Edward A. Tenenbaum and the Creation of the Deutsche Mark: Who’s the Money Doctor?

Vincent Bignon

A chapter in Money Doctors Around the Globe, 2024, pp 333-353 from Springer

Abstract: Abstract On Sunday 20 June 1948, the Deutsche Mark was swapped against the Reichsmark and became immediately used in all transactions and evicted all others means of payment. This success was associated with a massive upsurge of consumption and productivity, all things that were predicted by the money doctor. This chapter describes the West-German monetary reform and revisits the literature on who the money doctors of this reform were. This issue is somewhat controversial, as some claimed that it was the to-be German economic minister Ludwig Ehrard, while others suggested that it has to be attributed to the US military government, and notably to the advisor of the finance director, Edward Tenenbaum. This chapter shows that it took more money doctors than Tenenbaum to have engineered this reform.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-981-97-0134-6_18

Ordering information: This item can be ordered from
http://www.springer.com/9789819701346

DOI: 10.1007/978-981-97-0134-6_18

Access Statistics for this chapter

More chapters in Studies in Economic History from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().