The Great Upheaval (1914–15)

Michel Beaud

Chapter 5 in A History of Capitalism 1500–1980, 1981, pp 145-184 from Palgrave Macmillan

Abstract: Abstract Carried away by the logic of accumulation and enlarged production, national capitalisms searched throughout the world for space in which to expand, confronting one another with increasing severity. National reactions became sharper, and with the spirit of conquest and revenge, nationalist feelings became more pronounced. The world war resolved nothing, very much to the contrary. The need for expansion on a world scale endured, although the previously existing system of international payments had been destroyed. And during the 1920s this world which had been split apart experienced the coexistence of both prosperity and crisis, and after 1929 was dragged into a new huge crisis and then another huge war.

Keywords: Foreign Investment; Real Wage; Wage Earner; Unemployed Worker; Wholesale Prex (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17336-5_6

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DOI: 10.1007/978-1-349-17336-5_6

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