The 1920s: Sources of Instability

  • Peter Fearon
Part of the Studies in Economic and Social History book series (SESH)


THE aim of this chapter is to expose economic weaknesses, operating at the domestic or international level, which can help explain not just why the world was plunged into depression in 1929 but why the slump assumed the characteristics it did. The most convenient starting point for such an investigation is the first major economic shock of the twentieth century, World War I.


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Copyright information

© The Economic History Society 1979

Authors and Affiliations

  • Peter Fearon
    • 1
  1. 1.University of LeicesterUK

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