The Integration of the European Economy by 1913

Lee Craig () and Douglas Fisher
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Douglas Fisher: North Carolina State University

Chapter 10 in The Integration of the European Economy, 1850–1913, 1997, pp 272-286 from Palgrave Macmillan

Abstract: Abstract At the outset of this study, we argued that, by 1913, Europe was so integrated in most important aspects of its economic life that it could be referred to as the major part of an international economy dealing in agricultural and manufacturing products, and experience movements of substantial capital and labour across borders. We used the term ‘global economy’ in this context, even though there is more to that concept than could possibly have applied to Europe at the end of the nineteenth century and the beginning of the twentieth, but we believe we have established that the modern European economy was largely in place by 1913, and that the later arrivals on the scene essentially attached themselves to the existing economic structure in ways dictated by their resources, energies and place in time. We shall now draw the threads of our study together around this theme, with respect to both the theoretical and empirical material that we have presented.

Keywords: Interest Rate; Business Cycle; Central Bank; European Economy; Integrate Economy (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25165-0_10

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DOI: 10.1007/978-1-349-25165-0_10

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