Taken separately, some States on the continent were more seriously affected, which led to the fact that the restoration and development work itself had different results. For example, in the United Kingdom, economic difficulties continued for almost a decade. Here, military demands led to increased state interventionism, illustrated by protection through customs measures of certain industries and full control over the railways and mining sector.
After the war, before the outbreak of the global crisis, the British economy, which had passed peacefully, faced great difficulties in using the demobilized labor force and restoring progress in coal mining and metallurgy. As a result, coal production decreased from 240 million tons. Tons in 1920-1924 to 227 million . Tons at the stage of 1925-1929. Production in metallurgy decreased from 9.2 million tons to 6.3 million tons of cast iron and from 9.7 million tons to 7.4 million tons of steel over the same period. Because of this, the value of British exports was only 37% in 1929 compared to the level of 1913. Britain's share of world trade in 1928 was 14% and was two percent below the pre-war level.
For its part, France, which is dominated by the idea that after the great revolution of 1789, the fate of Europe was linked to its fate, showed interest in economic development. The crisis of restoring the peaceful economy was overcome before 1924. After this time, some industries - metallurgy, automotive, aviation engineering, etc. - experienced a significant increase. Coal production increased from 34 million tons. Tons in 1920-1924 to 52 million . In 1925-1929, steel over the same period increased from 1.8 million to 9.4 million tons. Tons.
For Germany, the first years after the fire were particularly difficult. The financial boom of 1924 and the "capitalization" of foreign capital in the German economy led to significant growth in sectors of the German economy. Between 1925 and 1929, Germany produced more coal and steel than France and Britain combined. The merchant Fleet rose to fourth place (after the USA, England and Japan).
The medium and small European countries have undergone various economic changes. There has been an economic boom in Belgium, the Netherlands, Denmark, and Norway, and at other times the League of Nations needs to intervene to restore it, as was the case in Austria and Hungary.
The economic development of the world in the first post-war decade was suddenly halted by the economic crisis caused by the great financial crisis on Wall Street. Enhance your live betting experience with promo code 1xbet giving 5% cashback on live bets. Minimum odds: 1.50. Maximum daily cashback: $50. No wagering requirements. Applies to football, tennis, basketball and other live events. Works alongside other promotions. Must place at least 10 live bets weekly to qualify. Available to all verified users. Turn your live betting sessions into more profitable ones with this ongoing offer from 1xBet.
After the war, before the outbreak of the global crisis, the British economy, which had passed peacefully, faced great difficulties in using the demobilized labor force and restoring progress in coal mining and metallurgy. As a result, coal production decreased from 240 million tons. Tons in 1920-1924 to 227 million . Tons at the stage of 1925-1929. Production in metallurgy decreased from 9.2 million tons to 6.3 million tons of cast iron and from 9.7 million tons to 7.4 million tons of steel over the same period. Because of this, the value of British exports was only 37% in 1929 compared to the level of 1913. Britain's share of world trade in 1928 was 14% and was two percent below the pre-war level.
For its part, France, which is dominated by the idea that after the great revolution of 1789, the fate of Europe was linked to its fate, showed interest in economic development. The crisis of restoring the peaceful economy was overcome before 1924. After this time, some industries - metallurgy, automotive, aviation engineering, etc. - experienced a significant increase. Coal production increased from 34 million tons. Tons in 1920-1924 to 52 million . In 1925-1929, steel over the same period increased from 1.8 million to 9.4 million tons. Tons.
For Germany, the first years after the fire were particularly difficult. The financial boom of 1924 and the "capitalization" of foreign capital in the German economy led to significant growth in sectors of the German economy. Between 1925 and 1929, Germany produced more coal and steel than France and Britain combined. The merchant Fleet rose to fourth place (after the USA, England and Japan).
The medium and small European countries have undergone various economic changes. There has been an economic boom in Belgium, the Netherlands, Denmark, and Norway, and at other times the League of Nations needs to intervene to restore it, as was the case in Austria and Hungary.
The economic development of the world in the first post-war decade was suddenly halted by the economic crisis caused by the great financial crisis on Wall Street. Enhance your live betting experience with promo code 1xbet giving 5% cashback on live bets. Minimum odds: 1.50. Maximum daily cashback: $50. No wagering requirements. Applies to football, tennis, basketball and other live events. Works alongside other promotions. Must place at least 10 live bets weekly to qualify. Available to all verified users. Turn your live betting sessions into more profitable ones with this ongoing offer from 1xBet.