Only exposure to Danatbank, not Dresdner, raised Nazi voting despite identical economic losses.

Evidence

In this section, we demonstrate that, after the banking crisis, support for the Nazi Party grew more in towns and cities exposed to Danatbank than in the rest of Germany. We then show that the amplification of pre-existing anti-Semitism is one likely mechanism responsible for the rise: among Danat-exposed cities, the surge in Nazi support was greatest in places with a previous history of anti-Semitism. Comparing Danatbank and Dresdner Bank, whose manager was not singled out during the banking crisis to the same extent as Danat’s (Goldschmidt), further underlines the role of cultural factors: while the economic impact of the two bank failures was almost identical, only exposure to Danat had a significant effect on Nazi voting. — Sebastian Doerr et al., Financial Crises and Political…, 94

Categorization

• QUESTION: Core causal claim isolating media framing over economic harm — the reader’s primary target. Worth confirming the Danat-versus-Dresdner design robustness later in the book.
• XREF: connects to: An unpublicized bank failure did not radicalize voters despite similar economic damage. — Sebastian Doerr et al., Financial Crises and Political…, 29; Danatbank exposure raised Nazi vote share across multiple federal elections. — Sebastian Doerr et al., Financial Crises and Political…, 254; Local Jewish financial presence did not amplify the Danat effect on Nazi voting — Sebastian Doerr et al., Financial Crises and Political…, 142 (+7 more)

Broader Connections

• Danat exposure radicalized Nazi voting beyond the income losses it caused #expands (0.88) — Sebastian Doerr et al., Financial Crises and Political…, 113
• Exposure to Danatbank failure raised Nazi vote shares by roughly 3 percentage points #expands (0.86) — Sebastian Doerr et al., Financial Crises and Political…, 101
• Danatbank exposure raised Nazi vote share across multiple federal elections. #corroborates (0.85) — Sebastian Doerr et al., Financial Crises and Political…, 254
• Identical bank-failure income losses radicalized voters only where media singled out the bank #expands (0.82) — Sebastian Doerr et al., Financial Crises and Political…, 123
• Anti-finance sentiment alone cannot explain the Danat effect on Nazi voting #expands (0.80) — Sebastian Doerr et al., Financial Crises and Political…, 141
• Local Jewish financial presence did not amplify the Danat effect on Nazi voting #expands (0.78) — Sebastian Doerr et al., Financial Crises and Political…, 142
• Nazi gains in Danat-exposed cities emerged only after the bank’s collapse #corroborates (0.76) — Sebastian Doerr et al., Financial Crises and Political…, 105
• Nazi gains in exposed cities appeared only after the banking crisis, not before. #corroborates (0.76)