This text provides an up-to-date economic history of Europe in the inter-war period. Placing the great depression of 1929-33 and the associated financial crisis at the centre of the narrative, it presents them as both the culmination of the economic consequences of World War I, the post-war peace treaties, and the policies and practices of the 1920s, and as a powerful influence on the subsequent economic history of the 1930s. In describing and explaining these developments, the authors show that errors in international economic policy were a principal cause of the deep crisis and the partial recovery. The main focus is on the overall theme, and this is illustrated at every point by a discussion of similarities and contrasts in the economic history and policies of individual countries, large and small.
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Professor Charles Feinstein is Chichele Professor of Economic History at All Souls College, Oxford.
Professor Peter Temin is Professor of Economics, MIT, Cambridge, Massachusetts, USA.
Professor Gianni Toniolo is Professor of Economics, University of Venice, Italy.
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