Sebastian Doerr, Jos��-Luis Peydr��, and Hans-Joachim Voth: Failing Banks and Hitler's Path to power: "Polarised politics in the wake of financial crises echo throughout modern history, but evidence of a causal link between economic downturns and populism is limited. This column shows that financial crisis-induced misery boosted far right-wing voting in interwar Germany. In towns and cities where many firms were exposed to failing banks, Nazi votes surged. In particular,��places exposed to the one bank led by a Jewish chairman registered particularly strong increases of support���scapegoating Jews was easier with seemingly damning evidence of their negative influence...
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Published on July 28, 2019 00:21