Danatbank exposure raised Nazi vote share across multiple federal elections.

Evidence

This table reports results for regression equation (2). The dependent variables are the change in the vote share of the NSDAP across different federal elections. In Panel A, danat takes on a value of one if a city has above-average exposure or a branch of Danatbank. In Panel B, exposure is city-level exposure to Danat; the dummy branch takes on a value of one if a city had a Danat branch. Controls include log population, share blue collar, share protestant, share Jewish, all as of 1925. Standard errors are robust. *** p<0.01, ** p<0.05, * p<0.1. — Sebastian Doerr et al., Financial Crises and Political…, 254

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 raised Nazi voting 1.7 to 2.5 percentage points across robustness checks. — Sebastian Doerr et al., Financial Crises and Political…, 104 (+6 more)

Related

• Danatbank-exposed cities saw a 2.9-percentage-point extra rise in Nazi vote share. (similarity 0.93)
• Danat exposure raised Nazi voting 1.7 to 2.5 percentage points across robustness checks. (similarity 0.92)
• Nazi vote share gained an extra 2.5 percentage points in Danat-exposed cities. (similarity 0.92)
• Exposure to Danatbank failure raised Nazi vote shares by roughly 3 percentage points (similarity 0.89)
• The Danat collapse boosted Nazi votes beyond nationwide crisis effects (similarity 0.89)
• Danat exposure radicalized Nazi voting beyond the income losses it caused (similarity 0.88)
• Local Jewish financial presence did not amplify the Danat effect on Nazi voting (similarity 0.88)
• Anti-finance sentiment alone cannot explain the Danat effect on Nazi voting (similarity 0.87)
• Continuous exposure measures confirm Danat exposure boosted Nazi voting (similarity 0.87)
• Falling local incomes from the banking crisis raised Nazi vote share substantially (similarity 0.86)
• Nazi gains in Danat-exposed cities emerged only after the bank’s collapse (similarity 0.85)
• Nazi gains in exposed cities appeared only after the banking crisis, not before. (similarity 0.84)
• Danat’s Jewish chairman being singled out explains its stronger radicalization effect over Dresdner’s. (similarity 0.83)
• Prior anti-Semitism roughly doubled the radicalizing effect of bank distress. (similarity 0.83)
• Only exposure to Danatbank, not Dresdner, raised Nazi voting despite identical economic losses. (similarity 0.83)

Broader Connections

• Cross-party austerity orthodoxy enabled the Nazi electoral rise #corroborates (0.72) — Mark Blyth, Austerity, 556
• Jewish banking ties to state loans turned class resentment into political antisemitism #corroborates (0.72)