‘The touchstone of German credit’: Nazi Germany and the service of the Dawes and Young Loans

2004 ◽  
Vol 11 (1) ◽  
pp. 33-50 ◽  
Author(s):  
PIET CLEMENT

This article examines the Nazi government's external debt policy, with particular regard to the service of the Dawes and Young Loans, the two most important international loans Germany concluded during the interwar period. The goal of this policy was to end once and for all the obligations resulting from the First World War reparations settlement, and at the same time to economise drastically on Germany's scarce foreign exchange reserves. These aims were achieved by imposing a partial default on external debts and by bilateralising trade and financial negotiations, thus dismantling the 1930 Young Plan. In many respects, the Nazi government continued policies in place since 1931, except that it went further and was more ruthless in their execution. However, the negative long-term effects of this policy were beginning to take their toll as Germany's economy was cut off from the international financial markets and increasingly burdened by complex foreign exchange regulations. It was left to the German Federal Republic to deal with the financial legacy of this policy after the war.

2021 ◽  
pp. 141-162
Author(s):  
Mircea-Gheorghe Abrudan ◽  
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A prolific historian, a professor of the Andreian Seminary in Sibiu, parish priest of Săliștea and an archpriest of Mărginimea Sibiului, a professor of the ‘King Ferdinand I’ University in Cluj, a titular member of the Romanian Academy, a talented publicist, a co-founder of the Institute of National History in Cluj, a deputy in the Parliament of Greater Romania, a minister in the Averescu and Goga-Cuza governments, a patriot and victim of the Bolshevik regime in the 1950s’ Romania, Ioan Lupaș is a scholar with the aura of a saint. Fr. Lupaș is part of the admirable generation of those who committed themselves with all their power and selflessness to the national movement of the Transylvanian Romanians, those who achieved the Union of Transylvania, Banat, Crișana and Maramureș with the Kingdom of Romania on 1 December 1918 and then fought for the consolidation of national unity during the interwar period. Lupaș is part of the leading gallery of the makers of Greater Romania, and one of the few historians-participants who later wrote relevant pages about the astral event in which they were active participants. The study provides a brief biography of Ioan Lupaș, focusing on the activity of the archpriest at the time of the First World War, his involvement in the organization of the Great National Assembly of Alba Iulia, and the way in which he subsequently remembered the events and feelings experienced in the year of the ‘fortunate fulfilling of long-awaited goals’ and of ‘thoroughly well-deserved triumph’.


Author(s):  
Sarah Dixon Smith ◽  
David Henson ◽  
George Hay ◽  
Andrew S.C. Rice

LAY SUMMARY The First World War created the largest group of amputees in history. There were over 41,000 amputee Veterans in the UK alone. Recent studies estimate that over two thirds of amputees will suffer long-term pain because of their injuries. Medical files for the First World War have recently been released to the public. Despite the century between the First World War and the recent Afghanistan conflict, treatments for injured soldiers and the most common types of injuries have not changed much. A team of historians, doctors, and amputee Veterans have collaborated to investigate what happened next for soldiers injured in the war and how their wounds affected their postwar lives, and hope that looking back at the First World War and seeing which treatments worked and what happened to the amputees as they got older (e.g., if having an amputation put them at risk of other illnesses or injuries) can assist today’s Veterans and medical teams in planning for their future care.


2018 ◽  
Vol 66 (2) ◽  
pp. 294-298
Author(s):  
Thomas Raithel

Abstract The interwar period was a phase of the formation of new states and of democratic awakening, but also a time of crises and the failure of democracies as well as the establishment of authoritarian and dictatorial systems. Until recently, it was largely overlooked by research and the general public. Given the recent increase of right-wing populist currents and authoritarian tendencies in Europe, interest has once again grown. The second “Contemporary History Podium” is thus dedicated to the question of how akin we are to the interwar period. How is it perceived in different countries which constituted themselves as democracies at the end of the First World War after the fall of the Romanov, Habsburg and Hohenzollern Empires? Also what is the relevance of this history for the present? Ota Konrád (Charles University Prague), Ekaterina Makhotina (University of Bonn), Anton Pelinka (Central European University Budapest), Thomas Raithel (Institute for Contemporary History Munich-Berlin) und Krzysztof Ruchniewicz (Willy Brandt Center, Wrocław University) look into these questions utilising the examples of Czechoslovakia, Lithuania, Austria, Germany and Poland.


Author(s):  
Craig Tibbitts

This chapter highlights the long-term influence of Scottish military traditions and identity in Australia, dating back to the arrival of a battalion of the 73rd Highland Regiment in New South Wales in 1810. From the 1860s, several home-grown ‘Scottish’ volunteer militia units were established in the Australian colonies. This coincided with a peak period of Scottish emigration to Australia with some 265,000 settling between 1850 and 1914. With the outbreak of the First World War, Australia quickly raised a contingent to assist the Empire. Several Scottish-Australian militia regiments sought incorporation into the Australian Imperial Force (AIF) but with limited success. This chapter highlights how the existence of Scottish military identities conflicted with the desire of the AIF that its identity be entirely Australian as means of forging the identity of the new Commonwealth of Australia. At the same time, a small number of AIF units managed to maintain some small degree of Scottish flavour about them. Those such as the 4th, 5th and 56th Battalions which had many join en- masse from the pre-war ‘Scottish’ militia regiments, provide examples of how this identity survived and was influenced by some key officers and NCOs of Scots heritage.


Author(s):  
Guy Miron

IN THE WAKE of the First World War Poland and Hungary became independent states. Poland, which for some 130 years had been partitioned between its neighbouring empires—Russia, Austria, and Prussia—now gained independence, including in its territory some predominantly Ukrainian and Belarusian areas which had been part of the Polish-Lithuanian Commonwealth. Hungary, which had enjoyed extensive autonomy since the Ausgleich (Austro-Hungarian Compromise) of 1867, was now severed from the defunct Habsburg empire and became independent, but its boundaries were dramatically reduced as a result of the Treaty of Trianon. The two states, whose independence was part of a new European order based on the principle of national self-determination, were supposed to function as democracies and respect the rights of their minorities. In the immediate aftermath of 'the war to end all wars', there was reason to hope that the recognition of the Jews as equal citizens would lead to a golden age of Jewish integration. In practice, the reality was different. Both Poland and Hungary were established as independent states amidst violent internal and external conflicts over their boundaries and the nature of their regimes. In both states, these struggles, which continued throughout the whole interwar period, increasingly led to the dominance of an exclusionary nationalism. Jews were the central, although not the only, minority targeted by this policy of exclusion. Of course, the anti-Jewish violence that occurred during the struggles for the independence of both Poland and Hungary and the anti-Jewish policies and legislation of the 1920s and especially the 1930s should not be regarded as foreshadowing the Nazi catastrophe—which was primarily the result of actions by an external force—however, there is no doubt that in both countries Jewish integration was seriously endangered during the interwar period....


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