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WTB Plan
The Woytinsky-Tarnow-Baade plan, abbreviated as the WTB plan, was a proposed debt-financed public employment program in Germany in 1932. It was intended to ease the effects of the Great Depression by ending the country's deflationary spiral and increase purchasing power. The plan would have seen the federal government fund one million public jobs via a loan from the German Central Bank of three billion Reichsmark (equivalent to 3% of GDP). The plan was named for its three key proponents: Russian economist Vladimir S. Voitinsky (in German ''Woytinsky''), woodworkers' union president Fritz Tarnow, and Social Democratic agriculture spokesman Fritz Baade. The three presented their plan to the Social Democratic Party of Germany (SPD) and German Trade Union Confederation in January 1932, but it was not adopted. Background Woytinsky was a Russian economist and politician who had emigrated from the Soviet Union in 1921. He spent most of the 1920s in Germany, where he published a serie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir S
Vladimir (, , pre-1918 orthography: ) is a masculine given name of Slavic origin, widespread throughout all Slavic nations in different forms and spellings. The earliest record of a person with the name is Vladimir of Bulgaria (). Etymology The Old East Slavic form of the name is Володимѣръ ''Volodiměr'', while the Old Church Slavonic form is ''Vladiměr''. According to Max Vasmer, the name is composed of Slavic владь ''vladĭ'' "to rule" and ''*mēri'' "great", "famous" (related to Gothic element ''mērs'', ''-mir'', cf. Theode''mir'', Vala''mir''). The modern ( pre-1918) Russian forms Владимиръ and Владиміръ are based on the Church Slavonic one, with the replacement of мѣръ by миръ or міръ resulting from a folk etymological association with миръ "peace" or міръ "world". Max Vasmer, ''Etymological Dictionary of Russian Language'' s.v. "Владимир"starling.rinet.ru [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heinrich Brüning
Heinrich Aloysius Maria Elisabeth Brüning (; 26 November 1885 – 30 March 1970) was a German Centre Party politician and academic, who served as the chancellor of Germany during the Weimar Republic from 1930 to 1932. A political scientist and Christian social activist, he entered politics in the 1920s and was elected to the Reichstag in 1924. In 1930, he was appointed interim chancellor, just as the Great Depression took hold. His austerity policies in response were unpopular, with most of the ''Reichstag'' opposed, so he governed by emergency decrees issued by President Paul von Hindenburg, overriding the ''Reichstag''. This lasted until May 1932, when his land distribution policy offended Hindenburg, who refused to issue any more decrees. Brüning resigned in response to the refusal. After Hitler took power, Brüning fled Germany in 1934. He eventually settled in the United States. From 1937 to 1952, he was a professor at Harvard University. He returned to Germany in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Germany
Until the early 19th century, Germany, a federation of numerous states of varying size and development, retained its pre-industrial character, where trade centered around a number of free cities. After the extensive development of the railway network during the 1840s, rapid economic growth and modernization sparked the process of industrialization. Under Prussian leadership Germany was united in 1871 and its economy grew rapidly. The largest economy in Europe by 1900, Germany had established a primary position in several key sectors, like the chemical industry and steel production. High production capacity, permanent competitiveness and subsequent protectionist policies fought out with the US and Britain were essential characteristics. By the end of World War II, the country's economic infrastructure was completely destroyed. West Germany embarked in its program of reconstruction guided by the economic principles of the Minister of Economics Ludwig Erhard excelled in the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1932 In Germany
Year 193 ( CXCIII) was a common year starting on Monday of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is auctioned off; Marcus Didius Julianus the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1931 In Germany
Events in the year 1931 in Germany. Incumbents * President - Paul von Hindenburg (Non-partisan) * Chancellor - Heinrich Brüning ( Centre) Events * January 4 – German pilot Elly Beinhorn begins her flight to Portuguese Guinea (now Guinea-Bissau) in Africa. * February 11 – National Socialist (NSDAP) and National Party (DNVP) members walk out of the Reichstag in protest against changes in the parliament's protocol intended to limit heckling. * April 22 – Austria, Denmark, Germany, Italy, Sweden, the United Kingdom and the United States recognize the Second Spanish Republic. * May 8 – Prosecution of Adolf Hitler by Hans Litten for complicity in manslaughter committed by members of the ''Sturmabteilung'' at the ''Tanzpalast Eden'' ("Eden Dance Palace") in Berlin in 1930 is dismissed. * June 5 – Chancellor Brüning visits London, where he warns the British Prime Minister Ramsay MacDonald that the collapse of the Austrian banking system, cau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wirtschaftsdienst
''Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik'' () is a peer-reviewed academic journal covering economic and social policy issues in Germany or affecting Germany. It also publishes topics of the European Union in the fields of trade, econometrics, environment, and monetary policy. The editor-in-chief is Dr. Nicole Waidlein. The journal is an official publication of the German National Library of Economics (ZBW). It was established in 1916 and is one of the oldest academic economics journals. History ''Wirtschaftsdienst'' was established in 1916 at the Hamburg Institute of International Economics (HWWA) in collaboration with the Kiel Institute for the World Economy and the University of Kiel. In 2007, the HWWA was merged with the ZBW with the aim of making the journal a leading forum for research-based discussions of major German and European economic policy issues. See also * ''Intereconomics ''Intereconomics – Review of European Economic Policy'' is a bimonthly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation In The Weimar Republic
Hyperinflation affected the Papiermark, German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918. This national debt was substantially increased by 50 billion marks of reparations payable in cash and in-kind (e.g., with coal and timber) under the May 1921 London Schedule of Payments agreed after the Versailles treaty. This inflation continued into the post-war period, particularly when in August 1921 the German central bank began buying Hard money (policy), hard cash with paper currency at any price, which they claimed was to pay reparations in hard cash, though little in the way of cash reparations payments were made until 1924. The currency stabilised in early 1922, but then hyperinflation took off: the exchange value of the mark fell f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rudolf Hilferding
Rudolf Hilferding (; 10 August 1877 – 11 February 1941) was an Austrian-born Marxist economist, Socialism, socialist theorist,International Institute of Social History, ''Rudolf Hilferding Papers'': http://www.iisg.nl/archives/en/files/h/10751012.php politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic,William Smaldone, Smaldone, William, ''Rudolf Hilferding and the total state'', 1994: http://www.encyclopedia.com/doc/1G1-15867926.html being almost universally recognized as the SPD's foremost theoretician of the twentieth century. He was also a physician. He was born in Vienna, where he received a doctorate having studied medicine. After becoming a leading journalist for the SPD, he participated in the German Revolution of 1918–19, November Revolution in Germany and was List of German finance ministers, Finance Minister of Germany in 1923 and from 1928 to 1929. In 1933 he fled into exile, living in Zurich and then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of North Carolina Press
The University of North Carolina Press (or UNC Press), founded in 1922, is a not-for-profit university press associated with the University of North Carolina. It was the first university press founded in the southern United States. It is a member of the Association of University Presses (AUPresses) and publishes both scholarly and general-interest publications, as well as academic journals, in subjects that include southern/US history, military history, political science, gender studies, religion, Latin American/Caribbean studies, sociology, food studies, and books of regional interest. It receives some financial support from the state of North Carolina and an endowment fund. Its office is located in Chapel Hill. History In 2006, UNC Press started the distribution company Longleaf Services as an affiliate. See also * List of English-language book publishing companies * List of university presses References External links * Longleaf Services [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Works
Public works are a broad category of infrastructure projects, financed and procured by a government body for recreational, employment, and health and safety uses in the greater community. They include public buildings ( municipal buildings, schools, and hospitals), transport infrastructure ( roads, railroads, bridges, pipelines, canals, ports, and airports), public spaces (public squares, parks, and beaches), public services ( water supply and treatment, sewage treatment, electrical grid, and dams), environmental protection ( drinking water protection, soil erosion reduction, wildlife habitat preservation, preservation and restoration of forests and wetlands) and other, usually long-term, physical assets and facilities. Though often interchangeable with public infrastructure and public capital, public works does not necessarily carry an economic component, thereby being a broader term. Construction may be undertaken either by directly employed labour or by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% and becomes negative. While inflation reduces the value of currency over time, deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from '' disinflation'', a slowdown in the inflation rate; i.e., when inflation declines to a lower rate but is still positive. Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral . Some economists argue that prolonged deflationary periods are related to the underlying technological progress in an economy, because as productivity increases ( TFP), the cost of goods decreases. Deflation usually happens when supply is hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * new technologies and inventions * policies of the government * regulation and market * war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
