"When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis"
About this Quote
The subtext is about the precariousness of “normal life.” The middle class functions as the story’s emotional hinge because it’s the group most invested in continuity - savings, mortgages, small businesses, the promise that playing by the rules will be rewarded. Hyperinflation doesn’t just raise costs; it humiliates. It turns thrift into foolishness, salaries into jokes, institutions into scams. That sense of betrayal is what the quote wants you to feel, because betrayal is the gateway emotion to radical politics.
Context matters, and the line strategically blurs it. The Nazi rise wasn’t caused by a single economic shock; it was a compound crisis: war guilt, political violence, hyperinflation (1923), then the Great Depression and mass unemployment after 1929, plus elite miscalculation. Clooney’s simplification is the point: it’s a usable historical analogy, designed to make contemporary listeners see inflation and bank fragility not as technocratic problems, but as accelerants of authoritarian temptation when trust and status collapse.
Quote Details
| Topic | War |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Clooney, Nick. (2026, January 14). When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis. FixQuotes. https://fixquotes.com/quotes/when-runaway-inflation-and-bank-failures-struck-164324/
Chicago Style
Clooney, Nick. "When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis." FixQuotes. January 14, 2026. https://fixquotes.com/quotes/when-runaway-inflation-and-bank-failures-struck-164324/.
MLA Style (9th ed.)
"When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis." FixQuotes, 14 Jan. 2026, https://fixquotes.com/quotes/when-runaway-inflation-and-bank-failures-struck-164324/. Accessed 11 Feb. 2026.






