Continuity and Changes in the Economic Policy of the Bulgarian State during the Great Depression 1929–1934

Marco Dimitrov ()
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Marco Dimitrov: University of National and World Economy Sofia, Bulgaria

Proceedings of the Centre for Economic History Research, 2020, vol. 5, 228-245

Abstract: The predominant opinion in Bulgarian historiography on the consequences of the 19th of May 1934 coup d’etat is that there was a significant change in the nature, directions and content of politico-economic life in Bulgaria. This dramatic change is considered a result of the new governmental policies. To some extent, this is correct statement for certain aspects of Bulgaria's development during the second half of the 1930s, and until 1944. However, there are areas of public life in which there is clear continuity between the pre-coup anti-crisis policy of the Popular Block (Naroden blok) and that of the post-coup government led by Kimon Georgiev. Among areas of continuity is the economic policy aimed to overcome the negative effects of the Great Depression on Bulgarian economy. The problem of continuity in economic policy of Bulgaria during the 1930s has not been developed so far in Bulgarian historiography. This article aims to reveal the existence of continuity between the governments that ruled the country during the Great Depression and, to raise the general issue of continuity during the Third Bulgarian State.

Keywords: The Great Depression in Bulgaria; economic policy; economic history of Bulgaria; Bulgaria in the 30s of the 20th century (search for similar items in EconPapers)
JEL-codes: N10 N24 N44 N84 N94 (search for similar items in EconPapers)
Date: 2020
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