The Great Deprresion if the Inter war Period essays

The Great Deprresion if the Inter war Period essays The Great Depression of the Inter-war years (1929-1933) was the most profound shock ever to strike the world economy. Economists all around the world were looking for answers why and for how long the Depression will go on, they began to ask themselves questions about the capitalism was it the right choice of the economic and political system, which enhance the wealth of the nation, and promote technological progress or Karl Marx was right about the self- destruction element of the capitalism. It is easier for us make conclusions on what happened and why because we can look at event from retrospective analysis of that period of time. To outline the origins of the Great Slump we have to examine the situation in the world economical and political, which was established after the World War I. There was a post war boom ,in the countries whose economies were not disrupted by revolutions and civil war ,and future somehow even looked promising but huge overspending during the war brought inflation and unemployment all over Europe .Anglo-Saxon world tried to keep situation under control by sound finance and the gold standard ,and as Hobsbawm mentions in his book ,they partly succeeded in doing this between 1922 and1926.From Germany , Austria to Soviet Russia, thing were much worse , they went through hyper inflation ,their money value was reduced to basically zero, People lost there savings and this created complete vacuum for of working capital for business. But worse is only to happen. During the Inter-war years the globalization of the economy had stopped advancing; the integration of the world economy stagnated and regressed. We can see that if we compare the figures through mass migration, world trade and international capital flows. In the last fifteen years before 1914 almost 15 millions had landed in the USA. In he next fifteen years the flow shrunk to 5.5 millions; in the 1930s and the war years it came to ...