Questions and Answers
What were the consequences of World War I on the international economic system?
Distortions in production and trade, workers and soldiers’ claims, poor functioning of the international payments system, and protectionism.
What characterized the international economic system before World War I?
Political and economic predominance of Europe, proper functioning of the international payments system, free movement of factors, and limited government intervention in the economic life.
What were the economic consequences of World War II?
American financial intervention, European and Japanese economic recovery, and distortions in production and trade.
What changes occurred in the international economic system after World War I?
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What characterized the international economic system before World War I?
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What characterized the international economic system before World War I?
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What were the consequences of World War I on the international economic system?
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What changes occurred in the international economic system after World War I?
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What characterized the international economic system after World War II?
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What led to the poor functioning of the international payments system after World War I?
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