Austerity in the 1930s contributed directly to global catastrophe.

Evidence

We examine six cases of austerity from the 1930s: the United States, Britain, Sweden, Germany, Japan, and France, and note how austerity in these cases mightily contributed to blowing up the world—literally—during the 1930s and 1940s. — Mark Blyth, Austerity, 69

Categorization

• XREF: The specific 1930s national cases point toward the empirical chapters later in this book, and the causal claim connects to Blyth’s core thesis likely to appear in the Mattei comparison. — connects to: Swedish austerity in the 1920s produced the greatest slump in the nation’s history — Mark Blyth, Austerity: The History of a Dangerous…, 520; Interwar austerity deepened depressions and helped cause the Second World War — Mark Blyth, Austerity: The History of a Dangerous…, 555; Interwar austerity policies helped precipitate the 1929 crash. — Clara E. Mattei, The Capital Order: How Economists…, 1619 (+1 more)

Broader Connections

• The 1937 recession was a deliberate natural experiment in austerity that failed #exemplifies (0.95) — Mark Blyth, Austerity, 510
• Interwar austerity policies helped precipitate the 1929 crash. #exemplifies (0.90) — Clara E. Mattei, The Capital Order, 1619