Economic
ECONOMIC HISTORY
Only study guide for ECS2608
J. Inggs
Department of Economics University of South Africa Pretoria
© 2012 University of South Africa
All rights reserved Printed and published by the University of South Africa Muckleneuk, Pretoria Page-layout by the Department ECS2608/1/2012-2014
iii
ECS2608/1/12-14
Contents
ECONOMIC HISTORY OF THE WORLD
Important topics and specific national examples between the two World Wars
Chapter
Page
1 HOW THE STUDY GUIDE WORKS...................................................................................... 1 2 WORLD WAR I AND THE INTERNATIONAL ECONOMY ............................................... 3 2.1 Introduction ....................................................................................................................... 3 2.2 Britain’s relative decline is speeded up ............................................................................. 4 2.3 Causes of World War I ...................................................................................................... 5 2.4 The war to end all wars, 1914-1918 .................................................................................. 7 2.5 World War I stimulates industrialisation outside Europe................................................ 11 2.6 The peace settlement sows the seeds for World War II .................................................. 12 2.7 Postwar relief................................................................................................................... 14 2.8 Postwar replacement boom, 1919-1920 .......................................................................... 15 3 INFLATION, 1914-1924......................................................................................................... 18 3.1 Inflation during World War I .......................................................................................... 19 3.2 Chaos in Central and Eastern Europe
Only study guide for ECS2608
J. Inggs
Department of Economics University of South Africa Pretoria
© 2012 University of South Africa
All rights reserved Printed and published by the University of South Africa Muckleneuk, Pretoria Page-layout by the Department ECS2608/1/2012-2014
iii
ECS2608/1/12-14
Contents
ECONOMIC HISTORY OF THE WORLD
Important topics and specific national examples between the two World Wars
Chapter
Page
1 HOW THE STUDY GUIDE WORKS...................................................................................... 1 2 WORLD WAR I AND THE INTERNATIONAL ECONOMY ............................................... 3 2.1 Introduction ....................................................................................................................... 3 2.2 Britain’s relative decline is speeded up ............................................................................. 4 2.3 Causes of World War I ...................................................................................................... 5 2.4 The war to end all wars, 1914-1918 .................................................................................. 7 2.5 World War I stimulates industrialisation outside Europe................................................ 11 2.6 The peace settlement sows the seeds for World War II .................................................. 12 2.7 Postwar relief................................................................................................................... 14 2.8 Postwar replacement boom, 1919-1920 .......................................................................... 15 3 INFLATION, 1914-1924......................................................................................................... 18 3.1 Inflation during World War I .......................................................................................... 19 3.2 Chaos in Central and Eastern Europe