Faeelin
Banned
Okay, I've been doing some reading on Germany in the depression, and it's rather interesting.
By early 1931, there were some tentative signs of an upturn in the German economy. But things were still, well, awful, and part of the response Bruning considered was pushing for a customs union with Austria.
Meanwhile, banks in Hungary collapse. Which Austrian banks have capital in, causing a collapse. Which German banks have capital in, causing... a collapse. This was made worse by the failure of Austrian banks; people began withdrawing their money out of German banks. Franch offered a loan amounting to roughly two billion Reichsmarks, in return for a variety of conditions, but Germany refused. This, of course, made the Depression much, much worse.
Anyway, it strikes me in an alternate history, with a different German government, this might play out differently. Thoughts?
By early 1931, there were some tentative signs of an upturn in the German economy. But things were still, well, awful, and part of the response Bruning considered was pushing for a customs union with Austria.
Meanwhile, banks in Hungary collapse. Which Austrian banks have capital in, causing a collapse. Which German banks have capital in, causing... a collapse. This was made worse by the failure of Austrian banks; people began withdrawing their money out of German banks. Franch offered a loan amounting to roughly two billion Reichsmarks, in return for a variety of conditions, but Germany refused. This, of course, made the Depression much, much worse.
Anyway, it strikes me in an alternate history, with a different German government, this might play out differently. Thoughts?