Abstract
ECONOMIC progress was rapid between 1925 and 1929, as illustrated by the League of Nations World Index for Manufacturing Industry, which rose eighteen points during this period; the figures for Europe (excluding the USSR) and North America show rises of nineteen and twelve points respectively [LN World Production and Prices 1935/6]. The boom was not a period of uninterrupted national growth, but recessions, such as those experienced by Britain and Germany in 1926 and by the United States in 1927, were shortlived. During this period international trade expanded even faster than production, and the output of raw materials increased substantially.
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© 1979 The Economic History Society
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Fearon, P. (1979). Economic Expansion 1925–9. In: The Origins and Nature of the Great Slump 1929–1932. Studies in Economic and Social History. Palgrave, London. https://doi.org/10.1007/978-1-349-03036-1_3
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DOI: https://doi.org/10.1007/978-1-349-03036-1_3
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-03038-5
Online ISBN: 978-1-349-03036-1
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