Jump to ContentJump to Main Navigation
Greece and the Inter-War Economic Crisis$
Users without a subscription are not able to see the full content.

Mark Mazower

Print publication date: 1991

Print ISBN-13: 9780198202059

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198202059.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2019

The Trade Slump

The Trade Slump

Chapter:
(p.114) (p.115) 5 The Trade Slump
Source:
Greece and the Inter-War Economic Crisis
Author(s):

MARK MAZOWER

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198202059.003.0005

The period of export growth in Greece which had begun with the tobacco boom in the early 1920s ended in 1929. Two commodities — tobacco and currants — accounted for 60–70% of total exports, and the country's balance of trade was heavily affected by their performance. After 1929 neither fared well and export earnings declined until 1933. The most striking collapse was in tobacco sales as German merchants, hit by the onset of the slump there, ran down their stocks and reduced purchases. Between 1929 and 1932 drachma earnings from tobacco exports were halved. Since tobacco was not just the single most important source of Greek export and tax revenues, but was also of vital political importance — with northern Greece a key area of Venizelist support — this chapter looks in some detail at how the export crisis hit the tobacco economy, and how it affected the various groups involved-the state, growers, merchants, and workers.

Keywords:   Greece, economic crisis, tobacco industry, political economy, tobacco exports, export crisis

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .