Do financial crises radicalize voters? We study Germany's banking crisis of 1931, when two major banks collapsed and … similar in their pre-crisis characteristics and exhibited no differential pre-trends; firms borrowing from Danat had lower … leverage before the crisis than other rms. Unobservables are unlikely to account for the results. …

Do financial crises radicalize voters? We study Germany's 1931 banking crisis, collecting new data on bank branches and … firm-bank connections. Exploiting cross-sectional variation in precrisis exposure to the bank at the center of the crisis … frequent in places affected by the banking crisis. Our results suggest an important synergy between financial distress and …

severe banking crisis in 1931, caused by foreign shocks and political inaction, radical voting increased sharply in the … following year. Democracy collapsed six months later. We collect new data on pre-crisis bank-firm connections and show that … Jewish chairman strongly predicts Nazi voting. Local exposure to the banking crisis simultaneously led to a decline in Jewish …

Do financial crises radicalize voters? We study Germany's banking crisis of 1931, when two major banks collapsed and … similar in their pre-crisis characteristics and exhibited no differential pre-trends; firms borrowing from Danat had lower … leverage before the crisis than other firms. Unobservables are unlikely to account for theresults …