Lecture6Culture

Lecture6Culture - Lecture Six Illiberal Culture I The...

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Lecture Six: Illiberal Culture I. The Failures of Liberalism Hostilities continue Nationalism subverts democracy Diplomatic system fails Treaties too harsh, too lenient GB, US unwilling to enforce treaties Shaky economic foundations
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II. The Economic Consequences of the Peace External shocks “Lost Generation” Demobilization Spanish Flu 1918/19 (20-40 mln fatalities) Internal shocks Inflation: all European states Hyperinflation: Germany
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Employment    Inflation = Hyperinflation:  inflation of over 50%/month
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Year Exchange Rate with Dollar in Berlin Stockmarket index Consumer Price Index Jan. 1919 1.49 0.97 --- Jul. 1919 3.59 1.00 --- Jan. 1920 15.43 1.66 --- Jul. 1920 9.40 1.87 10.65 Jan. 1921 15.46 2.78 11.79 Jul. 1921 18.26 3.37 12.50 Jan. 1922 45.69 7.43 20.41 Jul. 1922 117.49 8.97 53.92 Dez. 1922 1807.83 88.81 685.06 Jan. 1923 4281.00 224.29 1120.27 Feb. 1923 6650.00 451.07 2643.00 Mär. 1923 5048.00 336.35 2854.00 Apr. 1923 5826.00 501.83 2954.00 Mai. 1923 11,355.00 951.29 3816.00 Jun. 1923 26,202.00 3520.44 7650.00 Jul. 1923 84,186.00 13,493.53 37,651.00 Aug. 1923 1,100,632.00 1,247,00.00 586,045.00 Sep. 1923 23,549,000.00 5,300,000.00 15,000,000.00 Okt. 1923 6,017,000,000.00 1,713,000,000.00 3,657,000,000.00 Nov. 1923 522,286,000,000.00 237,000,000,000.00 657,000,000,000.00 Dez. 1923 1,000,000,000,000.00 269,000,000,000.00 1,247,000,000,000.00
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III. The Spread of Illiberalism Massive state intervention in economy Authoritarian control of social institutions Use illiberal methods to save liberalism José Ortega y Gasset (1883-1955) The Revolt of the Masses (1930)
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