Abstract
The last several decades have each been broadly characterized by one or two central economic questions. In the 1920's the central problem was international capital transfers, or reparations and war debts; in the 1930's, the international spread of unemployment and destabilizing speculation; in the late 1940's, after the war, reconstruction; in the 1950's, defense economics and growth.Not only can we identify them; it is on the whole fair to say that the central problems of the 1920's, 1930's, and 1940's have been solved. International capital transfer is accomplished by preventing war debts from accumulating, paying limited reparations in kind, and furnishing the capital needed for reconstruction, and in part for economic growth, as grants or on liberal loan terms.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
