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Internationale Studien zur Geschichte von Wirtschaft und Gesellschaft

Teil 1 und Teil 2

Karl von Hardach

Wirtschafts- und Sozialhistoriker – gut eine halbe Hundertschaft aus zwölf Ländern – bieten einen bunten Strauß ihrer akademischen Arbeiten von der Antike bis zur Gegenwart. Zu Worte kommen Professoren und Praktiker (Anwälte und Archivare, Beamte und Bankiers, Gymnasiallehrer und Geschäftsleute – alle mit einem Herzen für die Historie). Sie bieten Einblicke in die Breite und Tiefe wirtschafts- und sozialgeschichtlicher Untersuchungen und belegen Methodenvielfalt und Darstellungsmannigfaltigkeit wie sie heute weltweit praktiziert werden. Der Band enthält Beiträge in deutscher und englischer Sprache.

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Causes and Consequences of the Great Depression and the Present Financial Crisis: Similarities and Contrasts: Dietmar Rothermund

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999 Causes and Consequences of the Great Depression and the Present Financial Crisis: Similarities and Contrasts* Dietmar Rothermund Introduction The current financial crisis is a global phenomenon similar to the Great Depres- sion of the 1930s. In comparing these two traumatic experiences it must be kept in mind that the world has changed dramatically in the meantime. Particularly the resurgence of Asia has made a major difference. At the time of the Great Depression most of Asia with the exception of Japan was under colonial rule. China was subjected to semi-colonial dependence. All of Asia was deeply affected by the depression as will be explained in this paper. The depression hastened the process of decolonization. The rise of Asian nation states after World War II, particularly the emergence of the two giants, China and India, has greatly changed the pattern of international affairs. Whereas China and India had suf- fered from the depression, they have been hardly affected by the present crisis. The comparative study attempted here will highlight this global transformation. However, since both the depression and the current crisis have originated in the USA, the study must begin by tracing those origins. The Great Depression was due to cumulative causation. Several unrelated trends converged and reinforced each other. The perversion of the gold standard which finally led to global deflation and credit contraction was the most ominous trend, but there was also the worldwide overproduction of wheat, particularly in America, which then precipitated a steep fall in commodity...

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