The crisis could boost Nazis through economic misery or through Jewish scapegoating propaganda.

Evidence

How did the banking crisis boost support for the Nazi Party? There are two plausible channels. First, Danat’s default led to economic misery, which could have translated into greater Nazi backing. Second, scapegoating Jews (and the hated Weimar political and financial “system” allegedly dominated by Jews) for the economic depression was a key element of Nazi propaganda. The ability to point to real misery – arguably exacerbated by the collapse of the Jewish-led Danatbank, which was highly visible and received wide press coverage – enhanced the credibility and appeal of this misguided message and turned voters towards the Nazi party. We first examine the “economic” channel, and then investigate the “cultural” channel. — Sebastian Doerr et al., Financial Crises and Political…, 106

Categorization

• XREF: connects to: Media scapegoating, not economic loss alone, drove post-crisis Nazi radicalization; Jews’ economic roles made them scapegoats for capitalist misery. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1539; Falling local incomes from the banking crisis raised Nazi vote share substantially — Sebastian Doerr et al., Financial Crises and Political…, 107 (+10 more)

Broader Connections

• Anti-Semitic cultural context magnified the Danat crisis’s radicalizing effect #corroborates (0.85) — Sebastian Doerr et al., Financial Crises and Political…, 151
• Falling local incomes from the banking crisis raised Nazi vote share substantially #corroborates (0.82) — Sebastian Doerr et al., Financial Crises and Political…, 107
• Jews’ economic roles made them scapegoats for capitalist misery. #expands (0.80) — Rolf Wiggershaus, The Frankfurt School, 1539
• Jewish economic roles made them appear as capitalism’s aggressive face to oppressed masses #expands (0.80)
• Instigators rise by offering hope in crises that relies on scapegoating. #corroborates (0.80) — Leonard S. Newman and Ralph Erber (eds.), Understanding Genocide, 1704
• Economic precarity of the lower middle class fueled sudden antisemitism #corroborates (0.78) — Hannah Arendt, The Origins of Totalitarianism, 141
• Jews were scapegoated in financial scandals they only mediated #exemplifies (0.78) — Hannah Arendt, The Origins of Totalitarianism, 140
• A future crisis could reactivate racist state social-engineering capacities. #expands (0.75) — Zygmunt Bauman, Modernity and the Holocaust, 230
• Sympathetic media portrayals can help justify racism during crises. #exemplifies (0.75)
• Economic collapse destroyed social fabric and private life before Nazism’s rise #qualifies (0.75) — Sarah Bakewell, At the Existentialist Café, 253
• Popular antisemitism contributed to the Holocaust chiefly through induced apathy. #expands (0.72) — Zygmunt Bauman, Modernity and the Holocaust, 115