A Child of the Interwar Period

2021 ◽  
pp. 1-38
Author(s):  
Ivo Maes
Keyword(s):  
World War I ◽  
Interwar Period ◽  
Monopolistic Competition ◽  
Academic Career ◽  
Early Period ◽  
World War ◽  
General Equilibrium Theory ◽  
Doctoral Studies ◽  
The Great Depression ◽  
Belgian Franc

Robert Triffin was born in 1911 in Flobecq, Belgium. It was a turbulent period. At the age of 24, the young Triffin had already lived through World War I, monetary and financial turmoil after the war, the Great Depression, the 1935 Belgian franc devaluation, and the rise of fascism. In this chapter, the early period of Triffin’s life is discussed. It focuses on his undergraduate studies at Louvain University, his doctoral studies at Harvard, and his early academic career. During these years, like many people of his generation, Triffin became a profound pacifist. Moreover, as an economist, he became convinced that the market economy was fundamentally unstable. Special attention is paid to his two major publications during these years: an article on the 1935 devaluation of the Belgian franc (Triffin made the calculations) and his PhD on monopolistic competition and general equilibrium theory.

scholarly journals The Monetary Crisis and Foundation for Reserve Bank of India (1890-1935)

2020 ◽  
Author(s):  
M. Balaji
Keyword(s):  
World War I ◽  
Interwar Period ◽  
Banking System ◽  
Economic Interest ◽  
Stabilization Policy ◽  
British India ◽  
World War ◽  
Reserve Bank ◽  
The World ◽  
Reserve Bank Of India

The monetary policy of British India was highly controversial during the interwar period as it aimed to protect the budgetary obligations and private commerce. The currency stabilization policy was seen as a tool to protect the British economic interest while they ruled India. The currency came under serious pressure during the World War I and Great depression, the facets of Indian currency’s dependence was exposed through the modified council bill system and Gold exchange standard. The much-needed currency reforms and banking system were conceded by the colonial administration after much wrangling for half a century.

scholarly journals The high unemployment rate in Britain during the interwar period

2021 ◽  
Vol 123 ◽  
pp. 01027
Author(s):  
Yifei Liu
Keyword(s):  
Economic Policy ◽  
World War Ii ◽  
World War I ◽  
Interwar Period ◽  
Unemployment Rate ◽  
World War ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
The Relationship ◽  
Unemployment Problem

World War I (WWI) causes irreversible consequences on the British economy, and Britain has experienced the most severe economic crisis in the 1920s. This paper aims to explain the causes of unemployment in Britain in the years between the wars and why that problem persisted for much of that period. This paper will describe the causes of unemployment by analyzing how World War I affected the British exports market. Then this essay will move on by exploring how the economic policy of Britain after World War II(WWII) damages the exports market and creates high unemployment. In addition, this paper will also discuss the relationship between the change in the labour market in World War I and the unemployment problem. Finally, this paper will illustrate why the unemployment problem persists by exploring regional and industrial unemployment issues.

War and the Next Lesson

Money ◽  
2017 ◽  
Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith
Keyword(s):  
United States ◽  
Monetary Policy ◽  
World War Ii ◽  
Fiscal Policy ◽  
World War I ◽  
Great Depression ◽  
The United States ◽  
World War ◽  
John Maynard Keynes ◽  
The Great Depression

This chapter examines the lessons of World War II with respect to money and monetary policy. World War I exposed the fragility of the monetary structure that had gold as its foundation, the great boom of the 1920s showed how futile monetary policy was as an instrument of restraint, and the Great Depression highlighted the ineffectuality of monetary policy for rescuing the country from a slump—for breaking out of the underemployment equilibrium once this had been fully and firmly established. On the part of John Maynard Keynes, the lesson was that only fiscal policy ensured not just that money was available to be borrowed but that it would be borrowed and would be spent. The chapter considers the experiences of Britain, Germany, and the United States with a lesson of World War II: that general measures for restraining demand do not prevent inflation in an economy that is operating at or near capacity.

