Danat exposure raised Nazi voting 1.7 to 2.5 percentage points across robustness checks.

Evidence

Moving a city from the 50th to the 90th percentile in terms of exposure implies an increase of Nazi voting by 1.7 p.p. For the period 1930-November 1932, we find a somewhat smaller and insignificant coefficient on exposure – which nonetheless is not statistically different from the one reported in column (1). For the period 1930-March 1933, the coefficient is again significant and somewhat larger. For the branch dummy in columns (4)–(6) the results are similar to those in panel A: NSDAP vote shares climbed by an additional 1.8 to 2.5 p.p. in cities with a Danat branch. — Sebastian Doerr et al., Financial Crises and Political…, 104

Categorization

• XREF: connects to: Nazi vote share gained an extra 2.5 percentage points in Danat-exposed cities. — Sebastian Doerr et al., Financial Crises and Political…, 96; Danatbank-exposed cities saw a 2.9-percentage-point extra rise in Nazi vote share.; Danat exposure radicalized Nazi voting beyond the income losses it caused — Sebastian Doerr et al., Financial Crises and Political…, 113 (+2 more)

Related

• Nazi vote share gained an extra 2.5 percentage points in Danat-exposed cities. (similarity 0.95)
• Danatbank-exposed cities saw a 2.9-percentage-point extra rise in Nazi vote share. (similarity 0.95)
• Exposure to Danatbank failure raised Nazi vote shares by roughly 3 percentage points (similarity 0.93)
• Continuous exposure measures confirm Danat exposure boosted Nazi voting (similarity 0.92)
• Danatbank exposure raised Nazi vote share across multiple federal elections. (similarity 0.92)
• The Danat collapse boosted Nazi votes beyond nationwide crisis effects (similarity 0.90)
• Danat exposure radicalized Nazi voting beyond the income losses it caused (similarity 0.89)
• Local Jewish financial presence did not amplify the Danat effect on Nazi voting (similarity 0.87)
• Nazi gains in Danat-exposed cities emerged only after the bank’s collapse (similarity 0.87)
• Nazi gains in exposed cities appeared only after the banking crisis, not before. (similarity 0.87)
• Falling local incomes from the banking crisis raised Nazi vote share substantially (similarity 0.87)
• Anti-finance sentiment alone cannot explain the Danat effect on Nazi voting (similarity 0.85)
• Danat’s Jewish chairman being singled out explains its stronger radicalization effect over Dresdner’s. (similarity 0.85)
• Anti-Semitic cultural context magnified the Danat crisis’s radicalizing effect (similarity 0.84)
• Danat-exposed cities did not differ systematically on observable characteristics. (similarity 0.83)

Broader Connections

• Danatbank exposure raised Nazi vote share across multiple federal elections. #expands (0.95) — Sebastian Doerr et al., Financial Crises and Political…, 254
• The Danat collapse boosted Nazi votes beyond nationwide crisis effects #corroborates (0.90) — Sebastian Doerr et al., Financial Crises and Political…, 150
• Danat exposure radicalized Nazi voting beyond the income losses it caused #corroborates (0.80) — Sebastian Doerr et al., Financial Crises and Political…, 113