10: 0511195982
ISBN-13: 9780511195983
ISBN-10: 0521833620
ISBN-13: 9780521833622
In a nuanced and clean account, James Van Hook evaluates the yankee position in West German restoration and the debates approximately fiscal coverage inside of West Germany. He examines the 1948 West German fiscal reforms that dismantled the Nazi command economic system and ushered within the fabled "European Miracle" of the Fifties. by way of forsaking Nazi period monetary controls, the West Germans discarded a pre-1945 monetary and commercial tradition.
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Additional resources for Rebuilding Germany: The Creation of the Social Market Economy, 1945-1957
Example text
1602. 15. Churchill to War cabinet, Gunfire No. 169, 15 September 1944, PRO, FO 371/46868. The War cabinet received this message with alarm. They were concerned about the propaganda effect of the Morgenthau Plan on the Germans’ determination to fight to the bitter end and Morgenthau’s apparent willingness to tolerate a considerable level of inflation to punish the Germans. ” “Copy of Telegram from the Foreign Office to the Foreign Secretary at Quebec Dated 14th September, 1944,” PRO, FO 942/150. 16.
From 1936 on, the Nazis had built a command economy to finance and facilitate massive rearmament. 4 Gradually, the National Socialist command economy developed a system of industrial and consumer rationing that further marginalized the distributive dimension of the market. By the time the Allies conquered Germany, the meager network of distribution that remained had been destroyed by Allied bombing and other military action. The massive increase in the amount of currency since 1936 to finance the war now posed an even more serious problem because the distribution of both consumer and producer goods had dwindled to almost nothing.
But this cold war analytical framework fails to do justice to the complex interplay between international and domestic forces that characterized the occupation period in western Germany. The process of postwar planning for Germany, conducted in London and Washington in 1944 and 1945, as well as the first year of the occupation, offers a case in point. For instance, historians who have focused on American planning, have characterized the demise of the Morgenthau Plan, advocated by Treasury Secretary Henry Morgenthau, which called for the thorough denazification and deindustrialization of Germany, as a victory of ideological conservatives against progressive New Dealers fought out principally within the American government.
Rebuilding Germany: The Creation of the Social Market Economy, 1945-1957 by James C. Van Hook
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