A timely narrative account of the biggest financial crisis in modern history and its human consequences by the author of Dresden and The Berlin Wall.
Frederick Taylor was educated at Aylesbury Grammar School, and read History and Modern Languages at Oxford, and did postgraduate work at Sussex University. He edited and translated The Goebbels Diaries and is the author of the acclaimed Dresden, The Berlin Wall and Exorcising Hitler. He lives in Cornwall.
He uses reportage well ... And has a deft touch with personal
anecdotes. His forte, revealed in earlier books on Germany, is
narrative history, which trots along at a friendly pace
*The Times*
Taylor has many absorbing passages: his accounts of life in pre-war
Berlin, the immediate post-war stance of the imperial navy, the
outrages of the Freikorps, the persistence of nationalism, the
ravages of the extended Allied blockage and the Franco-Belgian
occupation of the Ruhr in 1923. Equally arresting ... Is a German
memorandum written in 1914 (but only discovered in 1950) on the
assumption that the country would win the war ... Embellished with
much contemporary detail painstakingly trawled from newspapers,
diaries and other books
*Literary Review*
Germans are terrified of inflation ... By the end of The Downfall
of Money it is clear why these fears are so deeply embedded. At the
root of the trauma lie the events of 1923, when the German currency
plummeted from 7,500 Reichsmarks to the dollar to a rate of 2.5
trillion ... It is remarkable that the world’s second-biggest
economy didn’t disintegrate. Frederick Taylor, who has written
several books on this era, is careful to blame no one ... He is
quick to offer parallels with the recent financial crisis, when
many governments turned to quantitative easing ... To avoid
recession or even depression. And his book has suggestions about
where the world may be heading if it is not careful
*Economist*
If you thought you knew everything about the Nazis, Frederick
Taylor’s The Downfall of Money may make you pause ... Taylor
doesn’t make heavy weather with the comparisons between what faced
Germany after 1918 and the current Eurozone crisis but there is no
doubt that this story resonates because of these parallels
*Big Issue Cymru*
Excellent … By skillfully weaving together economic history with
political narrative and drawing on sources from everyday life as
well as the inner cabinet of diplomacy, Mr. Taylor tells the
history of the Weimar inflation as the life-and-death struggle of
the first German democracy … This is a dramatic story, well
told
*Wall Street Journal*
The British historian Frederick Taylor has written so brilliantly
and incisively about Adolf Hitler that it is no surprise that he
has turned his attention to the German economic meltdown … Mr.
Taylor’s book, Exorcising Hitler, proved the author’s prowess at
social and political historiography and a magnificent grasp of
Germany as a whole. The Downfall of Money demonstrates that superb
attunement to Germany anew and also [Taylor’s] mastery as an
economic historian … Firmly and rightly grounded in its own time
and place, The Downfall of Money nonetheless resonates in our
own
*Washington Times*
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