Themes in Macroeconomic History: The UK Economy 19191939: The UK Economy 1919-1939

The period between the two World Wars was remarkable; mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of world trade, poor growth prospects and high business cycle volatility. This comprehensive textbook surveys key questions arising from the British economy from 1919 to 1939: Why was unemployment so high? Did a fast transition to the pre-1913 gold parity lead to a low growth equilibrium? Why were interwar business cycles so volatile? Did tariffs stimulate economic recovery in the 1930s? A comparative approach is adopted throughout. For example, the question of gold parity is contrasted with countries that allowed their currencies to depreciate. The book is aimed primarily at students studying economic history. The book continually applies economic theory to historical examples enabling students to evaluate the relevance of competing theoretical frameworks. Characterized by mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of the world trade, and poor long-term growth prospects, the interwar period was, by any standards, a remarkable one. This textbook provides a survey of the key macroeconomic questions that arose from the experience of the British economy from 1919 to 1939. A comparative approach is adopted throughout, placing the UK experience in the context of the world economy. The book continually applies economic theory to historical examples. The interwar period was characterised by remarkable economic circumstances. This book surveys the key macroeconomic questions that arise from the British economy 1919 to 1939. The UK experience is seen in the context of the world economy. The book continually applies economic theory to historical examples.

Surveys the key macroeconomic questions that arise from the British economy 1919 to
1939.

Solomos Solomou. Includes Bibliographical References And Indexes.