Stability of European Industries
Preserving Structural Arrangements before 1939
This chapter discusses the stability of European industries and efforts to preserve structural arrangements of national systems of industrial production before 1939. Before the beginning of World War II, Western European systems of industrial production shared a number of key structural features and they had overall stability. They operated mainly family and organized types of capitalism. The transformation of the American industry brought mixed feelings to Western Europeans. For example, France feared contagion while Germany decided to become more familiar with the American industrial model, which led to vast quantities of American investments in Germany.
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