German Control over International Economic Relations, 1930-1940

German Control over International Economic Relations, 1930-1940

German Control over International Economic Relations, 1930-1940

German Control over International Economic Relations, 1930-1940

Excerpt

This monograph is neither a justification nor a condemnation of German international economic policy from 1930 to 1940. It is an attempt to explain the causes, the nature, and the consequences of the rigid control which Germany exercised over its international economic and financial relations during the past decade. Certain of the consequences of control measures have important bearing on the present efficacy of the German economy for total war. Because of the multiplicity of restrictive measures, this analysis is neither exhaustive nor final. German international economic policy is still in a state of flux.

To the National Socialists has been assigned a great deal of the responsibility for the disruption of normal international economic and financial relations between nations. However, to a considerable extent, German control measures were consequences, rather than causes, of international disequilibria. Germany was not so much the source of international economic and financial disturbances as a medium through which shocks originating elsewhere were transmitted to other parts of the world economy.

In carrying out this study the writer benefited greatly from the criticisms and suggestions of Professors Ivan Wright and Simon Litman of the University of Illinois. Thanks are also due the Institute of International Education in New York City through whose assistance the writer was privileged to spend a year at the University of Bonn, Germany, as an Exchange Fellow in Economics. To members of the Department of Economics at the University of Bonn and to the Regierungspr°äsident of West Prussia, i.R., Dr. Carl Budding, who suggested sources of information and interpreted certain German developments, acknowledgment is also due.

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