1945 was a watershed in the economic history of Europe. It marked the end of the worst of all wars but also the beggining of a quarter century of undprecendented economic and social progress. This paradox is explained by three factors: strong supply-side foundations, at least in western Europe; the Marshall Plan; and the revival of the German economy as foundational pillar of the European division of labour. By contrast, in Eastern Europe, the foundations for recovery were undermined by the war-induced demographic disaster, which limited postwar growth.

Recovery and reconstruction : Europe after the Second World War

Vonyo, Tamas
2020

Abstract

1945 was a watershed in the economic history of Europe. It marked the end of the worst of all wars but also the beggining of a quarter century of undprecendented economic and social progress. This paradox is explained by three factors: strong supply-side foundations, at least in western Europe; the Marshall Plan; and the revival of the German economy as foundational pillar of the European division of labour. By contrast, in Eastern Europe, the foundations for recovery were undermined by the war-induced demographic disaster, which limited postwar growth.
2020
9781912179312
Broadberry, Stephen; Harrison, Mark
The economics of the Second World War : seventy-five years on
Vonyo, Tamas
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4030931
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