Indicators of Nazi Germany’s Intentions and the Coming of World War I, 1934–39

2014 ◽  
Author(s):  
Keren Yarhi-Milo
Keyword(s):  
World War I ◽  
Selective Attention ◽  
Interwar Period ◽  
Military Doctrine ◽  
World War ◽  
Adolf Hitler ◽  
And Behavior

This chapter focuses on British assessments of Nazi Germany’s intentions during the interwar period (1934–1939). It outlines the predictions generated by each of the four explanations about perceived intentions and examines changes in German military capabilities, doctrine, and actions during this period. The chapter first considers the hypothetical arguments of the selective attention thesis and highlights its predictions for this case, focusing on the vividness hypothesis, the subjective credibility hypothesis, and the organizational expertise hypothesis. It then derives predictions for each of the competing theses, namely: capabilities thesis, strategic military doctrine thesis, and behavior thesis. The findings suggest that Britain’s perceptions of Germany from 1934 to 1939 were shaped by costly actions that had been undertaken by the latter well before Adolf Hitler rose to power in January 1933.

Higher Than Sight Can Reach

2021 ◽  
pp. 184-207
Author(s):  
Benjamin Hoy
Keyword(s):  
World War I ◽  
Indigenous People ◽  
Great Depression ◽  
Immigration Law ◽  
World War ◽  
Popular Resistance ◽  
Indigenous Resistance ◽  
Immigration Laws ◽  
The Great Depression ◽  
Jay Treaty

Chapter 9 follows the Canada–US border’s development from 1900 until the 1930s. It surveys the Alaska Boundary Survey, World War I, Prohibition, the Great Depression, and Indigenous resistance to new immigration laws. In the 1920s, the Indian Citizenship Act and National Origins Act extended federal immigration law over Indigenous people, resulting in resistance. Deskaheh (Levi General) gave speeches in Europe to garner support for the Haudenosaunee rights to self-governance. Clinton Rickard helped found the Indian Defense League of America to increase pan-Indigenous resistance to federal policy. Paul Diabo’s legal challenge to the Immigration Service’s interpretation of the Jay Treaty helped entrench Indigenous mobility as a fundamental part of the Canada–US border. As battles over citizenship and prohibition attested, increases in federal personnel did not give either country the ability to ignore popular resistance.

Quest for Jobs and Housing

2020 ◽  
pp. 9-40
Author(s):  
Joe William Trotter
Keyword(s):  
New York ◽  
World War I ◽  
Social Services ◽  
Black Families ◽  
Economic Downturn ◽  
World War ◽  
Deep Roots ◽  
The Core ◽  
The Great Depression ◽  
National Headquarters

The fight for much needed social services for Pittsburgh's poor and working-class black families had deep roots in the prewar years. But this struggle intensified during and after World War I with the formation and development of the Urban League of Pittsburgh (ULP). Following the lead of national headquarters in New York City, the Steel City's small “ban of reformers” placed the provision of migration, work, housing, and health services at the core of its mission to Pittsburgh and western Pennsylvania. After a brief moment of extraordinary success, the agency's programs dissipated during the economic downturn after the war but rebounded before the onset of the Great Depression.

The Unraveling

2021 ◽  
pp. 69-90
Author(s):  
David Bosco
Keyword(s):  
United States ◽  
World War I ◽  
20Th Century ◽  
Interwar Period ◽  
The United States ◽  
The Arctic ◽  
World War ◽  
Labor Regulations ◽  
Naval Power ◽  
The World

The world wars of the 20th century saw the collapse of pre-war rules designed to protect merchant shipping from interference. In both wars, combatants engaged in unrestricted submarine warfare and imposed vast ocean exclusion zones, leading to unprecedented interference with ocean commerce. After World War I, the United States began to supplant Britain as the leading naval power, and it feuded with Britain over maritime rights. Other developments in the interwar period included significant state-sponsored ocean research, including activity by Germany in the Atlantic and the Soviets in the Arctic. Maritime commerce was buffeted by the shocks of the world wars. Eager to trim costs, US shipping companies experimented with “flags of convenience” to avoid new national safety and labor regulations. The question of the breadth of the territorial sea remained unresolved, as governments bickered about the appropriate outer limit of sovereign control.

