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tion every year and even travel abroad. Cars were ubiquitous in all the families. However, side effects were here. Monopoly capitalism rose. Hitler also started State monopoly with large annexation of small enterprises and large private monopolies, expanding the State monopoly capital. Also he plundered the money made by Jews that amounted to 6 million and augmented the national capital.

Also German crisis along with other countries’ crisis comprised the Great Depression throughout the whole world. Undoubtedly, German crisis stoked the violence as one of the most typical slump.

4.0 Conclusion

This report probes into the nature of German crisis in 1931. It presents a comprehensive view composed of several theories of the crisis including bank crisis, currency crisis, gold standard, indebtedness and inflation. The paper puts emphasis on the reason why crisis happened in German between the two wars and the devastating effects on the whole world , no matter in economy, politics, culture, or in the daily life so that we notify the depression cycle and forestall it in the future ,especially now the whole world is confronted with economy slump. But the point is that depression is not an incident, but an accumulating process over a prolonged time. The reason why we arrive at such conclusion is from analyzing the accurate dates and information in history，not obtained causally. But it is insufficient to draw a purely accurate conclusion. More research should be projected and dates pieced together. Also comparison between theGermanycrisis , the Great Depression and financial crisis inAsiashould be made to analysis the different reasons and resolutions.

As is known, the whole world is faced with financial slump in every field resulting from complicated factors. So the best solution to ameliorate and eliminate it entails the meticulous investigation of the previous crisis. Lessons should be learned from the report. Crisis is not sparked by a specific factor, but a consequence of complicated matters. However, it does not mean that we should curb the potential development and muddle through economy furtively. Instead, specific regulatory measures should take to hedge against short-term foreign capital withdrawal for financial stability prevent the more large-scale pervasion. Adequate bank strategies should be accentuated, government supervision highlighted and the public confidence strengthened to estrange the latent economy evil from the root. 

5.0 Reference

Barry Eichengreen and Peter Temin (2000). “The Gold Standard and the Great Depression”. Contemporary uropean History, 9, pp 183-207

Carl-Ludwig Holtfrerich(1986). “The German Inflation, 1914-1923: Causes and Effects in International Perspective”.

Charles Reginald Schiller Harris(1979). “The German's Foreign Indebtedness”. Library of Congress Cataloging in ublication Date.

ISABEL SCHNABEL (2004). “The German Twin Crisis of1931”The Journal of Economic History, 64, pp 822-871

Martin Hans Petri(2000). “The Causes of the German Banking Crisis of July1931 ininternational perspective. p148-50

Marcus Nadler,Jules Bogen(1934). “The Banking Crisis (RLE Banking & Finance): The End of an Epoch ”. British ibrary Cataloguing in Publication Data

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