Paper and Iron: Hamburg Business & German Politics During Inflation Era 1897-1927 - Historical Study for Researchers & Economics Students" （注：原书标题为学术著作，因此优化方向侧重学术关键词和研究用途，保留了原标题核心元素并增加了SEO友好的学术研究场景说明）

Product Description

Few economic events have had the impact of German hyperinflation in 1923, still remembered as a root cause of Hitler's rise to power; yet in recent years historians have defended the inflationary policies adopted after 1918. Niall Ferguson takes a different view. He argues that inflation was an economic and political disaster, and that alternative economic policies could have stabilized the German currency in 1920. To explain why these were not adopted, he points to long-term defects in the political institutions of the Reich from the 1890s. The book therefore not only reveals the Wilhelmine origins of Weimar's failure: it also casts new light on the origins of the Third Reich.