How Hegemonic Orders Unravel

2020 ◽  
pp. 54-79
Author(s):  
Alexander Cooley ◽  
Daniel Nexon
Keyword(s):  
World War I ◽  
Interwar Period ◽  
International Order ◽  
Great Power ◽  
Soviet System ◽  
World War ◽  
System P ◽  
The Relationship ◽  
Power Transitions

This chapter identifies three drivers of hegemonic unraveling and transformation in international orders: great-power contestation and alternative order building; how the dominant power’s loss of its “patronage monopoly” enhances the bargaining leverage of weaker states; and the rise of counter-order movements, especially transnational ones, that weaken support for existing international arrangements—sometimes within the leading power itself. Because analysts tend to focus their attention on the relationship between power transitions and great-power wars, they have only recently begun to appreciate the significance of these three processes. This chapter shows that these challenges—from above, below, and within—played a key role in past power transitions and transformations in international order, including the decline of Spanish hegemony, challenges to British hegemony before World War I, the rise of fascism and Bolshevism during the interwar period, decolonization, and the collapse of the Soviet system.

Kurt Aterman, MUDR, MB, BCh BAO HONS, DCH, MRCP, PhD, DSc, FRCPath: “A Small Man With a Very Large Cerebrum and a Soul to Match”

2020 ◽  
Vol 23 (5) ◽  
pp. 337-344 ◽  
Author(s):  
James R Wright
Keyword(s):  
Northern Ireland ◽  
World War I ◽  
Interwar Period ◽  
Medical Training ◽  
World War ◽  
Pediatric Pathology ◽  
European Languages ◽  
Historical Times ◽  
Medical Historian ◽  
Pathology Training

Kurt Aterman was raised in the Czech-Polish portions of the former Austro-Hungarian Empire during World War I and the interwar period. After completing medical school and beginning postgraduate pediatrics training in Prague, this Jewish Czech physician fled to England as a refugee when the Nazis occupied his homeland in 1939. He repeated/completed medical training in Northern Ireland and London, working briefly as a pediatrician. Next, he served in the Royal Army Medical Corp in India, working as a pathologist. After the war and additional pathology training, he spent the next decade as an experimental pathologist in Birmingham, England. After completing a fellowship with Edith Potter in Chicago, Aterman spent the next 2 decades as a pediatric-perinatal pathologist, primarily working in Halifax, Canada. Fluent in many European languages, he finished his career as a medical historian. Aterman published extensively in all 3 arenas; many of his pediatric pathology papers were massive encyclopedic review articles, accurately recounting ideas from historical times. Aterman was a classical European scholar and his papers reflected this. Aterman was one of the founding members of the Pediatric Pathology Club, the predecessor of the Society for Pediatric Pathology. This highly successful refugee’s writings are important and memorable.

Manufacturing Productivity Growth in American Economic History

2018 ◽  
pp. 212-234 ◽  
Author(s):  
Alexander J. Field
Keyword(s):  
World War I ◽  
Productivity Growth ◽  
Economic History ◽  
Manufacturing Sector ◽  
The United States ◽  
First Century ◽  
World War ◽  
The Great Depression ◽  
Manufacturing Productivity ◽  
Eighteenth And Nineteenth Centuries

This chapter provides an overview of labor and total factor productivity growth in the manufacturing sector in the United States from colonial times to the present. An introductory section defines concept and terms. This is followed by an historical survey of improvement in the eighteenth and nineteenth centuries, and sections on the manufacturing revolution of the 1920s and the sector’s contribution during the Great Depression. The remainder of the chapter provides a quantitative perspective on manufacturing productivity growth and its contribution to the overall economy from the end of World War I through the first decade of the twenty-first century.

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