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Author Topic: The World Economy Between the Wars  (Read 1482 times)
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« on: December 18, 2009, 05:16:09 pm »


A dry read but it blows up certain stereotypes that people have about this subject. For example

: Net capital inflows to Germany during the 1920s exceeded by several times German reparations payments under the Dawes Plan.

: The German downturn began independently of the withdrawal of Americans loans during the stock market bubble of 1928-29. It's not clear however, the book says American loan volume peaked in mid 1928, but interest rates did not start rising until mid 1929; however it also claims the German downturn began before American loans dried up.

: Europe actually grew slightly faster than America in 1920-39.

: Right wing newspapers supported devaluation from gold in France in the mid 1930s, while the socialists and communists were against it.

A New Chapter

"I feel like Paulette Revere the recession is coming, the recession is coming! - Hillary Clinton, April 3, 2008
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