1931

In "1931," Tobias Straumann examines Germany's catastrophic financial collapse during the summer of 1931, a pivotal event that triggered global panic and a deepened worldwide recession. The collapse resulted from Germany's overwhelming foreign debt and led to harsh austerity measures, which sparked political unrest and distrust in the government. As the crisis escalated, the banking system failed, and Adolf Hitler's criticism of foreign creditors gained traction among voters, ultimately paving the way for the Nazi Party's rise to power.