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Patricia Clavin offers a comparative study of the origins, course and consequences of the deepest economic crisis in modern European history. Written with the non-economist in mind, the book examines recent ideas on the cause of the Great Depression.
Patricia Clavin offers a comparative study of the origins, course and consequences of the deepest economic crisis in modern European history. Written with the non-economist in mind, the book examines recent ideas on the cause of the Great Depression.
"The Great Depression in Europe, 1929-1939 is a concise, analytical study of the worst economic crisis of the modern world. It is the only available study to focus exclusively on Europe, where its impact was enormous: unemployment was rampant as industrial production fell by 40 per cent, primary prices dropped by 30 per cent, and some of the most respected banks teetered on the brink of collapse. The economic depression also had profound consequences for domestic politics and international relations. It triggered mass support for fascist and communist parties, and divided the world into competing economic blocs that helped to pave the road to war in 1939. Written with the non-economist in mind, the book focuses on four central questions: What were the origins of the depression? Why was it so severe? How far, and in what ways, did the European economy recover? And what were the implications of that recovery for political relations in, and between, nations? The book examines recent research into the causes of the depression, notably the role of the gold standard 'system'. It gives equal weight to the political and historical context of economic policy - political attitudes, institutional opinions, strategic considerations, the 'legacies and lessons' of history - to explain the magnitude of the crisis. International cooperation offered the best chance for recovery. Using a wide range of archival sources, the book also contains a lively account of why this failed and its consequences for international relations in the 1930s."--Jacket.
"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith
Dietmar Rothermund broadens the conventional focus of the great depression to include its impact on the countries of Africa, Asia and Latin America. He explains key areas, such as Keynesian theory and the role of the international gold standard.
“The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far.”—John Kenneth Galbraith
This study broadens the conventional focus of the Great Depression to include its impact on the countries of Africa, Asia and Latin America. It covers the economic background and causes, from the international gold standard to agricultural over-production in the US. Other areas discussed include: the impact on the peasantry in developing countries; the political consequences, such as fascism in Europe; and the aftermath and the re-alignment of America, Europe and its colonies. Key areas, such as Keynesian theory, are explained in accessible terms.
This 1988 book focusses on why the American economy failed to recover from the downturn of 1929-33.
The Great Crash of 1929 profoundly disrupted the United States' confident march toward becoming the world's superpower. The breakneck growth of 1920s America -- with its boom in automobiles, electricity, credit lines, radio, and movies -- certainly presaged a serious recession by the decade's end, but not a depression. The totality of the collapse shocked the nation, and its duration scarred generations to come. In this lucid and fast-paced account of the cataclysm, award-winning writer Charles R. Morris pulls together the intricate threads of policy, ideology, international hatreds, and sheer individual cantankerousness that finally pushed the world economy over the brink and into a depression. While Morris anchors his narrative in the United States, he also fully investigates the poisonous political atmosphere of postwar Europe to reveal how treacherous the environment of the global economy was. It took heroic financial mismanagement, a glut-induced global collapse in agricultural prices, and a self-inflicted crash in world trade to cause the Great Depression. Deeply researched and vividly told, A Rabble of Dead Money anatomizes history's greatest economic catastrophe -- while noting the uncanny echoes for the present.
The period spanning the two World Wars was unquestionably the most catastrophic in Europe's history. Despite such undeniably progressive developments as the radical expansion of women's suffrage and rising health standards, the era was dominated by political violence and chronic instability. Its symbols were Verdun, Guernica, and Auschwitz. By the end of this dark period, tens of millions of Europeans had been killed and more still had been displaced and permanently traumatized. If the nineteenth century gave Europeans cause to regard the future with a sense of optimism, the early twentieth century had them anticipating the destruction of civilization. The fact that so many revolutions, regime changes, dictatorships, mass killings, and civil wars took place within such a compressed time frame suggests that Europe experienced a general crisis. The Oxford Handbook of European History, 1914-1945 reconsiders the most significant features of this calamitous age from a transnational perspective. It demonstrates the degree to which national experiences were intertwined with those of other nations, and how each crisis was implicated in wider regional, continental, and global developments. Readers will find innovative and stimulating chapters on various political, social, and economic subjects by some of the leading scholars working on modern European history today.