Discusses America's foreign economic policy, specifically in relationship to Germany, leading up to the Great Depression. Examines the relationships between borrowers and lenders, and how the obligations assumed by each can either help or lead to the destabilization of the world economy.

"Excellent . . . Mr. Taylor tells the history of the Weimar inflation as the life-and-death struggle of the first German democracy . . . This is a dramatic story, well told." --The Wall Street Journal

"The aim of this research monograph is to explore the establishment of a new economic order in the infant German Republic or often called Weimar Republic (Deutsches Reich) after World War I and its social and economic turbulance."--P. 1.

The Weimar period, which extended from 1919 to 1933, was a time of political violence, economic crisis, generational and gender tension, and cultural experiment and change in Germany. Despite these major issues, the Republic is often treated only as a preface to the study of the rise of Fascism. This text seeks to restore the balance, exploring the Weimar period in its own right. Amongst the topics discussed are: Weimar as the avant-garde artistic centre of Europe in the 1920s when many cultural figures were politically engaged on both sides of the political spectrum; Weimar as a German state racked by conflict over questions of morality versus ideas of greater sexual freedom for women, homosexual rights, abortion and birth control; the struggle to win the hearts and minds of German youth, a struggle won decisively by the right-wing; and Weimar as the first German state in which women played a significant political role.

"Weimar Centennial edition with a new preface by the author."--Title page.

About half of Kolb's compact book is devoted to a "Historical Survey," chronologically divided at the conventional watersheds of 1923-24 and 1929-30. A briefer second part, a historiographical essay in seven topical chapters, is followed by a seven-page chronology, a 676-item classified and topical bibliography, and an index. The bibliography, updated to February 1987, includes some English-language titles not in the original German edition, and is a list of tremendous value. Frequent references to individual entries (as well as to some works not found there) tie the bibliography to the historiographical essay, which is characterized by fair and judicious appraisal of interpretations of the period, even when Kolb clearly disagrees. There is a chapter on the revolution of 1918 and its aftermath in the first section, and one on art and mass culture in the second; each section of the survey also has one chapter focusing on foreign policy, and one on domestic developments.