An Introduction to World Economic History since the Great War

An Introduction to World Economic History since the Great War

An Introduction to World Economic History since the Great War

An Introduction to World Economic History since the Great War

Excerpt

We are now reaching a generation of students who were not born when the Armistice of 1918 was signed. They find themselves living in a world whose economic conditions are generally represented to them by their elders as upset and abnormal, but have had no personal experience either of what was upset or of the upsetting. This book is an attempt to give such students, in the briefest possible form, some explanation of the economic damage caused by the Great War and of the subsequent progress towards recovery. The success of such an attempt depends on a wise selection and a correct emphasis, but in dealing with so large a field and with phenomena so intricate, so recent, and so interwoven, no author can feel much confidence in his own judgment. If the presentation was to be of any real help to the young student of to-day, I felt that some structural coherence had to be given to the narrative, some set of clues to the underlying drift of events. Since economic history must always be an account of efforts to use available resources in the most advantageous way possible to satisfy the material needs of mankind, it seemed to me permissible to take the legacy of economic maladjustment and the efforts -- mistaken or beneficient -- to correct it . . .

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