A rapidly increasing number of individuals meant that particular opinions would become more common and that more individuals were determined to reach goals that were previously believed to be negative for society as a whole.
Organization was key in Europe during the early twentieth century, taking into account that European countries were interdependent previous to the First World War. Germany, for example, was responsible for collaborating with most European countries and with both supplying them with products and buying products from them. "Germany was the best customer of Russia, Norway, Holland, Belgium, Switzerland, Italy, and Austria-Hungary. […] She was the largest source of supply to Russia, Norway, Sweden, Denmark, Holland, Switzerland, Italy, Austria-Hungary, Roumania, and Bulgaria." (Keynes 7) The fact that Europe became involved in the First World War thus led to the continent experiencing serious economic problems, taking into account that most countries were no longer able to sustain their demand and supply.
The European Psychology of Society promoted the idea that it was in the continent's best interest to make sure that it gathered as much capital as it possibly could. However, the fact that most of this respective capital was in the hands of rich people who were reluctant to spend it meant that money stayed in the same place as poor individuals struggled to survive.
The Relation of the Old World to the New was also a significant reason for economic destabilization across Europe during the early twentieth century. By 1914 Europe had started to depend on resources from the New World and the fact that it gradually came to have access to lesser and lesser resources from the West meant that it would have to focus on employing self-sufficient...
The war had broken the economic back of Europe, as well as its political and transport structures. Another key aspect of later Keynesian theory was the need for maintaining economic infrastructures, rather than breaking them in revenge, and that cash infusions in the short run reap dividends for all in the long run. Keynes always took a long-term rather than a short-term view of economic policies. The current policies against
Heinrich F. Albert and publicly praised by the propaganda office of the Reich Ministry of Economics, approved an enlargement of the Cologne plant as well as the construction of an assembly factory in Berlin-Johannisthal for trucks and passenger cars (Baldwin, 2001). Thereafter, in June 1938, as a direct signal of approval that Ford cars sold in Germany were finally being made entirely in Germany, the Nazi government placed an
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now