World War I transformed the international economic and political environment. This chapter analyzes the major changes in domestic and international finance and their implications for the economic balance of power. It also describes the changes in domestic political institutions that channeled the pressures felt by policy makers. The six sections of the chapter look at the disintegration of the prewar international monetary system based on the gold standard, domestic finance, foreign finance, trade and competitiveness, domestic political changes, and the implications for postwar international monetary relations.
Keywords: competitiveness; domestic finance; domestic political change; economic balance of power; foreign finance; gold standard; international finance; international monetary relations; international monetary system; political change; trade; World War I
Chapter. 16135 words. Illustrated.
Subjects: Economic History
Full text: subscription required