The World Economy between the World Wars
Feinstein, Charles H.
Temin, Peter,
Professor of Economics,
Massachusetts Institute of Technology
Toniolo, Gianni,
Professor of Economics,
University of Venice
Print publication date: 2008
Published to Oxford Scholarship Online: May 2008 Print ISBN-13: 978-0-19-530755-9 doi:10.1093/acprof:oso/9780195307559.001.0001 |
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Abstract:
This book surveys the main events in the international economy from the outbreak of the First World War to the end of the Second World War: a period of time variously defined as the “globalization backlash”, the “Second Thirty Years War”, or simply “the World in Depression”. The book starts with the unfortunate peace settlement after the First World War and progresses to the ensuing hyperinflations and financial crises; from the attempts at rebuilding an international economic and monetary order in the face of rapid technical progress and productivity growth to the policy mistakes that brought about the Great Depression — the most devastating economic depression in human history; from wide-spread long-term unemployment to overall autarky and a second global conflagration. The opening chapter puts the interwar years in the long-term quantitative perspective of economic development over the whole of the 20th century while the final chapter highlights the long-run impact of the interwar years on the growth and policy features of the prosperous decades that followed the end of the Second World War.
Keywords: interwar economy, world wars, Great Depression, financial crises, hyperinflation, globalization, unemployment Table of Contents
Preface
Introduction
Chapter 1.
The Interwar Economy in a Secular Perspective
Chapter 2.
The Legacy of the First World War
Chapter 3.
The 1920s: Crises and Currency Stabilizations
Chapter 4.
Output, Productivity, and Technical Progress in the 1920s
Chapter 5.
International Capital Movements in the 1920s
Chapter 6.
The Onset of the Great Depression
Chapter 7.
Unemployment
Chapter 8.
The Fragmented World of the 1930s
Chapter 9.
Industrial Progress and Recovery
Chapter 10.
Epilogue: The Past and the Present
Bibliography
Index
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