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Weimar Republic

Culture Reviews: 'Painting Dutch Capitalism' & 'Mocking Hitlerism'

Painting Dutch Capitalism

The Rijks Museum in Amsterdam is home to the art of the Dutch Republic of the 17th century, which was ‘the rosy dawn of the era of capitalist production.’

The Dutch bourgeoisie declared their independence from the Spanish in 1581. The Explosion of the Spanish Flagship during the 1607 Battle of Gibraltar by van Wieringen reflects pride in the victory of the Dutch fleet over the Spanish. The Celebration of the Peace of Munster, June 1648 by van der Helst depicts a banquet and displays the bourgeois pride in independence and victory over feudalism.

The world financial centre was in Amsterdam. It had the first ever Stock Exchange, the Bank of Amsterdam, capitalist cycles of boom-and-bust, speculative asset inflation ('Tulip Mania'), and Isaac Le Maire, the first stock ‘bear trader’.

The Origin and Growth of Nazism pt.3

Like a thunderbolt, the world slump struck German economy amidships towards the end of 1929. The capitalist magnates of New York, London and Paris who had financed Germany’s industrial comeback, hastily called in whatever part of their loans they could lay their hands on. Thus the German crisis assumed even more disastrous proportions than that of other countries. Her industry had rehabilitated itself on foreign credit and when this credit vanished, the bottom fell out from Germany’s reservoir of production.

The Origin and Growth of Nazism pt.2

In January, 1919, the first elections under the new Weimer constitution were held. German Social Democracy polled more than 11 ½  million votes. Eighteen months later these votes dropped to less than half. As the new republic was synonymous with the German Labour Party – indeed it was there own handiwork – this meant only one thing: sooner or later the democratic republic of Germany would fall and bury the founders beneath the its ruins. The question was: Which political force would achieve the assassination  of German democracy?

Banks and Credit

THE USE-VALUE of loan capital, which is made available through the banking system, consists of producing profit, and this type of profit is described as interest. The rate of interest is arrived at by competition between lenders and borrowers, or by supply and demand; the lender of loan capital striving to obtain the highest rate of interest for the use of his capital, and the borrower seeking the lowest rate. There is no "natural" rate of interest, nor is there any limit to the rate that can be charged.

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