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  • Seminar,

Björn Brey (Université d'Oxford, Université Libre de Bruxelles)

Published on January 8, 2024 – Updated on January 18, 2024
Date
Le 11 January 2024 De 12:15 à 13:15
Location
Pôle Tertiaire - Site La Rotonde - 26 avenue Léon Blum - 63000 Clermont-Ferrand
Room 212

Research seminar. The consequences of a trade collapse: Economics and politics in Weimar Germany

The consequences of a trade collapse: Economics and politics in Weimar Germany


Björn Brey
University of Oxford and Université libre de Bruxelles

Coauthor: Giovani Facchini

Abstract

What are the political consequences of de-globalization? We address this question in the context of Weimar Germany, which experienced a 67% decline in exports between 1928-1932. During this period, the Nazi party vote share increased from 3% to 37%. Using newly digitized data, we show that this surge was not driven by the direct effects of the export decline in manufacturing areas. At the same time, trade shock-induced declines in food prices spread economic hardship to rural hinterlands. We document that this indirect effect and the pro-agriculture policies put forward by the Nazis are instead key to explain their electoral success. 

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