Managerial Concerns for Exiting the Economic Crisis of 1929-1933 in Jiu Valley Coal Mining

Mircea Baron () and Oana Dobre-Baron
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Mircea Baron: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2018, vol. 18, issue 1, 15-24

Abstract: We are attempting in this study to present a part of existing preoccupations in the Jiu Valley so that present coal mining can efficiently respond to the economic crisis of 1929-1933. We are observing, from a management point of view, the application of the principles of “rationalization”, many of the taken measures being dictated by the more or less subjective capacity of Romanian society to absorb the basic production of mines, coal and the necessity of dealing with the income-expenditure ratio, without which the largest part of production capabilities could not maintain its activity. “Rationalization” has entailed an intellectual and material effort and has consequently created a modern technical basis and, implicitly, the continuation of mining activity in this region and the establishment of the Jiu Valley as the most important carbon basin of Romania until the 1990s.

Keywords: Jiu Valley; coal mining; mining companies; economic crisis; rationalization (search for similar items in EconPapers)
JEL-codes: L72 N54 (search for similar items in EconPapers)
Date: 2018
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