The Global Great Depression and the Coming of World War II demonstrates the ways in which the economic crisis of the late 1920s and early 1930s helped to cause and shape the course of the Second World War. Historian John E. Moser points to the essential uniformity in the way in which the world s industrialized and industrializing nations responded to the challenge of the Depression. Among these nations, there was a move away from legislative deliberation and toward executive authority; away from free trade and toward the creation of regional trading blocs; away from the international gold standard and toward managed national currencies; away from chaotic individual liberty and toward rational regimentation; in other words, away from classical liberalism and toward some combination of corporatism, nationalism, and militarism.For all the similarities, however, there was still a great divide between two different general approaches to the economic crisis. Those countries that enjoyed easy, unchallenged access to resources and markets the United States, Great Britain, the Soviet Union, and France tended to turn inward, erecting tariff walls and promoting domestic recovery at the expense of the international order. On the other hand, those nations that lacked such access Germany and Japan sought to take the necessary resources and markets by force. The interplay of these powers, then, constituted the dynamic of international relations of the 1930s: have-nots attempting to achieve self-sufficiency through aggressive means, challenging haves that were too distrustful of one another, and too preoccupied with their own domestic affairs, to work cooperatively in an effort to stop them.

This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.

A narrative history, cinematic in scope, of a process that was taking shape in the winter of 1933 as domestic passions around the world colluded to drive governments towards a war few of them wanted and none of them could control. All Against All is the story of the season our world changed from postwar to prewar again. It is a book about the power of bad ideas—exploring why, during a single winter, between November 1932 and April 1933, so much went so wrong. Historian Paul Jankowski reveals that it was collective mentalities and popular beliefs that drove this crucial period that sent nations on the path to war, as much as any rational calculus called “national interest.” Over these six months, collective delusions filled the air. Whether in liberal or authoritarian regimes, mass participation and the crowd mentality ascended. Hitler came to power; Japan invaded Jehol and left the League of Nations; Mussolini looked towards Africa; Roosevelt was elected; France changed governments three times; and the victors of 1918 fell out acrimoniously over war debts, arms, currency, tariffs, and Germany. New hopes flickered but not for long: a world economic conference was planned, only to collapse when the US went its own way. All Against All reconstructs a series of seemingly disparate happenings whose connections can only be appraised in retrospect. As he weaves together the stories of the influences that conspired to lead the world to war, Jankowski offers a cautionary tale relevant for western democracies today. The rising threat from dictatorial regimes and the ideological challenge presented by communism and fascism gave the 1930s a unique face, just as global environmental and demographic crises are coloring our own. While we do not know for certain where these crises will take us, we do know that those of the 1930s culminated in the Second World War.

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

The Global Great Depression and the Coming of World War II demonstrates the ways in which the economic crisis of the late 1920s and early 1930s helped to cause and shape the course of the Second World War. Historian John E. Moser points to the essential uniformity in the way in which the world s industrialized and industrializing nations responded to the challenge of the Depression. Among these nations, there was a move away from legislative deliberation and toward executive authority; away from free trade and toward the creation of regional trading blocs; away from the international gold standard and toward managed national currencies; away from chaotic individual liberty and toward rational regimentation; in other words, away from classical liberalism and toward some combination of corporatism, nationalism, and militarism.For all the similarities, however, there was still a great divide between two different general approaches to the economic crisis. Those countries that enjoyed easy, unchallenged access to resources and markets the United States, Great Britain, the Soviet Union, and France tended to turn inward, erecting tariff walls and promoting domestic recovery at the expense of the international order. On the other hand, those nations that lacked such access Germany and Japan sought to take the necessary resources and markets by force. The interplay of these powers, then, constituted the dynamic of international relations of the 1930s: have-nots attempting to achieve self-sufficiency through aggressive means, challenging haves that were too distrustful of one another, and too preoccupied with their own domestic affairs, to work cooperatively in an effort to stop them.

The Great Depression forced the United States to adopt policies at odds with its political traditions. This title looks at the background to the Depression, its social impact, and at the various governmental attempts to deal with the crisis.

"The World in Depression is the best book on the subject, and the subject, in turn, is the economically decisive decade of the century so far."--John Kenneth Galbraith

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The meltdown of financial markets was the result of institutionalized fraud and financial manipulation. The economic crisis is accompanied by a worldwide process of militarization, a "war without borders" led by the U.S. and its NATO allies. This book takes the reader through the corridors of the Federal Reserve, into the plush corporate boardrooms on Wall Street where far-reaching financial transactions are routinely undertaken. Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people's lives.

A comprehensive review of World War II that offers a global-level analysis Written for academics and students of history, World War II in Global Perspective, 1931-1953 presents a dynamic and global account of the historical events prior to, during, and after World War II. The author—a noted expert on the topic—explores the main theaters of the war and discusses the connections between them. He also examines the impact of the war on areas of the world that are often neglected in historical accounts, including Latin America, sub-Saharan Africa, and the so-called ‘neutral’ countries. This comprehensive text clearly shows how in the struggle against the Axis powers, the United States replaced Britain as the global superpower. The author discusses the Japanese invasion of Manchuria in 1931 and the Korean War (1950-1953) and argues that the core years of the war (1939-1945) cannot be understood without considering the turbulent events that framed them. The text puts World War II in context as a series of large regional conflicts that intersected and overlapped, finally emerging as a genuine “world war” with the formal entry of the United States in late 1941. This vital text: Offers a comprehensive review of World War II that frames it in a global context Gives weight to the economic and political developments of the war Provides a robust account of the main military campaigns Contains illustrations and maps that themselves highlight little-known aspects of the global war