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Title: The World Economy Between the Wars Post by: Beet on December 18, 2009, 05:16:09 PM http://www.amazon.com/World-Economy-between-Wars/dp/0195307550
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. |