Prior anti-Semitism roughly doubled the radicalizing effect of bank distress.

Evidence

Pre-existing anti-Semitism amplified the effect of financial distress on radical voting. Some towns and cities had already persecuted their Jewish communities during the Middle Ages, or voted for anti-Jewish parties before 1914; others had no earlier record of anti- Semitism. The surge in Nazi voting was more pronounced in towns and cities with a long history of anti-Semitism: there, Danat’s presence added 6 p.p. to the Nazi party’s electoral gains – a sizeable increase relative to a mean gain of 17 p.p. from 1930 to July 1932. — Sebastian Doerr et al., Financial Crises and Political…, 27

Categorization

• XREF: connects to: Financial distress and cultural anti-Semitism interacted to spread radicalization. — Sebastian Doerr et al., Financial Crises and Political…, 28; Anti-Semitic cultural context magnified the Danat crisis’s radicalizing effect — Sebastian Doerr et al., Financial Crises and Political…, 151

Broader Connections

• Anti-Semitic cultural context magnified the Danat crisis’s radicalizing effect #expands (0.95) — Sebastian Doerr et al., Financial Crises and Political…, 151
• Financial distress and cultural anti-Semitism interacted to spread radicalization. #corroborates (0.92) — Sebastian Doerr et al., Financial Crises and Political…, 28